Tag Archive for ‘Homebuilders’

Credit The Consumer

Consumer debt is gaining steam. Consumer credit grew by $62 billion in the second quarter of this year (seasonally adjusted), the most in three-and-a-half years. Most of the increase was in non-revolving credit ($50 billion) while revolving debt rose by $12 billion. In addition, automobile loans increased $25 billion (not seasonally adjusted), the most since the third quarter of 2013,… Read More ›

House Prices Have Room to Grow, For Real

House price growth has been slowing in recent months, but still remains well above the rate of general inflation. For instance, annual growth in the S&P/Case-Shiller 20-City Composite home price index eased for the sixth consecutive month in May to 9.3% while the Federal Housing Finance Agency’s (FHFA) Purchase-Only house price index slowed to a 5.6% increase. Both these measures were… Read More ›

Show Me the Credit

Consumer credit (excluding mortgages) in the first quarter of 2014 was up 25 percent from its low set in the second quarter of 2010, according to the Federal Reserve Board. Among the components, student loans are 45 percent higher, car loans gained 26 percent and credit cards are up 5 percent. Car lending has rebounded over the few past years… Read More ›

Is Everybody Happy?

Consumers have been regaining confidence and feeling better about the jobs market. For instance, the Conference Board’s Consumer Confidence Index rose to a six-and-a-half year high in June. Moreover, their expectations for the next six months improved to a 10-month high. The Thomson Reuters/University Consumer Sentiment Index ticked up as well in June, but not at record levels. In addition,… Read More ›