KEY MARKET INDICATORS as of Jan 15, 2019 Single-Family Housing Starts – Time for Change With the ongoing government shutdown, data on December housing starts and new home sales will likely be delayed. According to analyst reports, single-family housing starts were likely down by around 15% year over year in December on top of a […]
Author Archive for: Tian.Liu
About Tian Liu
Tian Liu is the Chief Economist at Genworth Mortgage Insurance, responsible for tracking U.S. and regional economic trends. He also authors the company’s Weekly Economic Report, and provides regular updates on U.S. and regional economies, as well as the housing and mortgage market.
Mr. Liu began his economics career in the Australian Treasury Department in 1997. He started covering the U.S. housing market with Cemex in 2007, where he was the Director of Economics responsible for economics and housing market analysis supporting the senior management of Cemex U.S. operations. He was hired by Owens Corning to lead its economics team in 2011. Mr. Liu joined Genworth Mortgage Insurance as its Chief Economist in 2014.
Mr. Liu has a Masters in Economics from the University of Chicago and an undergraduate degree in Economics from the Australian National University. He resides in Raleigh, North Carolina, with his wife and two children.
Entries by Tian Liu
KEY MARKET INDICATORS as of Jan 04, 2019 December Job Market Report The U.S. job market showed remarkable strength at the end of 2018, adding 312,000 jobs in December. The job market is at full employment, with the overall unemployment rate unchanged at 3.9% – close to its lowest level since 1969. Job growth has […]
The Seventh Edition of the First-Time Homebuyer Market Report In the third quarter, the housing market experienced a moderate but broad slowdown. The slowdown resulted in lower sales of new and existing homes, a slight increase in housing inventory and supply, lower growth in new single-family home construction, and slower home price growth. This quarter’s report […]
KEY MARKET INDICATORS as of Nov 05, 2018 October Job Market Report Shows Wage Growth The U.S. job market rebounded in October, adding 250,000 jobs. The job market is at full employment, with the overall unemployment rate unchanged at 3.7% – its lowest level since 1969. Job growth has re-accelerated this year, despite low unemployment […]
KEY MARKET INDICATORS as of Oct 23, 2018 September Housing Starts, Existing Home Sales The housing market is undergoing a period of adjustment as interest rates have increased. Looking at the September housing starts, most of the adjustment is taking place in the multi-family market, where starts have pulled back from around 400,000 units (seasonally […]
KEY MARKET INDICATORS as of Oct 05, 2018 September Jobs Report The U.S. job market added 134,000 jobs in September, the smallest gain since last September. The job market is at full employment, with the overall unemployment rate falling to 3.7% – its lowest level since 1969. Despite such low unemployment rate, job growth has […]
KEY MARKET INDICATORS as of Oct 01, 2018 August Housing Market Update Homebuilding activity recovered in August. Housing starts increase by 108,000 units, or 9% from the revised July figure, to a seasonally adjusted annual rate of 1.28 million units. The recovery in August was led by the multi-family segment, which reported a 27% increase […]
KEY MARKET INDICATORS as of Sept 10, 2018 August Jobs Report The U.S. economy continued to perform well in August, adding 201,000 jobs. The job market is at full employment, with the overall unemployment rate stabilizing at 3.9% since April. The tax cut helped to boost job growth in 2018, with the economy adding an average […]
KEY MARKET INDICATORS as of Sept 4, 2018 July Home Sales Existing home sales reported a seasonally adjusted annual rate of 5.34 million units in July, a decrease of 0.7% from the June figure. The lack of inventory is one reason for slowing home sales. The inventory level decreased by less than 1% to 1.92 […]
Genworth Releases Sixth Report Edition to Track the Entire First-Time Homebuyer Market Released August 28, the First-Time Homebuyer Market Report for the second quarter of 2018 marks the sixth edition and the only economic series that focuses on the entire first-time homebuyer market. Below, I will highlight a few trends discussed in my report, and […]