Items Tagged with 'Economy'

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  • Fannie Mae lowers existing home forecast, says sales will decline this year

    Mortgage giant blames limited supply as builders stay on the sidelines
    Fannie Mae lowered its housing forecast on Friday, saying existing home sales will decrease this year compared with 2018. It was the first time the mortgage giant projected a 2019 decline. The projection comes at a time when mortgage rates are near three-year lows and housing optimism is at an all-time high. But, there’s something that trumps low rates and elevated optimism, the mortgage giant said: Supply shortage.
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  • Goldman Sachs: No deal in U.S.-China trade war before 2020 election

    "Fears that the trade war will trigger a recession are growing," Goldman economists say
    “Tariffs are a great negotiating tool,” President Donald Trump tweeted last month, one of dozens of times he has extolled the power of levies to get the trade deals he wants. Goldman Sachs issued a note to clients on Sunday saying that tariff strategy isn’t going to work with China, the world’s second-largest economy. “We no longer expect a trade deal before the 2020 election,” Goldman economists said.
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  • Jobs: Private sector employment improves, but signs indicate growth is slowing

    Construction employment increases by 15,000 jobs from the previous month
    The National Employment Report indicates that private sector employment increased by 156,000 jobs from June to July, according to the ADP Research Institute and Moody’s Analytics. Moody’s Analytics Chief Economist Mark Zandi said although job growth is healthy, it's continuing to slow.
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  • U.S. economy smashes record for longest expansion

    The caveat: the longest expansion has also been the smallest
    America’s economic expansion is now the longest on record after celebrating its 10th birthday on July 1. There’s a caveat: it has also been slowest and the smallest. Skeptics point to the tax-cut boost as being a sugar rush that mainly benefited the nation’s corporations and its wealthiest citizens. There are signs the buzz is wearing off.
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  • June's job report reveals the nation's job growth is slowing down

    Construction jobs fell by 18,000 jobs in June
    The National Employment Report revealed that private sector employment increased by 102,000 jobs from May to June, rising predominately in the service-providing sector. However, jobs in the good producing sector, including construction, manufacturing and mining all experienced a decline in June, according to ADP Research Institute and Moody’s Analytics. Ahu Yildirmaz, vice president and co-head of the ADP Research Institute claims the nation’s job growth is starting to show signs of a slowdown.
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  • Here's why falling mortgage rates won't spark recovery in the housing market

    Capital Economics predicts muted activity as economic concerns loom
    The housing market won’t recover much in the second half of 2019, says Capital Economics. Mortgage interest rates have fallen this year, but that hasn’t spurred much action in the housing market, and things are unlikely to turn around for the remainder of the year as concerns about the economy continue to grow, the economists say.
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  • May's job report reveals the labor market is tightening

    Construction jobs fell by 36,000 jobs in May
    The National Employment Report indicates that private sector employment increased by only 27,000 jobs from April to May, according to the ADP Research Institute and Moody’s Analytics. ADP Research Institute Vice President Ahu Yildirmaz said May marked the smallest gain since the expansion began.
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  • Jobs Report: Private sector hiring ticks up, championed by growth in the service-providing sector

    The construction sector adds 49,000 jobs
    The National Employment Report indicates that private sector employment increased by 275,000 jobs from March to April, according to the ADP Research Institute and Moody’s Analytics. ADP Research Institute Vice President and Co-head Ahu Yildirmaz said the bulk of growth in April belongs to the service-providing sector.
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  • Bring on the refis: Freddie Mac expects mortgage rates to remain low all year

    The 30-year fixed-rate mortgage is projected to average 4.3% in 2019
    Low mortgage rates are expected to boost homebuyer affordability for the remainder of 2019, according to Freddie Mac’s April Forecast. In fact, Freddie Mac Chief Economist Sam Khater said low mortgage rates and stronger wage growth translate into better home sales in the coming months, along with better than expected refinance activity for the rest of the year.
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  • Recession fears diminish as the nation approaches a Goldilocks economy

    This is what experts say Q1's GDP growth means for the nation's economy
    For months, several reports indicated the U.S economy was quickly approaching what many feared to be a recession. However, Friday’s Gross Domestic Product report produced by the Bureau of Economic Analysis signaled the economy was strengthening. So, why are economists citing Goldilocks?
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