Story continues below advertisement“A prolonged period of lower mortgage rates has perhaps finally encouraged prospective homebuyers to get off the sidelines,” said John Pataky, executive vice president at TIAA Bank in Jacksonville, Florida. “I’d like to see a couple more months of data like this before I’m convinced the market’s fortunes have really changed.”
Economists and builders had blamed the lacklustre performance on land and labour shortages. A survey on Tuesday showed confidence among home builders edged up in September, with builders reporting solid demand for homes.Builders, however, said they “continue to grapple with ongoing supply-side challenges that hinder housing affordability, including a shortage of lots and labour.” They also noted that the U.S.
Residential investment has contracted for six straight quarters, the longest such stretch since the 2007-2009 recession. The Atlanta Fed is forecasting gross domestic product to rise at a 1.8 per cent annualized rate in the third quarter. The economy grew at a 2.0 per cent rate in the April-June quarter, decelerating from the first quarter’s 3.1 per cent pace.
globebusiness Trump!
globebusiness And Trump will take all the credit.
globebusiness I LOVE U AMERICA.&CANADA
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U.S. House Judiciary Committee to hold first impeachment hearingCorey Lewandowski, Trump’s outspoken former campaign manager, is scheduled to appear Tuesday to discuss the report by former special counsel Robert Mueller
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