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%. […]
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 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 […]
Key Market Indicators as of May 01, 2017 March Home Sales, Q1 Mortgage Origination Volume New Home Sales –New home sales increased 5.8% m/m to a seasonally adjusted annual rate of 621,000 units in March, and was significantly above the pre-release consensus. Compared to 12 months ago, new home sales were up 16%. Strong demand from […]
KEY MARKET INDICATORS as of Apr 24, 2017 March Home Sales Existing Home Sales – Existing home sales increased 4.4% m/m to a seasonally adjusted annual rate of 5.71 million units in March, which was the fastest pace since February 2007. Compared to 12 months ago, existing home sales were up 8.3%. We believe that […]
KEY MARKET INDICATORS as of Apr 18, 2017 March Housing Starts, Q1 Mortgage Origination Housing Starts – Housing starts slowed in March to a seasonally adjusted annual rate of 1.215 million units, a 7% decrease from February. February was one of the strongest months for housing starts since 2007, so some pullback was to be […]
KEY MARKET INDICATORS as of Apr 10, 2017 March Jobs Report Summary – The job market continued to tighten in March, driving the overall unemployment rate to 4.5% – its lowest level since May 2007. But beyond unemployment rate, the March jobs report was weaker-than-expected in both the number of jobs created and wage growth. […]
In last week’s economic commentary, I discussed the latest population estimate for the 380 metropolitan areas from the Census Bureau. In 2016, close to 280 million people, or almost 90% of the U.S. population, lived in these large population centers. For all practical purposes, most of the economic activities in the U.S. are happening in these large […]
KEY MARKET INDICATORS as of April 3, 2017 Population Growth and Home Price Appreciation 2016 Population Growth – According to the latest estimates from the Census Bureau, 277.1 million people lived in the nation’s metropolitan areas in 2016, which is an increase of 2.3 million (0.8%) from 2015. The nation’s population continued to migrate from […]
KEY MARKET INDICATORS as of Mar 27, 2017 February Home Sales Existing Home Sales – After reaching the highest level in 10 years in January, existing home sales declined 3.7% m/m to a seasonally adjusted annual rate of 5.48 million units in February. Nationally, existing home sales were flat from a year ago. Housing inventory […]
KEY MARKET INDICATORS as of March 20, 2017 Fed Raises Rates, February Housing Starts. Federal Reserve Meeting – The Federal Reserve raised short-term interest rates up by 25 basis points (bps) to 0.75-1% at its March meeting. But the key takeaway from the meeting is that the Fed does not see a need to accelerate the […]
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