FHA For Non-Conventional Purchases; Residential Investment Back in Black; Brexit Impact?

More than a quarter of new home purchases in 2018 were financed through non-conventional sources. Data from the Census Bureau’s Survey of Construction shows that, while the new home market was dominated by loans from Fannie and Freddie Mac, other funding accounted for 28.6 percent of new home purchases. Danushka Nanayakkara-Skillington analyzed the data for an entry in the National Association of Home Builders’ Eye on Housing Blog. FHA-backed loans were the most prevalent form of non-conventional financing in the new home market last year with an 11.0 percent share, followed by all-cash at 10.0 percent. VA-backed loans accounted for 5.6 percent and other financing for 2.1 percent. That latter category included loans from the USDA’s Rural Housing Service, Habitat for Humanity, loans from individuals
FHA For Non-Conventional Purchases; Residential Investment Back in Black; Brexit Impact?
FHA For Non-Conventional Purchases; Residential Investment Back in Black; Brexit Impact?

Here's Why Rates Were Flat This Week (And Why That Should Change)

Mortgage rates were flat today. In fact, they were very close to being flat on the week for that matter! This is a reflection of the bond markets current set of concerns, which really came into focus late last week with Thursday’s Brexit-related news and Friday’s trade deal updates. Brexit refers to the UK’s attempts to exit the EU. As esoteric of a concern as that may seem, it’s something that the bond market (and hence, interest rates) quite clearly cares about. Last Thursday’s unexpected progress between Boris Johnson and Northern Ireland’s Prime Minister sent rates screaming higher at their fastest pace in months. I could also argue that much of the damage that seemed to have been done by Friday’s US/China trade news was instead follow-through momentum from Thursday’s Brexit-inspired move
Here's Why Rates Were Flat This Week (And Why That Should Change)
Here's Why Rates Were Flat This Week (And Why That Should Change)

Recession likely years away due to bullish Trump effect, Nobel Prize winner Robert Shiller says

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Yale economist Robert Shiller suggests the longer President Donald Trump stays in office, the better it is for the economy.

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Recession likely years away due to bullish Trump effect, Nobel Prize winner Robert Shiller says
Recession likely years away due to bullish Trump effect, Nobel Prize winner Robert Shiller says

Federal vice chair Clarida: Fed is deciding what to do with rates 'meeting by meeting'

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CNBC's Steve Liesman reports on new comments from vice chairman of the Federal Reserve Richard Clarida, in which he says that monetary policy is not on a set course.

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Federal vice chair Clarida: Fed is deciding what to do with rates 'meeting by meeting'
Federal vice chair Clarida: Fed is deciding what to do with rates 'meeting by meeting'

Leading economic indicators down 0.1% in September

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CNBC's Rick Santelli reports on new leading economic indicators data for September, which was lighter than expected.

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Leading economic indicators down 0.1% in September
Leading economic indicators down 0.1% in September

Lower rate environment is hurting rather than helping, strategist says

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Drew Matus, chief market strategist at Met Life Investment Management, and David Bahnsen, founder and CIO at the Bahnsen Group, join "Squawk Box" to talk big market catalysts and what's working for investors.

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Lower rate environment is hurting rather than helping, strategist says
Lower rate environment is hurting rather than helping, strategist says

Homes Are Selling Quickly [INFOGRAPHIC]

Homes Are Selling Quickly [INFOGRAPHIC] | Simplifying The Market

Homes Are Selling Quickly [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for the release of their Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions.
  • Homes across the country are selling quickly, in an average of just 31 days.
  • 49% of homes sold in less than a month.

Homes Are Selling Quickly [INFOGRAPHIC]
Homes Are Selling Quickly [INFOGRAPHIC]

Single Family Construction Improves, Multi-Family Not So Much; Brexit Brings Volatility Risk to Rates

After posting some of the best results in a year the previous month, all three construction indicators fell back in September . The U.S. Census Bureau and the Department of Housing and Urban Development said housing starts and completions of residential units were especially weak as were the numbers posted in the Northeast. Permits for residential construction declined by 2.7 percent from the prior month for a seasonally adjusted annual rate of 1,387,000 units. The previous estimate of 1,419,000 permits in August was revised up to 1,425,000. The September estimate leaves the permitting rate up 7.7 percent from the September 2018 estimate of 1,288,000 units. Analysts had expected permits to move lower after the 7.7 percent monthly jump in August. Those polled by Econoday were looking for results
Single Family Construction Improves, Multi-Family Not So Much; Brexit Brings Volatility Risk to Rates
Single Family Construction Improves, Multi-Family Not So Much; Brexit Brings Volatility Risk to Rates

Why the Fed could pause rate cuts

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CNBC's "Power Lunch" team breaks down how markets are trading and the Fed's next move, with CNBC's Steve Liesman, Steve Grasso, a "Fast Money" trader, and Michael Farr, CEO and president of Farr, Miller and Washington.

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Why the Fed could pause rate cuts
Why the Fed could pause rate cuts

Larry Kudlow: The Fed is moving in the right direction despite 'highly flawed' models

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Larry Kudlow, President Donald Trump's top economic advisor, tells "Squawk Box" that the Federal Reserve's economic models are "highly flawed," but that the central bank is finally moving in the right direction.

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Larry Kudlow: The Fed is moving in the right direction despite 'highly flawed' models
Larry Kudlow: The Fed is moving in the right direction despite 'highly flawed' models