Economy Watch: Residential Delinquencies Continue Drop
Lender Processing Services released its latest Mortgage Monitor, which found that the national delinquency rate for residential mortgages continued to fall in May, marking the largest year-to-date drop since 2002.
‘Economy Watch’ Podcast with Dees Stribling: The ECB Promises Low Rates
The ECB promises low rates, and the U.S. adds more jobs.
Taking Orders
(value of manufacturers’ new orders; not seasonally adjusted; $ in millions)
Ups and Downs
(national cap rate performance based on properties and portfolios of $2.5 million and greater)
Economy Watch: Employment Increase Broad-Based in June
The jump in employment reported by the Bureau of Labor Statistics, a nationwide increase of 195,000 jobs, was fueled by a number of sectors—leisure and hospitality, professional and business services, retail trade, healthcare and financial activities.
Economy Watch: The Economy Creates 195k Jobs in June
The Bureau of Labor Statistics reported that the U.S. economy created 195,000 jobs in June, a bit more than the average increase for the last 12 months, which is 182,000.
Economy Watch: More Evidence of Residential Strength
Another measure of the U.S. residential market, coming on the heels of strong Case-Shiller numbers last week, came in positive.
Economy Watch: Construction Spend Rises in May
The Census Bureau said that U.S. construction spending during May was at an annualized rate of $874.9 billion, 0.5 percent above the revised April rate. The May figure is 5.4 percent above the May 2012 total of $830.4 billion.
‘Economy Watch’ Podcast with Dees Stribling: The Economy Didn’t Grow Much
The economy didn’t grow much in the first quarter, but there continues to be other good news.
Economy Watch: Mortgage Delinquencies Drop
Fannie Mae reported on Friday that the single-family serious delinquency rate for the mortgages that it owns and insures dropped in May to 2.83 percent from 2.93 percent in April, down to the lowest level since January 2009, when delinquencies were on the way up.