The National Association of Home Builders (NAHB) has conducted its Housing Market Index (HMI), which it produces in conjunction with Wells Fargo, for the past 30 years. The HMI is derived from new-home builder survey responses which in July reported an utterly static outlook. "For the past six months, builder confidence has remained in a … [Read more...]
Archives for July 2016
The Fed’s Possible Interest Rate Increase
The Federal Reserve's path to a rate increase is a treacherous one: a path paved with easy money from other global central banks and lined with a gauntlet of possible hazards. The markets may not believe the Fed will actually raise interest rates this year, but it may surprise them with at least one hike late in the year. In fact, there could be … [Read more...]