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November Housing Starts decline | Holiday traveling to increase in 2014 from 2013 | Holiday spending to increase

Tuesday – December 16

Groundbreaking for construction of new homes eased from October to November according to the Commerce Department on Tuesday. Housing Starts fell by 1.6% last month from the previous month to an annual rates of 1.03 million units from the 1.05 million recorded in October and below the 1.04 million expected. 204 more words

Mortgage & Market News

USDCHF: Hovering at the 50-day moving average

The US Manufacturing was the key driver with big gains this month and an upward revision in October. Industrial production climbed up to 1.3% in November as October’s initially reported decline was reversed to a slight gain. 142 more words

Technical Analysis

Signs of Recovery: Washoe County Building Permits Are On the Rise

Even before Tesla announced it will build a giga-factory in Storey County, creating as many as 6,500 direct jobs and possibly 16,000 indirect jobs (according to a report by the Governor’s Office for Economic Development), Washoe County’s real estate market was showing signs of recovery.  802 more words

Economic Indicators

Housing starts decline | Home purchase mortgage applications surge | Average consumer to spend to spend a bit over $2,000 this holiday season

Wednesday – November 19

The government reported mixed housing news on Wednesday stating that October Housing Starts declined by 2.8% from September to an annual rate of 1.01 million units. 203 more words

Mortgage & Market News

Ventura Lawmakers Consider Building Moratorium Amid Drought Conditions

VENTURA (CBSLA.com) — Faced with drought conditions, the Ventura City Council is considering a controversial ban on all new construction and new hook-ups to the water system. 228 more words