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 Apr 29, 2019 March Housing Starts, Home Sales, Home Prices The housing market data released in the past two weeks provided mostly positive news about the market going into the home selling season. Both existing home sales and new home sales suggest that potential homebuyers are back in the market, […]
KEY MARKET INDICATORS as of April 16, 2019 Slower Home Price Growth – Case-Shiller Edition The slowdown in the housing market in the second half of 2018 saw many potential buyers staying on the sidelines. The remaining buyers had a wide selection of homes to choose from and more leverage over sellers. As a result, […]
KEY MARKET INDICATORS as of Apr 08, 2019 March Job Market Report The U.S. job market rebounded in March after a disappointing February, adding 196,000 jobs. In the first quarter, job growth averaged 180,000 a month, which is well-below last year’s pace, but similar to the pace of job growth in 2016 and 2017. The […]
KEY MARKET INDICATORS as of Apr 02, 2019 New Home Sales, Market Expectation of Fed Funds Rate New Home Sales: Sales of new single-family homes increased 4.9% to a seasonally adjusted annual rate of 667,000 in February, the highest level since last March. Compared to a year ago, new home sales were up 3.7% in […]
KEY MARKET INDICATORS as of Mar 25, 2019 Fed Policy, Existing Home Sales Fed Halts Rate Hikes: The Federal Reserve kept the policy rate unchanged at a range between 2.25 and 2.5% this week, and indicated that the rate will likely not change “for some time.” Concerns about the slowing U.S. economy and volatility in financial […]
KEY MARKET INDICATORS as of Mar 19, 2019 Job Openings and Labor Market Turnover, New Home Sales Job Market: The Job Openings and Labor Market turnover Survey shows a very tight labor market in January. The tighter labor market has created more opportunities for people looking for work. There were 7.6 million job openings in […]
KEY MARKET INDICATORS as of Mar 11, 2019 Job Market Report (Feb), Housing Starts (Jan) Job Market: The U.S. job market added just 20,000 jobs in February, its slowest pace since September 2017. However, the labor market continued to be tight, with the unemployment rate falling from 4% to 3.8%. Wage growth continued to accelerate […]
KEY MARKET INDICATORS as of Mar 04, 2019 GDP (Q4), Housing Starts, FHFA Home Price Index, Homeownership Rate GDP: Sequentially, GDP grew by 2.6% (annualized) in Q4. But the 3.1% y/y growth rate shows that the economy continued to grow faster than expected. Housing Starts: Homebuilders reduced the number of new homes started in December […]
The Eighth Edition of the First-Time Homebuyer Market Report The housing market slowdown intensified in Q4, resulting in bigger declines in home sales, a larger increase in housing inventory and supply, lower growth in new single-family home construction, and slower home price growth. This quarter’s report shows that, while not immune to the slowdown, the first-time […]
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