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Tag Archives: housing
Housing Smoke and Mirrors (7) – “Get Out of Jail”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4)[i] and (5),[ii] to confront the threat of the deteriorating bad mortgage vintages – “the Federal Reserve and the Federal Government were observed to be running swiftly into the housing … Continue reading
Escaping Liquidity Traps: Lessons from the UK’s 1930s Escape
by Nicholas Crafts This article was originally published by Voxeu.org on May 12, 2013 The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column argues that what drove this recovery was ‘unconventional’ monetary … Continue reading
Posted in Economics, Government, UK, macroeconomics, money
Tagged consumer confidence, Economy, GDP, home sales, housing, inflation, Nicholas Crafts, recession, recovery, trade balance, Voxeu
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Residential Building Sector Growth Continues in April 2013
Written by Steven Hansen Residential building permits and construction completions in April 2013 continues to show the industry growth. Our analysis paints a slightly different picture than the headline data. Apartment building permits comparing April 2012 to April 2013 are … Continue reading
Schizophrenic U.S. Housing Market
Housing Smoke and Mirrors (Part 6) “It was the best of times, it was the worst of times.” Written by Adam Whitehead, KeySignals.com Click to enlarge We thought it would be amusing to start this discussion with the latest “Smoke … Continue reading
Housing Smoke and Mirrors (5) – “Zombie Fed”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (4), it was suggested that the bad eggs in the 2005 and 2009 Mortgage Vintages were hatching; and creating a growing systemic threat. Click to enlarge The Federal Reserve and … Continue reading
Housing Smoke and Mirrors (4) – “The Zombie in the Room”
Written by Adam Whitehead, KeySignals.com In Housing Smoke and Mirrors (3)[i] it was suggested that there were some anomalies, in the general pattern of improving mortgage delinquencies, that deserved closer scrutiny.
Fed Mortgage Subsidy Drives Buying Panic In Existing Homes To Bubble Levels
by Lee Adler, Wall Street Examiner The NAR Pending Home Sales data for March is a measure of current sales as of the date of the contract. It’s the closest thing we have to a real time measure of sales … Continue reading
Terminal Velocity (6) Update – “Flying Blind, On Fumes, With No Pilot”
Written by Adam Whitehead, KeySignals.com In Terminal Velocity (4)[i], the possibility and conditions precedent for the “Helicopter” to land at Jackson Hole were discussed. The specific landing conditions were identified in Terminal Velocity (5). These conditions were observed as a … Continue reading
Posted in Economics, Federal Reserve, macroeconomics, money
Tagged Adam Whitehead, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, inflation, recession, recovery
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It’s A Housing “Recovery” In Orwellian Terms – Here’s The Reality
by Lee Adler, Wall Street Examiner The Commerce Department today reported really good March home sales relative the the past 4 years of the housing depression. Media reports included only the seasonally adjusted annualized sales rate, which was 417,000 versus a consensus … Continue reading
Posted in Home Sales and Home Prices, mortgages
Tagged consumer confidence, Economy, existing home sales, Federal Reserve, GDP, home sales, housing, Lee Adler, recovery
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Is the Federal Reserve Breeding the Next Financial Crisis?
by Ambrogio Cesa-Bianchi and Alessandro Rebucci This article was originally published in Voxeu.org Many economists think that the US Federal Reserve’s loose monetary stance in the 2000′s fueled the US housing bubble. Is the Fed thus responsible for the Global … Continue reading
Posted in Economics, Federal Reserve
Tagged Alessandro Rebucci, Ambrogio Cesa-Bianchi, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing, recession, recovery, Voxeu
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March 2013 Existing Home Sales Show Average Growth
Written by Steven Hansen The headlines for existing home sales say that sales slipped in March caused by a shortage of homes for sale. Our analysis shows sales are about average for the growth evidenced over the last 12 months. … Continue reading
Latest U.S. Housing Smoke and Mirrors
Housing Smoke and Mirrors (3) Update – April Fools Written by Adam Whitehead, KeySignals.com In Part 1,[i] it was concluded that the US Housing Market has a pattern of improving short term delinquency fundamentals; but also that there is a … Continue reading
Posted in Home Sales and Home Prices, aa syndication, money, mortgages
Tagged Adam Whitehead, consumer confidence, Economy, Federal Reserve, GDP, home sales, housing
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Screwing the American Economy by Screwing Its Young
Written by Steven Hansen The inordinate growth of student loans – and its effect on the economy – is killing consumption (autos) and the housing sector. This is no short term dynamic, but will effect the economy for decades. [click … Continue reading
Posted in Consumer Credit, Weekly Economic Summary, aa syndication
Tagged auto, consumer credit, consumption, Economy, education, GDP, housing, loans, recovery, retail, Steven Hansen, unemployment, weekly review
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Single-Family and Multi-Family Housing Starts
Single Family Housing Starts Dead But Not Dead Enough – Multifamily Hot, But Not Too Hot by Lee Adler, Wall Street Examiner Housing starts rose in March. Most of the increase was in the multifamily sector. Single family starts remained … Continue reading
Residential Building Sector Grows but Trends Mixed in March 2013
Written by Steven Hansen Residential building permits and construction completions in March 2013 continues to show the industry growth. The data, however, is mixed. Our analysis paints a “less good” picture than the headline data. Our best guess is there … Continue reading
Analysis of the Housing Recovery Mirage
by Keith Jurow, Capital Preservation Real Estate Report At the end of March, it was announced that the 20-city Case-Shiller Index was up 8.1% year-over-year. Nearly all housing experts declared that this was further confirmation that the housing recovery was … Continue reading
Posted in Home Sales and Home Prices
Tagged foreclosures, housing, housing market, Keith Jurow, mortgages underwater
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February 2013 Existing Home Sales Not As Strong As the Headlines
Written by Steven Hansen The headlines for existing home sales say that sales were stronger in February caused by “improving economy and pent-up demand”. Our analysis shows sales are stronger – but they are in the lower quartile of growth … Continue reading
The Spinning Top Economy
by Matthew Berg, New Economic Perspectives The central insight of the sectoral balances model of the economy is that not all sectors of the economy can net-save at the same time. That means that if all those of us in … Continue reading
Posted in Economics, GDP, macroeconomics, money
Tagged GDP, Godley, housing, Matthew Berg, Minsky, recession, recovery, trade balance
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Housing Smoke and Mirrors, Part 2
Written by Adam Whitehead, KeySignals.com In Part 1 [i], it was concluded that the US Housing Market has a pattern of improving short term delinquency fundamentals; but also that there is a latent slower deteriorating trend that will converge upon … Continue reading
Posted in Home Sales and Home Prices, aa syndication
Tagged Adam Whitehead, Federal Reserve, home sales, housing
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Residential Building Sector Growth Continues in February 2013
Written by Steven Hansen Residential building permits and construction completions in February 2013 continues to show the industry growth. The data, however, is weaker than previous months. Our analysis paints a “less good” picture than the headline data. One reason … Continue reading
