Tag Archives: Employment

2018 & 2019 Refinance and Purchase Lending Forecasts as of January 2018

As we economists say, “forecasting is difficult, especially the future.”   Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes –  both refinance and purchase transactions. The forecasts typically span a three-year period, currently from 2017 to 2019.  Freddie Mac did not breakout the quarterly forecast …Read more

MSA and Division Employment Gains – November 2017

Jobs are everything to an economy. Period. Each month the U.S. Bureau of Labor Statistics (BLS) releases employment data at the Metropolitan Statistical Area (MSA) and Division level in both Seasonally Adjusted Annualized Rates (SAAR) and non-seasonally adjusted formats. All employment data in this discussion are from the BLS. As I have written in the …Read more

State Job Growth Rates as of November 2017

Jobs are everything to an economy.   Period.  Always will be. So goes the number of jobs, so goes (in general) the demand for housing, commercial real estate and the overall performance of the economy.  Naturally other factors such as taxes (or the lack-thereof), location, natural resources and external factors alter all of this, but the …Read more

Jobs Report — December 2017 — Just 148,000 Net New Jobs, But the Unemployment Rate Remains at 4.1 Percent, a 17-Year Low

The U.S. created 148,000 net new jobs (preliminary) in December 2017 as reported by the U.S. Bureau of Labor Statistics, 50,000 jobs short of the 198,000 consensus among economists according to MarketWatch. The net gain in jobs totaled 2.055 million in the prior 12-months at an average 171,250 per month.  Total net job gains in …Read more

Existing Home Sales Hit Highest Annualized Rate in almost 11 years in November 2017 – Median Price Up 5.8 Percent

Existing home sales posted a seasonally adjusted annualized rate (SAAR) of 5.81 million dwelling units in November 2017, up 3.8 percent versus a year ago and the most seen since December 2006, according to the National Association of Realtors® (NAR).   Median price of $247,000 (not seasonally adjusted), posted a 5.8 percent gain versus a year …Read more