Market Outlook

17
Jul
2019

NAHB: Housing Market Index Rises 1 Point in July

CBC National Bank Market Outlook 0 Comment

Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July’s Housing Market Index reading of 65 was one point higher than June’s reading.

27
Jun
2019

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

CBC National Bank Market Outlook 0 Comment

Case-Shiller’s 20-City Home Price Index for April showed further declines in home price growth with 2.50 percent year-over-year home price growth as compared to March home price growth of 2.60 percent. New York City home prices held steady month-to-month and Seattle, Washington’s home prices were unchanged year-over-year after posting 13 percent home price growth in 2018.

25
Jun
2019

Fed Holds Key Rate Steady As It Watches Economic Trends

CBC National Bank Market Outlook 0 Comment

Federal Reserve policymakers held the federal funds rate at its current range of 2.25 to 2.50 percent. Analysts speculated that the Fed may lower its key rate based on signs of slowing economic growth and the President’s encouragement to lower the Fed rate.

20
Jun
2019

NAHB: Builder Confidence Slips in June

CBC National Bank Market Outlook 0 Comment

Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June’s index reading was 64, which indicates strong sentiment among home builders for current housing market conditions.

29
May
2019

Case-Shiller: Home Price Growth Slows in March

CBC National Bank Market Outlook 0 Comment

Case-Shiller Indices reported slower home price growth in March with a 3.70 percent gain year-over-year as compared to 3.90 percent home price growth for the year-over-year period in 2018. This was the slowest pace of home price growth in seven years.

16
May
2019

NAHB: May Home Builder Confidence Hits Highest Level in 7 Months

CBC National Bank Market Outlook 0 Comment

The National Association of Home Builders reported the highest builder confidence reading in seven months for May. May’s reading exceeded expectations for an index reading of 64 and rose three points to 67.

02
May
2019

FOMC Statement: No Changes to Key Fed Rate

CBC National Bank Market Outlook 0 Comment

The meeting of the Federal Reserve’s Federal Open Market Committee ended Wednesday with the Committee’s customary post-meeting statement recapping monetary policy matters considered by the Committee. Members voted not to change the current target rate range of the federal funds rate. The current rate range of 2.25 percent to 2.50 percent.

18
Apr
2019

NAHB: Home Builder Confidence Rises in April

CBC National Bank Market Outlook 0 Comment

Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions.

26
Feb
2018

What’s Ahead For Mortgage Rates This Week – February 26th, 2018

CBC National Bank Market Outlook 0 Comment

Last week’s economic releases included minutes from the most recent FOMC meeting, a report on January sales of pre-owned homes and weekly readings on mortgage rates and new jobless claims.

12
Feb
2018

What’s Ahead For Mortgage Rates This Week – February 12th, 2018

CBC National Bank Market Outlook 0 Comment

Jerome “Jay” Powell was sworn in as Chair of the Federal Reserve amidst wild fluctuations in U.S. stock markets. Analysts attributed sliding stock prices to fears over inflation.

NAHB: Housing Market Index Rises 1 Point in July

Case-Shiller: Annual Home Price Growth Slows for 13th Consecutive Month

Fed Holds Key Rate Steady As It Watches Economic Trends

NAHB: Builder Confidence Slips in June

Case-Shiller: Home Price Growth Slows in March

NAHB: May Home Builder Confidence Hits Highest Level in 7 Months

FOMC Statement: No Changes to Key Fed Rate

NAHB: Home Builder Confidence Rises in April

What’s Ahead For Mortgage Rates This Week – February 26th, 2018

What’s Ahead For Mortgage Rates This Week – February 12th, 2018

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