The Recovery in Home Prices Bolsters Americans’ Household Wealth

The Recovery in Home Prices Bolsters Americans’ Household Wealth






The Recovery in Home Prices Bolsters Americans’ Household Wealth US home prices have fully recovered from their steep plunge during the housing bust and Great Recession, according to the data The Standard & Poor’s CoreLogic Case-Shiller national home price index , released Tuesday, is just a bit above the peak it set in July 2006, […]






Strong US Housing Market to Bring Fed Rate Hike

Strong US Housing Market to Bring Fed Rate Hike






Strong US Housing Market to Bring Fed Rate Hike October Existing Home Sales and November Philadelphia Fed Non-Manufacturing Index Sales: +2%; Prices (Over-Year): +6%/ Phil. Fed (NonMan.): -10.7 points; Orders: +6.9 points; Hiring: +5.8 point. The National Association of Realtors (NAR) reported that in October, existing home sales hit their highest pace since February 2007. […]






September Housing Performance Weaker Than Expected

September Housing Performance Weaker Than Expected






September Housing Performance Weaker Than Expected Homebuilders pulled back on construction for a 2nd month running in September, with a dive in apartments offsetting gains in single-family homes. Building activity was weak in all parts of the nation except the Midwest. Construction dove 9% in September to a seasonally adjusted annual rate of 1.05-M units, […]






  Australia’s Economy Showing Resilience to Commodity Slump, Risk Lingers

  Australia’s Economy Showing Resilience to Commodity Slump, Risk Lingers






Australia’s Economy Showing Resilience to Commodity Slump, Risk Lingers $MCO Australia’s economy is continuing to display resilience to commodity price declines, however external financing risks do linger, global ratings agency Moody’s Investor Services said Wednesday. Australia’s growth should continue to outpace its commodity exporting triple-A (stable) rated peers New Zealand, Canada and Norway over the […]






The Week Ahead on Wall Street

The Week Ahead on Wall Street






The Week Ahead on Wall Street $FDX, $LEN, $GIS, $AZO On the Earnings Front Announcing earnings this week to Wall Street are S&P 500 members Adobe Systems (ADBE), FedEx Corp. (NYSE:FDX) and Lennar Corp. (NYSE:LEN) Tuesday; Bed Bath & Beyond (BBBY), CarMax (KMX), General Mills (NYSE:GIS) and Red Hat (RHT) on Wednesday; and AutoZone (NYSE:AZO) Thursday. On […]






Dubai Real Estate May Become as Unaffordable as London

Dubai Real Estate May Become as Unaffordable as London






Dubai Real Estate May Become as Unaffordable as London Residents could be permanently priced out of the market, according to Cluttons Dubai is at risk of becoming as unaffordable for local residents as parts of the UK capital London unless cheaper property is provided, according to Cluttons. Faisal Durrani, the property consultancy’s head of research, […]






Key Economic Data Does Not Reflect Pending ‘Disaster’

Key Economic Data Does Not Reflect Pending ‘Disaster’






Key Economic Data Does Not Reflect Pending ‘Disaster’ $DIA, $SPY, $QQQ, $VXX July New Home Sales and August Philadelphia Fed NonManufacturing Survey Home Sales: +12.4%/ Philly Fed: -4 points; Orders: -14.9 points The Big Q: With housing and hiring looking really good, where is the economic disaster we keep hearing about? The notion that the […]






US Consumer Prices Unchanged, Inflation Slows

US Consumer Prices Unchanged, Inflation Slows






US Consumer Prices Unchanged, Inflation Slows $DIA, $SPY, $QQQ, $VXX US consumer prices were unchanged in July as the cost of gasoline fell for the 1st time in 5 months and underlying inflation slowed, which could further diminish prospects of a US Fed interest rate increase this year. The Labor Department said Tuesday that the […]






American’s are Almost as Wealthy as Ever, it is Scary

American’s are Almost as Wealthy as Ever, it is Scary






American’s are Almost as Wealthy as Ever, it is Scary Americans are about as wealthy as they have ever been and that is worrying monetary officials.  They are concerned that the growing wealth could prove unsustainable because it has outstripped the growth of the economy since the Great Recession’s storied end in Y 2009. A […]






