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Category: Economy

Construction

Construction spending falls 1.8 percent in June

INGTON (AP) — U.S. construction spending fell in June by the largest amount in more than three years as housing, non-residential construction and government spending all weakened. Construction spending dropped 1.8 percent in June on a seasonally adjusted basis after…

Utah Real Estate

What To Expect From Housing In The Second Half Of 2014

If the housing market was in overdrive for much of 2013, during the first half of 2014 it hit the metaphorical brakes. Winter storms across the nation contributed to sluggish sales during the first quarter, while rising mortgage rates and…

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Interactive Map: Where Can Renters Afford to Own?

According to a new Joint Center blog and interactive map, in 42 of 85 U.S. metros, more than half of renters aged 25-34 (those most likely to become first-time homebuyers) can afford the monthly costs of homeownership.  Read the blog…

Utah Land

Market Boosted by Sagging Feed Costs, Jump in Beef Prices By: Kelsey Gee U.S. live-cattle futures ended Tuesday at all-time peaks, lifted by sagging feed costs, which can encourage people who raise and feed cattle to bid more aggressively for…

Utah Landowners

Homebuilder confidence increases to six-month high

As reported by Bloomberg. WASHINGTON – Confidence among U.S. homebuilders rose more than forecast in July, reaching the highest level in six months, as growing payrolls brightened the outlook after a shaky first half. The National Association of Home Builders/Wells…

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U.S. Economic Confidence Dips Slightly to -18

WASHINGTON, D.C. — Gallup’s U.S. Economic Confidence Index dropped slightly to -18 last week, a level not seen since March. It registered at -16 for the three weeks prior, but had reached as high as -13 in early June. Economic…

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The Economic Impact of the Affordable Housing Credit

In addition to ensuring the supply of affordable rental housing, the Low-Income Housing Tax Credit (LIHTC) supports jobs and provides benefits to the economy. Using the NAHB economic impact model of home building, revised industry estimates reveal that the LIHTC…

Utah Landowners

Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month…

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Builders Sentiment Recovers

The NAHB/Wells Fargo Housing Market Index for June rose four points to 49, just shy of the 50 mark indicating at least as much optimism as pessimism among single-family home builders. The index dipped 10 points to 46 in February…