Please enjoy this quick update on what happened this week in the housing and financial markets.
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Factory activity slowed in March, but growth in the manufacturing sector is still going strong. More companies showed signs of expanding than shrinking. |
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Tariffs on goods from China continued to dominate the headlines this week. Trade war concerns have helped keep mortgage rates from rising. |
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Jobless claims were up on the week, but jobless rolls fell to the lowest level since 1973. A tightening labor market could boost wage growth, leading to inflation. |
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Construction spending was up in February after being unchanged in January. Spending on private residential projects increased 0.7%, after falling in January. |
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Home buyers are blowing their budgets to snag their dream houses as prices rise. A third of buyers spent an average of $16k more than they planned. |
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Rising home prices may keep some out of the market. A recent Freddie Mac survey finds 67% of current renters view renting as more affordable than owning. |
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Optimist: The glass is half full. Pessimist: The glass is half empty. Mother: Why didn't you use a coaster? |
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