US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing

US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing






US Real Estate: Strong Gains in Public Works, Power Plants & Multifamily Housing At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5% from April, according to Dodge Data & Analytics. Much of the growth came from the nonbuilding construction sector (public works and electric utilities), which was lifted […]






A Troubling Story: “The US has Become a ‘Renter Nation'”

A Troubling Story: “The US has Become a ‘Renter Nation






A Troubling Story: “The US has Become a ‘Renter Nation’” A troubling story is  playing out across they USA in the 10 years since the housing bubble peaked and burst in a horrific crash. As real estate has risen, homeowners are thriving and renters struggle. For many longtime owners, times are good. They are enjoying […]






Unlike US Consumers, China’s Consumer Plan More Spending

Unlike US Consumers, China’s Consumer Plan More Spending






Unlike US Consumers, China’s Consumer Plan More Spending Most Chinese consumers will continue to spend in Y 2016 despite slowing economic growth and market volatility, according to research by Boston Consulting Group (BCG). About 75% of Chinese consumers plan to maintain or increase their spending this year, down from 81% in Y 2015, according to […]






US Housing Starts Missed Expectations in May

US Housing Starts Missed Expectations in May






US Housing Starts Missed Expectations in May US housing starts missed in May as the construction of multi-family housing units dropped, but gains in building permits signaled a possible rebound that would support economic growth in Q-2. Groundbreaking fell 0.3% to a seasonally adjusted annual pace of 1.16-M units, the US Commerce Department said Friday. […]






The Week Ahead on Wall Street

The Week Ahead on Wall Street






The Week Ahead on Wall Street $KR, $ORCL Just 2 members of the S&P 500 are scheduled to report earnings to Wall Street this week: The Kroger Co. (NYSE:KR), and Oracle Corp. (NASDAQ:ORCL). Both announce their results Thursday. US Fed’s FOMC Meeting The US Fed’s Open Market Committee (FOMC) will hold a 2-day meeting, beginning […]






Saudi Arabia Seeks Partners to Build 1.5-M Homes

Saudi Arabia Seeks Partners to Build 1.5-M Homes






Saudi Arabia Seeks Partners to Build 1.5-M Homes Saudi government offers property developers partnership deals to address a shortage of affordable housing Saudi housing minister Majed al-Hogail has unveiled a new construction program, which aims to build 1.5-M homes over the next 8 years. Under the scheme, the Saudi government will offer foreign and local […]






Janet Yellen’s Remarks Anything But “Dovish”

Janet Yellen’s Remarks Anything But “Dovish”






Janet Yellen’s Remarks Anything But “Dovish” Monday, US Federal Reserve Chairwoman Janet Yellen said  that interest rate hikes are likely on the way because “positive economic forces outweigh the negative” for the United States now that risks from earlier this year have diminished. In Monday’s public comment from any US central banker before a Key […]






Ominous Business Indicator, Machinery Orders Soft

Ominous Business Indicator, Machinery Orders Soft






Ominous Business Indicator, Machinery Orders Soft $DIA, $SPY, $QQQ, $VXX US business spending intentions weakened in April for a 3rd month running on soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year high supported views economic growth was gaining speed. The growth picture was further boosted by […]






Ft McMurray Wildfire, Canada’s Most Expensive Natural Disaster

Ft McMurray Wildfire, Canada’s Most Expensive Natural Disaster






Ft McMurray Wildfire, Canada’s Most Expensive Natural Disaster The raging wildfire in Alberta Canada will go down as the most expensive natural disaster in Canada’s history, damaging the environment, homes, businesses and the struggling economy in their path. Recently released data suggests that activity in the Canadian Province was firming near the end of Q-1 […]






EUR/USD Technical Outlook (Daily)






EUR/USD Technical Outlook (Daily) Euro $EURUSD The USD Bearish trend extended to fresh lows at the beginning of May, down against all of its peers. The EURUSD advanced up to 1.1534, a mark last seen in August 2015 when Chinese Black Monday sent the USD sharply hundred of pips lower across the board. In the […]






More Singaporeans Satisfied with Current Property Market

More Singaporeans Satisfied with Current Property Market






More Singaporeans Satisfied with Current Property Market About 28% of respondents said that they are “very or quite satisfied with” the current Singapore property market, while more residents said they intend to purchase residential property in the next 6 months, according to Property Affordability Sentiment Survey 2016, a regular survey of Singaporean residents that provides […]