Tag Archive for ‘federal reserve board’

Growth in Homeowners’ Equity Continues

According to the Federal Reserve Board’s third quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.725 trillion in the third quarter of 2016, $1.520 trillion higher than its level in the third quarter of 2015, $21.204 trillion. At the same time, home mortgage… Read More ›

NAHB Survey: AD&C Financing Standards Continue to Ease

Builders and developers continue to report easing credit conditions for acquisition, development, and construction (AD&C) loans according to NAHB’s survey on AD&C Financing. However, the pace of easing slowed somewhat in the third quarter of 2016 from the rate in the second quarter. In the third quarter of 2016, the overall net tightening index based on the AD&C survey was… Read More ›

Non-Mortgage Consumer Debt Accelerates

The Federal Reserve Board reported that consumer credit outstanding grew by a seasonally adjusted annual rate of 7.0% over the third quarter of 2016, 0.6 percentage point faster than the 6.4% rate of growth in the second quarter. There is now $3.71 trillion in outstanding consumer credit. Growth in the outstanding amount of consumer credit overall reflected an increase in both revolving and non-revolving… Read More ›

Fed Report Shows Strong Consumer Credit Growth

Consumer credit outstanding expanded by a seasonally adjusted annual rate of 8.5% over the month of August 2016, 2.6 percentage points faster than its growth rate in July, 5.9%. According to the report, released by the Federal Reserve Board, there is now $3.69 trillion in outstanding consumer credit. Growth in revolving credit, which is largely composed of credit card debt, contributed to… Read More ›

FOMC Statement: All Eyes on December

The statement released following the September meeting of the Federal Open Market Committee (FOMC) fell in line with market expectations as the committee chose to keep the federal funds rate unchanged.  The Committee’s assessment of the economy remained positive, leaving a December rate hike very much in play.  In the statement, the Committee continued its upbeat assessment of labor and economic activity…. Read More ›

Home Equity Growth Even as Homeownership Declines

According to the Federal Reserve Board’s second quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.290 trillion in the second quarter of 2016, $1.388 trillion higher than its level in the second quarter of 2015, $20.902 trillion. At the same time, home mortgage debt… Read More ›

Credit Standards on AD&C Construction Lending: A Tale of Two Sectors

According to NAHB’s Survey on Acquisition, Development & Construction Financing, residential real estate builders and developers reported that credit conditions for acquisition, development, and single-family construction (AD&C) loans were easier in the second quarter of 2016 than in the first quarter of 2016. Hence the NAHB net tightening index dropped from its level in the first quarter. Following 5 consecutive… Read More ›

More Banks Tighten Credit Standards on MF Debt

Results from the most recent Senior Loan Officer Opinion Survey (SLOOS) indicate that lending standards on multifamily residential mortgages continue to show signs of tightening and the pace of tightening is growing. The Federal Reserve Board’s SLOOS asks senior loan officers at large banks their opinion on changes in the standards and terms on, and demand for, bank loans to… Read More ›

Home and Multifamily Residential Debt Expand

According to the Federal Reserve Board’s first quarter of 2016 release of its Financial Accounts of the United States report, household holdings of real estate, measured on a not seasonally adjusted basis, totaled $22.524 trillion in the first quarter of 2016, $1.140 trillion higher than its level in the first quarter of 2015, $21.113 trillion. At the same time, home mortgage debt… Read More ›

Consumer Credit Outstanding Grows on Auto, Student Loans

Consumer credit outstanding grew by a seasonally adjusted annual rate of 4.5%, $161.0 billion, in the month of April 2016, 5.1 percentage points slower than the 9.6% rate of growth recorded in March. Consumer credit outstanding now totals $3.602 trillion. According to the Federal Reserve Board’s Consumer Credit Report, the increase in total consumer credit outstanding partly reflected an expansion in the… Read More ›