A Snapshot of Economic and Housing Trends

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / A Snapshot of Economic and Housing Trends About Author: Radhika Ojha The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Two reports released on Wednesday remain bullish on the U.S. economy. The U.S. Federal Reserve, which upgraded its economic outlook in a statement at the end of a Federal Open Market Committee (FOMC) meeting, kept the rates unchanged as it monitored the economy for inflation. A report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association also highlighted strong economic growth in the second quarter. The report said that economic activity picked up during the quarter with 4.1 percent annualized real GDP growth, rebounding after a slowdown in growth in the first quarter of the year. “Over the past four quarters real GDP rose 2.8 percent, and growth is expected to remain strong over the remainder of 2018, with a continued fiscal boost after recently enacted tax and spending legislation,” the report to Secretary Steven Mnuchin said.The Fed, in its statement, said that the labor market continued to strengthen and economic activity rose at a strong rate. “Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low. Household spending and business fixed investment have grown strongly,” the Fed said.According to the Treasury report, the two-year Treasury yield rose slightly as markets came to expect more monetary tightening from the Fed. “In contrast, the 10-year yield declined in May amidst concern about political developments in Italy and has remained in the 2.8-3 percent range in recent weeks, leading to a further flattening of the yield curve,” the report said.Are these changes in Treasury yields and a flattening yield curve likely to impact housing? While the report remained silent on the impact, it did mention that residential investment decreased during the quarter and taken together with a “recent decline in new home sales and existing home sales, housing momentum appears to have slowed down recently.”However, a strong consumer spending pattern boded well for the economy, the report indicated. “Consumer spending picked up in the second quarter, with real personal consumption expenditures growing at a 4 percent annualized rate,” the report found.   Subscribe Tagged with: consumers Economy Federal Reserve GDP Home Sales Homes HOUSING Inflation Treasury Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Home Prices Remain High, Continue Yearly Growth Next: Homebuyer Demand Cools Off August 1, 2018 1,705 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago A Snapshot of Economic and Housing Trends Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. consumers Economy Federal Reserve GDP Home Sales Homes HOUSING Inflation Treasury 2018-08-01 Radhika Ojhalast_img read more

Offices: Larger than life

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Wenger: I want to stay forever

first_imgArsene Wenger believes he was right to turn down the likes of Bayern Munich, Real Madrid, Paris St Germain and even the England job to stay on as Arsenal manager for 17 years – and would welcome ending his coaching career at the Emirates Stadium. The Frenchman, who will turn 64 next month, has received the full backing of owner Stan Kroenke as his young team look to deliver a first trophy since 2005 with the London club embarking on what they hope will be a new chapter backed by increased financial resources, which helped secure the record £43million signing of Mesut Ozil from Real Madrid. Following the disappointment of an opening-day 3-1 home defeat by Aston Villa, Wenger has since guided Arsenal safely into the group stages of the Champions League, to the top of the Barclays Premier League table and on Wednesday night saw the next generation come through a penalty shoot-out in the Capital One Cup at West Brom. Press Association “I want to feel that I do well and then the question of me staying will be secondary after that.” The arrival of the relatively unheralded former Monaco and Nagoya Grampus Eight coach was met by headlines of “Arsene Who?” when he succeeded Bruce Rioch in September 1996. Wenger, though, has no intentions of revelling in a bit of nostalgia ahead of what is set to be a testing encounter at the Liberty Stadium. ”Our job has a good advantage – you just look forward to the next game,” he said. Arsenal head to Swansea looking to stay top of the table after four straight league wins. Former Cardiff midfielder Aaron Ramsey is set to have a fitness test on a thigh problem, as is Mathieu Flamini (shoulder). England forward Theo Walcott, meanwhile, faces more than a month of rehabilitation after a minor procedure on an abdominal problem. Last season, Arsenal battled to a 2-2 draw at Swansea in the FA Cup third round, before going through on a replay, and then won 2-0 in Wales when the home side had just celebrated winning the Capital One Cup. “Swansea are a team now where the level of expectation is higher than the year before, so of course everybody wants them to be performing in the top seven or eight, what I think they have the quality to do,” said Wenger, whose side were beaten 2-0 at home by Swansea in their Premier League game on December 1. “Overall they buy well, they play attractive football. Swansea is a very, very good team.” Wenger remains relaxed about his own long-term future, but made it clear he would have no issue with signing on again for the Gunners. “Yes I turned many offers down because I rate what I’ve got here and I always thought that this club is special on that front. In our job it is important to know what you want and I rated the qualities that this club has always shown,” said Wenger, who takes his side to Swansea for Saturday afternoon’s late kick-off. “I am very grateful to this club because during the 17 years we had ups and downs. They have always shown a big faith in me and they always let me do the job like I thought it had to be done, and if I am still here today it is because I got that consistent support from inside the club. “Honestly, I would love to be here forever because that would mean I would be immortal! I am (though) not naive enough to believe that. What I would like to do as long as I am here is give my best for this club because I love this club, of course.” Wenger added: “I am very honoured to have the support of Stan Kroenke. That he thinks I can help the club is a huge confidence vote. That is something for me that is very positive.” On the continuing negotiations, he said: “(We will do it) when we find time. I don’t think that is the most important problem at the moment. “The good thing with me, if I have one quality, (it is that) you don’t need a lot of talks to extend the contract I have. “I want to focus on the quality of our season. last_img read more