(661) 284-1150 | 28368 Constellation Road | # 398 | Santa Clarita, CA 91355

Good home construction news! {Market Report} October 21st

Good home construction news! {Market Report} October 21st
October 21, 2019 abryant

 

 

 

 

If one door closes and another door opens… your house is probably haunted.

I’m having people over to stare at their phones later, if you want to come by…

Instead of LOL it really should be LOLWKASF: Laughing Out Loud While Keeping A Straight Face.

You have never experienced true fear until a poster falls off the wall in the middle of the night.

When I was 16 I worked in a pet store, and they fired me because… they had three snakes in there, and one day I braided them.

 

Now The Market Report . . .

 

Retail sales declined unexpectedly in September, the first time in 7 months. The report could signal the economy is softening, possibly helping keep rates low.

A Phase I trade deal with China was agreed upon, though not yet signed. A finalized deal would eliminate some of the economic uncertainty that has contributed to lower rates..

Jobless claims rose marginally last week, suggesting the labor market remains strong despite an overall slowdown in hiring and prospects of a weaker economy.

 

Home builder confidence surged to the highest level in nearly 2 years in October, attributed mainly to lower mortgage rates bringing in buyers and boosting sales.

Although housing starts fell 9% in Sept., a surge in permits suggests the decline is just a brief pause. Single-family construction rose for the 4th straight month.

The housing market was the bright spot in the Fed’s monthly economic snapshot. The Fed also noted that tight inventory is placing a strain on home sales.

 

“Go as far as you can see; when you get there, you’ll be able to see further.”

Thomas Carlyle

 

This week’s potential market moving reports are:

 

Monday, October 21st:             No Reports

Tuesday, October 22nd:           Existing Home Sales

Wednesday, October 23rd:      MBA Mortgage Applications

Thursday, October 24th:          First Time Jobless Claims, New Home Sales

Friday, October 25th:                Consumer Sentiment

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.