Single-family housing starts plunged unexpectedly last month. Nationwide, starts fell 12 percent from the month prior; and 29 percent from February of last year.
February’s figures represents the worst 1-month drop in housing starts since May 2010 — the month that followed the expiration of last...
Homebuilders are optimistic about the housing market this spring, relative to recent months.
According to the monthly Housing Market Index as published by the National Association of Homebuilders, after 4 straight months of reading 16, March homebuilder confidence ticked 1 point higher to 17.
It’s the...
Posted by
yourmortgageplanner on Mar 15, 2011 in
FOMC |
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Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent.
The vote was 10-0.
In its press release, the FOMC noted that since its January 2011 meeting, the economic recovery “is on...
Posted by
yourmortgageplanner on Mar 15, 2011 in
FOMC |
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The Federal Open Market Committee meets today in Washington D.C. The FOMC is a special group within the Federal Reserve, led by Fed Chairman Ben Bernanke, and consisting of 12 members.
The FOMC’s official schedule calls for 8 meetings annually at which it reviews the nation’s economic and...
HOME VALUES – The average home price in the USA declined by 11.5% (in aggregate) over the last 5 calendar years (2006-10). Homes in North Dakota appreciated +18.5% over the period, while homes in Nevada declined by 52.8% (source: Office of Federal Housing Enterprise Oversight,...
