Housing and Economic Activity: National Update

first_imgHome / Daily Dose / Housing and Economic Activity: National Update Servicers Navigate the Post-Pandemic World 2 days ago Previous: Metro-West Appoints VP of Appraiser Advancement Next: HUD Secretary to Work on Big Banks’ Lending Practices in Daily Dose, Featured, Headlines Housing and Economic Activity: National Update The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save October 23, 2017 1,130 Views The Best Markets For Residential Property Investors 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago  On Monday, the Federal Reserve Bank of Chicago released its monthly index for October 2017—the Chicago Fed National Activity Index (CFNAI)— reporting the overall economic activity across the U.S.The index, which was constructed using data available as of October 19, 2017, analyzes economic activity based on summarizing variation in 85 data series classified into four main categories.So how does the Chicago Fed organize this data? The CFNAI is designed so that periods of economic expansion have values of above negative 0.70. Meanwhile, periods of economic contraction have values below negative 0.70.According to the index, the overall economic activity reported an increase in growth with a positive 0.17 in September, compared to a negative 0.37 in August.However, despite this slight increase in September, the index reports that month-to-month movements are volatile. Therefore, the index also evaluates a three-month moving average to provide a more consistent picture of national economic growth—the most recent three-month moving average was unchanged at negative 0.16 in September.The contribution of the housing category to the CFNAI is combined with personal consumption—representing an increase to negative 0.07 in September from negative 0.11 in August.However, housing starts decreased to about 1.13 million annualized units in September from about 1.2 million in August. In addition, the index notes that housing permits decreased to about 1.23 million in annualized units in September, which is a decrease from 1.27 million in the previous month. Conversely, consumption indicators improved, which increased the category’s overall contribution to the economy.In addition, the report’s job-market gauge was a positive contributor to the economy, increasing to positive 0.06 from positive 0.01 in the previous month.To view the full report and other indicators impacting the U.S. economy, click here. Related Articles About Author: Nicole Casperson 2017-10-23 Nicole Casperson The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Read more

Guardiola not giving up on title bid despite Newcastle loss

first_img“That’s why we recorded 100 points last season. It’s just sometimes we don’t play at the level we want to play and that can happen — it was not our good night, and that’s something I understand completely.”Newcastle moved five points clear of danger after securing back-to-back league wins for the first time since November after Salomon Rondon equalised midway through the second half before Matt Ritchie’s penalty 10 minutes from time completed their comeback.This victory came with the Magpies poised to clinch a club-record £20 million ($26 million, 23 million euros) move for Atlanta United’s Paraguay forward Miguel Almiron.Meanwhile, Monaco’s Italian full-back Antonio Barreca is also set to join the northeast club, in a loan deal for the rest of the season ahead of the January 31 transfer window deadline.After doing his old club a major favour in their title bid, Newcastle’s former Liverpool boss Rafa Benitez said: “It’s nice to help Liverpool, fine, but saying that I don’t want to disrespect Manchester City.“I can’t talk about the transfer window but we’re progressing with some names and if that happens it will be good news for us. The main thing is that we sign what we need, the price doesn’t matter and it’s not about breaking records, but the fact that it will be someone to help us to stay in this division.”The Spaniard added: “We didn’t get off to the best of starts with their goal, but we fought hard and worked for each other until the last minute and earned our rewards with a win that we can hopefully build on.” Newcastle, United Kingdom | AFP | Pep Guardiola insisted Manchester City’s title hopes were still intact despite admitting Liverpool are poised to take a significant lead in their two-way battle for the Premier League crown.Manchester City’s Premier League title challenge was rocked by a stunning 2-1 defeat at Newcastle, while Manchester United’s late escape preserved Ole Gunner Solskjaer’s unbeaten start in a dramatic 2-2 draw with Burnley on Tuesday.Jurgen Klopp’s side can extend their advantage at the top to seven points with victory at home to Leicester on Wednesday after the reigning champions’ shock 2-1 defeat at struggling Newcastle on Tuesday.The Spaniard’s 100th league game in charge turned sour at St James’ Park despite Sergio Aguero putting City ahead in a mere 24 seconds with the fastest Premier League goal of the season.Guardiola, however, is far from ready to throw in the towel with more than three months of the campaign to play, and predicted plenty more twists and turns in Liverpool’s bid to end a 29-year wait to win English football’s top prize.“We’re still in January,” said City manager Guardiola. “There’s a lot of time but of course, when you’re behind the leaders you don’t want to drop points and every game is one less but there are still a lot of matches to play.”“A lead of seven points is a lot but we’re not in April or May. There are still many games left and anything can happen,” the former Barcelona and Bayern Munich boss added.“There are a lot of tough games to play against sides trying to stay in this division, or playing to get into the Europa League or the Champions League. In our case we will do our best to be there and not to give up.”– ‘Not our good night’ –After surrendering an eight-game winning run at St James’ Park, second-placed City return to action at home to Arsenal on February 3, and their Spanish coach added: “We didn’t underestimate Newcastle — no way. We’d never do that and that’s the reason why we’re still in four competitions. Share on: WhatsApplast_img read more

Read more

Baby Sens, Kinrade suffer overtime heartache

first_imgBinghamton had jumped to a 3-0 first period lead only to watch the Monarchs outscore the Sens 4-1 to force overtime.Binghamton held period leads of 3-0 and 3-2.Kinrade, a graduate of Nelson Minor Hockey, is in his second season of professional hockey in Binghamton, has yet to gain a point in the three games.Game four is set for Tuesday in Binghamton with game five also being played in the Sens’ arena.Friday Derek Grant scored in extra time to give the Sens a road split of the two games in Manchester. Bud Holloway scored in overtime to lift the Manchester Monarchs to a 5-4 victory over the Senators in American Hockey League Calder Cup playoff action Sunday in Binghamton.The win gives the Monarchs a 2-1 lead in the best-of-seven series after the Baby Sens evened the set Friday with a 4-3 overtime road win of their own in Manchester.Sunday’s loss was tough to swallow for Nelson’s Geoff Kinrade, a defenceman with the NHL Ottawa farm team, and the rest of the Sens.last_img read more

Read more

Leafs turn up defence to edge Spokane Braves 3-1

first_imgNelson is 3-1 against the Braves this season.Carsen Willans, Travis Wellman and Austin Seaman scored for the Leafs while Brad Rebagliati turned aside 20-plus shots to register the win in goal.Nelson, 22-2-1-3 on the season, increases its Murdoch Division lead to 10 points over idle Beaver Valley Nitehawks.However, Nelson has played two more games than the Fruitvale based squad.Nelson travels to Fernie Friday to meet the Ghostriders before playing the Nitehawks December 13 in Fruitvale.Next home game for the Leafs is Saturday, December 14 against Golden Rockets. Much of the success for the Nelson Leafs this Kootenay International Junior Hockey League season has come through the offence.Wednesday, at the NDCC Arena, the Leafs clamped down defensively on the Spokane Braves, scoring a 3-1 Murdoch Division decision.The win was the second straight for the Leafs and avenged a 4-3-overtime loss to the Braves the last time the American franchise was in the Heritage City.last_img read more

Read more