Rise in Consumer Confidence, but Economy Continues to Falter
Although orders for durable goods fell last month by four percent, the sharpest drop in three years, improved perception of the job market contributed to consumer confidence rising to its highest level...
View ArticleJobless Claims Fall
HousingWire reports the Labor Department says the number of Americans filing jobless claims fell to 367,000 the week ending May 5, 1,000 fewer than the previous week. This pales in comparison to the...
View ArticleLack of Credit Access Hindering Recovery
The Manufactured Housing Institute (MHI) newsletter reports an article in the Wall Street Journal says access to credit may be the key to U.S. economic recovery. Noting those who already have access...
View ArticleSupreme Court Decision Angers Many
The decision by the U.S. Supreme Court this morning to uphold the individual mandate and the Patient Protection and Affordable Care Act (PPACA) went against the National Federation of Independent...
View ArticleLow Wage Growth = Slow Economic Rebound
CNNMoney tells MHProNews the unemployment rate not only hurts those looking for work, it also hurts those with jobs. Why? Employers have no incentive to give raises because they know workers have few...
View ArticleReal Estate Guru Expresses Optimism
Dr. Mark Dotzour, chief economist at Texas A & M’s Real Estate Center, proclaims tax credits to buy homes or cars represents a fake economic recovery. When people buy because they want to marks a...
View ArticleNAHB to Congress: Keep Housing Tax Incentives
During testimony before the House Ways and Means Committee on residential real estate and tax reform, Robert Dietz of the National Association of Home Builders (NAHB), noting 40 percent of renters pay...
View ArticleFalling Income may Stall Recovery
According to cbsnews, a report based on recent data from the Census Bureau American Community Survey states that the percentage of renters paying over 50 percent of their income increased from 22.8...
View ArticleConsumer Sentiment Rising
A survey released today (June 28) indicated consumer sentiment among higher-income families nearly rose to its highest level in six years, hitting 84.1 in late June, 2013, just below the 84.5 six year...
View ArticleHome-building Starts and Permits Drop
According to government figures the pace of home building fell in June, mostly due to a drop in multifamily construction, as single-family starts fell one percent from May to June although the rate is...
View ArticleWarren’s Wisdom: Housing is key to U.S. Recovery
Forbes reports that the Sage of Omaha – billionaire investor Warren Buffett – believes that housing is the key to the economic recovery. Buffett, whose Berkshire Hathaway owns Clayton Homes,...
View ArticleNAR’s Yun says Progress in America has Stopped
Realtor provided a commentary by Lawrence Yun, the National Association of Realtors (NAR) respected chief economist. Yun stated that U.S. GDP is still below 2007 levels, even though we have 10 million...
View ArticleReal Estate Appraisal Process Needs Repair
The National Association of Home Builders (NAHB) tells MHProNews.com the Government Accountability Office (GAO) reports the lack of government oversight of real estate appraisals has resulted in...
View ArticleEconomic Recovery without the Housing Market?
GlobeandMail of Toronto tells MHProNews.com the economic recovery in the U.S. is beginning without help from the housing market. Recovery from economic slumps going back decades meant the real estate...
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