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 […]
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 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 […]
KEY MARKET INDICATORS as of Aug 21, 2018 July Housing Starts Homebuilding activity moved sideways in July after a sharp pullback in June. Compared to June, July housing starts increased by less than 1 percent to a seasonally adjusted annual rate of 1.17 million units. Both single-family and multi-family starts increased by around 1 percent […]
KEY MARKET INDICATORS as of July 30, 2018 Q2 GDP, Homeownership Rate, New Home Sales The U.S. economy grew at an annualized rate of 4.1% in the second quarter. That is the fastest pace since the third quarter of 2014. The economy benefited from strong growth in consumer spending and business investments. It was driven […]
KEY MARKET INDICATORS as of Jul 23, 2018 June Housing Starts, Existing Home Sales Homebuilding activity in June slowed sharply. June housing starts show a decrease by 164,000 units or 12% from the revised May figure to a seasonally adjusted annual rate of 1.17 million units. Both single- and multi-family reported double-digit declines. Single-family housing […]
KEY MARKET INDICATORS as of Jul 16, 2018 June Jobs Report, Inflation The U.S. job market had another strong month in June, adding 213,000 jobs. The job market is at full employment, with the overall unemployment rate rising to 4% – as more job seekers joined the labor force. Despite the low unemployment rate, job […]
KEY MARKET INDICATORS as of Jun 26, 2018 May Housing Starts and Home Sales Homebuilding activity picked up in May. Homebuilders reported housing starts at a seasonally adjusted annual rate of 1.35 million units in May, an increase of 64,000 units or 5% from the revised April figure. That was the highest level for housing […]
KEY MARKET INDICATORS as of Jun 18, 2018 Q1 State Economic and Housing Market Conditions Most states reported moderate year-over-year job growth during Q1, which is positive given that most states are already at full employment. Job growth remained the strongest in the West, in the Southeast, and in Texas. Utah, Colorado, Nevada, and Washington […]
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