Posted About Seven Years Ago
ECONOMIC NEWS
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The Wall Street Journal
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U.S. home construction lags behind broad economic rebound
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U.S. unemployment is hovering near the lowest level in a decade, jobless claims have reached a 43-year low and home prices have surged to records. But in this eighth year of economic expansion, the number of single-family homes under construction remains at recessionary levels. (Subscription may be required.)
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The Wall Street Journal
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Trump win makes it tricky to foresee path of housing market
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Before the presidential election, economists anticipated the housing market would continue its steady recovery in 2017. Growth in home prices and sales likely would slow after a four-year run-up, but new construction likely would pick up, bringing relief to those struggling to find affordable homes. (Subscription may be required.)
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The New York Times
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Long-term US mortgage rates hit highest levels since 2014
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Long-term US mortgage rates climbed again this week, hitting the highest levels since 2014. Mortgage giant Freddie Mac said Thursday that the rate on 30-year fixed-rate loans jumped to an average 4.30 percent from 4.16 percent last week and the highest since April 2014. The average for a 15-year mortgage rose to 3.52 percent from 3.37 percent last week and highest since January 2014.
HousingWire
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Fannie Mae: Expect modest growth in 2017
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Sentiment may have improved to multiyear highs in the past few weeks, but 2017 will bring only modest growth, according to the Fannie Mae economic and strategic research group's December 2016 Economic and Housing Outlook.
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The Wall Street Journal
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Percentage of young Americans living with parents rises to 75-year high
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Almost 40% of young Americans were living with their parents, siblings or other relatives in 2015, the largest percentage since 1940, according to an analysis of census data by real estate tracker Trulia. (Subscription may be required.)
Business Insider (Reuters)
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Trump's infrastructure-spending plans have a worker problem
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President-elect Donald Trump's drive to rebuild US roads, bridges, ports, and other public-works projects with a $1 trillion infrastructure investment plan would come as the country faces a shortage of skilled laborers.
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The Wall Street Journal
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White House economists spell out the four most stubborn economic challenges
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The White House released Thursday its annual Economic Report of the President, the last such volume produced by the Obama administration. While the nearly 600-page report catalogs what the administration views as its greatest successes, it also neatly frames what White House economists see as the most stubborn challenges facing economic policy.
HOUSING FINANCE
Bloomberg
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How to get the government out of mortgage lending
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One of the least discussed challenges of the incoming Trump administration may also be among the most economically consequential: what to do with Fannie Mae and Freddie Mac, the government-controlled entities that own or guarantee about half of all U.S. home mortgages.
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The New York Times
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Ben Carson's warped view of housing
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Antigovernment ideologues resent the Department of Housing and Urban Development even when they know nothing about it. Ben Carson, Donald Trump's choice to run HUD, is a fine case in point.
DODD-FRANK
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The Wall Street Journal
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A checklist for fixing Dodd-Frank
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The rumor mill suggests that reform of the Dodd-Frank financial law is imminent in the next Congress. It's about time. Despite what some legislators seem to believe, no bill is perfect and Dodd-Frank isn't the New Testament. (Subscription may be required.)
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The Wall Street Journal
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Two Republicans look to write the next Dodd-Frank
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Idaho Republican Sen. Mike Crapo is a rare deal maker who has negotiated across the Capitol's partisan divide. Texas GOP Rep. Jeb Hensarling's record has been defined more by trying to cut government than cutting deals with Democrats. (Subscription may be required.)
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HUD SECRETARY
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The Wall Street Journal
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Why liberals oppose Ben Carson
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Do yourself a favor and hold off on joining the liberal outrage over Donald Trump's cabinet choices -- or at least better understand what's happening. (Subscription may be required.)
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