Year-to-date (through July), sales are up 4.1% compared to the same period in 2018. The second half comparisons will be easier, so sales should be higher in 2019 than in 2018. So my view is housing will be a positive for the economy in the 2nd half of 2019.
California’s housing affordability crisis isn’t going away Foreclosures down for third straight month as lenders manage backlog: RealtyTrac foreclosure filings dip for third straight month. Banks repossessed more than 77,000 homes last month, down from nearly 88,000 homes in September.. lenders are delaying foreclosure as they.Getting a loan isn’t the ordeal. in places such as California, Florida and Texas, where affordable housing demand is especially strong. Jobs for truckers, forklift operators and many others.
Strong U.S. Dollar. Global commodity prices are usually quoted in dollars and are likely to fall when the U.S. dollar is strong. Consistent with this, the surge in the U.S. currency in the second half of 2014 coincided with a sharp fall in the leading commodity indexes, Julian Jessop, head of commodities research at Capital Economics, said in a research note.
CFPB: We’re working to make new HMDA implementation easier Jobless claims fall but spike in energy sector claims signals problems Economics. A type of unemployment that occurs when workers are between jobs, workers make leave their job because they have been fired, or because their employers went out of business, or because they are in search of a better job, or they may be waiting to begin a new job.The Consumer Financial Protection Bureau is a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Featured Whether you want to put money aside for unexpected expenses or make a plan to save for your future goals, we have resources that can help.
These 4 factors are weighing on housing. Wage growth is pushing up home prices, but wage growth isn’t consistent across the U.S. Home prices are rising, but the housing market isn’t exactly booming. And in the second half of the year, four major factors will continue to weigh on the housing market as it continues its slow recovery,
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Provincial Economic Forecast External Backdrop Drives More Cautious 2020 View Beata Caranci, Chief Economist, 416-982-8067 Derek Burleton, Deputy Chief Economist.