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economic data

Home > Posts > Tag: economic data

Austin Mortgage Market Update – For the week of November 22, 2010

Last Wednesday, the Commerce Department reported that Housing Starts dropped 11.7% in October. This drop put Housing Starts at a seasonally adjusted annual rate of 519,000, their lowest level in 18 months. But most of the fall off came from a 43.5% decline in multifamily construction, a volatile part of the market. Single-family building, accounting for more than 80% of all starts, was off just 1.1%, to 436,000 units. And September single-family starts were revised UP to a 2.1% gain. Meanwhile, Building Permits, which reflect builders' views of the future, were UP 0.5% to 550,000, another hopeful sign.

2010-11-22T09:07:19-06:00November 22, 2010|Inside Lending Newsletter|

We’re in the 10th consecutive week of positive price action on the weekly chart — something that is rare to see (8 weeks or more)

Conditions favor continued bullish price action (Austin mortgage price improvement) but probably at a slower pace. Reason being is that we’re in the 10th consecutive week of positive price action on the weekly chart. Something that is rare to see (8 weeks or more).

2010-08-16T14:43:02-05:00August 16, 2010|Austin Mortgage Market|