KEY MARKET INDICATORS as of August 15, 2017 July Jobs Report The job market continued to grow in July. Employers added 209,000 jobs over the month. The unemployment rate fell slightly to 4.3%, the lowest level since early-2001. Wage growth remained slow at just 2.5% despite the economy being at full employment. Job growth was […]
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 Aug 01, 2017 June New Home Sales, Q2 Homeownership Rate New home sales increased by 0.8% in June to a seasonally adjusted annual rate (SAAR) of 610,000 units. During the first half of the year, new home sales had an annualized run rate of 607,000 units, which was an increase […]
KEY MARKET INDICATORS as of July 24, 2017 June Housing Starts, Existing Home Sales Housing starts rebounded in June to a seasonally adjusted annual rate (SAAR) of 1.215 million units, an 8.3% increase from the revised May figure. The increase was due to higher starts in both the single-family (up 6.3% m/m) and the apartment […]
KEY MARKET INDICATORS as of July 18, 2017 Q1 State Economic and Housing Conditions The West Coast and the Southeast out-performed the rest of the country in both job and earnings growth during Q1. The Midwest and parts of the Northeast reported weaker job growth. Average earnings growth differed significantly across the country. It was […]
KEY MARKET INDICATORS as of July 10, 2017 June Jobs Report The job market rebounded in June and job growth for the previous two months were revised higher. Employers added 222,000 jobs over the month. The unemployment rate rose slightly to 4.4% as more potential workers entered the labor force. The one disappointment is that […]
KEY MARKET INDICATORS as of June 27, 2017 May Home Sales Existing Home Sales – Existing home sales increased 1.1% m/m to a seasonally adjusted annual rate of 5.62 million units in May. Compared to 12 months ago, existing home sales were up 5.7%. We believe that a growing first-time homebuyers market and high turnover […]
KEY MARKET INDICATORS as of June 12, 2017 First-Time Homebuyer Market First-Time Homebuyer Market – Genworth Mortgage Insurance released the inaugural First-Time Homebuyer Market Report last week. It is the only report to estimate the entire first-time homebuyer market (how many single-family homes are sold to first-time homebuyers), and is based on 20.1 million mortgage […]
Introducing Genworth’s First-Time Homebuyer Market Report I am pleased to introduce Genworth Mortgage Insurance’s new First-Time Homebuyer Market Report (See Fact Sheet, Full Report), the first economic series focused on first-time homebuyer market size. It answers the question – how many homes are sold to first-time homebuyers in a given quarter? Using more than 20 […]
KEY MARKET INDICATORS as of May 23, 2017 April Housing Starts, New Home Sales Housing Starts – Housing starts slowed in April to a seasonally adjusted annual rate (SAAR) of 1.17 million units, a 2.6% decrease from March. The decrease was due to lower starts in the apartment housing segment, which was down by 9.6%. […]
KEY MARKET INDICATORS as of May 09, 2017 April Jobs Report Summary – The job market rebounded in April. Employers added 211,000 jobs over the month, driving the overall unemployment rate to 4.4% – its lowest level since May 2007. In the last economic cycle, unemployment rate never went below this level. One would have […]
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