Tag Archive for ‘finance’

A Decade of Home Building: The Long Recovery of the 2010s

Home building in the 2010s was a story of the Long Recovery. After the Great Recession, the number of home builders declined significantly, and housing production was unable to meet buyer demand. This deficit of housing in the United States continues to exist because of persistent supply-side headwinds for builders, creating a critical housing affordability challenge for renters and homebuyers…. Read More ›

FHA-Backed Mortgages Finance Increasing Share of New Home Sales

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 71.3% of new home sales in the first quarter of 2019, a 3.3-percentage point decrease from Q4 2018 (revised). The decline comes despite lower mortgage rates, continuing a post-2012 pattern in which higher average rates have… Read More ›

Student and Auto Loans Dominate Non-Mortgage Debt

Preliminary consumer credit data for November 2018 released by the Federal Reserve Board’s G.19 Consumer Credit report, which exclude loans secured by real estate, indicate an increase in outstanding credit of about 6.75% (seasonally-adjusted annual rate) from the previous month. Revolving credit increased at an annual rate of 5.50%, while nonrevolving credit increased at an annual rate of 7.00%. Revolving… Read More ›

Non-Revolving Debt Drives Consumer Credit Growth

Preliminary consumer credit data for October 2018 released by the Federal Reserve Board’s G.19 Consumer Credit report indicate an increase in outstanding credit of about 7.75% (SAAR) during the third quarter. Revolving credit increased at an annual rate of 10.75%, while nonrevolving credit increased at an annual rate of 6.75%. Revolving credit plans, which is largely composed of credit card… Read More ›

Homeowners’ Equity Reaches a New High

Over the first quarter of 2018, the value of owners’ equity in real estate expended and hit a new high on a nominal and not seasonally adjusted basis, according to the Financial Accounts of the United States for the first quarter of 2018. This data is published by the Board of Governors of the Federal Reserve System. On a nominal… Read More ›

Homeowners’ Equity Expanding

The Financial Accounts of the United States for the fourth quarter of 2017 were released by the Board of Governors of the Federal Reserve System recently. In the fourth of 2017, the aggregate market value of households’ real estate continues to improve on a nominal and not seasonally adjusted basis. On a nominal and not seasonally adjusted basis, households’ owner-occupied… Read More ›

AD&C Financing Conditions Ease in 2017

Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for acquisition, development, and single-family construction loans and the pace of easing quickened. In the fourth quarter of 2017, the overall net tightening index based on the AD&C survey was -15.3, indicating net easing. All major categories of AD&C financing also recorded net easing, with… Read More ›

Homeowners’ Equity Improves

The Financial Accounts of the United States for the third quarter of 2017 were published by the Board of Governors of the Federal Reserve System recently. On a nominal and not seasonally adjusted basis, the aggregate market value of households’ real estate continues to improve. In nominal terms, households’ owner-occupied real estate increased to $24.2 trillion in the third quarter… Read More ›