Entries by Tian Liu

Weekly Economic Report 6.12.2017

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 […]

First-Time Homebuyer Market Report 06.17

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 […]

Weekly Economic Report 5.23.17

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%. […]

Weekly Economic Report 5.09.17

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 […]

Weekly Economic Report 5.01.17

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 […]

Weekly Economic Report 4.25.17

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 […]

Weekly Economic Report 4.17.17

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 […]

Weekly Economic Report 4.10.17

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. […]

Population Growth and Housing

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 […]

Weekly Economic Report 4.03.17

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 […]