Home >> Author Archives: Mark Lieberman (page 3)

Author Archives: Mark Lieberman

Mark Lieberman is the former Senior Economist at Fox Business Network. He is now Managing Director and Senior Economist at Economics Analytics Research. He can be heard each Friday on The Morning Briefing on POTUS on Sirius-XM Radio 124.

Revised Q2 GDP Shows Unexpected Strength

Second quarter growth was calculated at a seasonally adjusted annual 2.5 percent rate, a sharp increase from the 1.7 percent initially reported for gross domestic product (GDP), the broadest measure of the nation's economy, a month ago.

Read More »

Higher Rates, Prices Push Pending Sales Down

Responding to higher mortgage rates and higher prices, the National Association of Realtors' (NAR) Pending Home Sales Index (PHSI) slipped 1.3 percent in July--the steepest decline this year--to 109.5, the group reported Wednesday. Economists had expected the index for July would drop to 109.8, which would have been a 1.0 percent decline from June's 110.9. Despite the month-over-month decline, July's PHSI is up 6.7 percent over the same month last year.

Read More »

July New Home Sales Plunge to 9-Month Low

The seasonally adjusted annual rate of new home sales dropped a stunning 13.4 percent to 394,000 in July. Economists surveyed by Bloomberg expected June sales to drop to 487,000 from June's originally reported 497,000. June sales were revised to 455,000. The report for July showed a slight shift to higher-priced homes as houses priced at $500,000 or more accounted for 11 percent of July sales, up from 9 percent in June. Homes priced at $300,000 or less represented 62 percent of all July sales, down from 64 percent in June.

Read More »

First-Time Jobless Claims Remain at Pre-Recession Low

Unemployment

First-time claims for unemployment insurance for the week ending August 17 rose 13,000 to 336,000, the Labor Department reported Thursday. Economists expected the number of claims to rise to 330,000 from the 320,000 originally reported for the week ending August 10. The number of filings for that week was bumped up to 323,000.

Read More »

Commentary: Summers Time?

The choice of the new Fed chair takes on added significance given the Fed's relationship with the Consumer Financial Protection Bureau.

Read More »

August Builder Confidence Up, Reaches Record High in Midwest

The National Association of Home Builders' (NAHB) Housing Market Index (HMI)--a measure of builder confidence--increased again in August, climbing three points to 59, its highest reading since November 2005, the group reported Thursday. The index has improved 15 points (34 percent) in the last three months. Economists had expected the August index to slip to 56 from July's originally reported 57. The strong August numbers--following the strong June and July reading--gave further evidence to a recovery in the housing sector.

Read More »

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.