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Tag Archives: GDP

Fannie Maintains Lukewarm Housing Forecast

An upward revision in GDP growth for the second quarter bolstered optimism at Fannie Mae for the rest of the year's economic track. The mortgage giant's Economic and Strategic Research Group put out its newest outlook on Tuesday, calling for accelerated growth following the most recent news of 4.2 percent annualized GDP growth in the year's second quarter. On the other hand, the housing market is still struggling to find any real traction.

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Forecast Still Positive for Economic, Housing Growth

UCLA Anderson Forecast's third quarterly report of 2014, released Thursday, points to real GDP growth of about 3 percent over the next two years, following last year's full-year growth of 1.9 percent. Though housing has struggled to keep up its momentum so far this year, the market is still expected to fuel economic growth.

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Report: Mixed Housing, Economic Picture in Alabama

While the state of Alabama has been slow to recover economically since the recession officially ended five years ago, the housing market's recovery in the state has struggled along with the rest of the nation so far this year, according to a commentary from Wells Fargo's Economics Group.

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Second-Quarter GDP Growth Revised Upward

The Bureau of Economic Analysis (BEA) reported that gross domestic product (GDP) grew last quarter at an annualized rate of 4.2 percent, a little bit better than the 4.0 percent growth originally recorded in last month's initial estimate. Economists had expected no change from the first report.

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Despite Struggles, High Hopes for Colorado’s Housing

Colorado's unemployment rate dropped to 5.3 percent in July, and the state's real gross domestic product (GDP) grew at a rate of two points faster than the national average in 2013, according to a recent report from Wells Fargo's Economics Group. Where housing recovery is concerned, however, Colorado's struggles mirror those of the country as a whole, according to Wells Fargo.

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Freddie Mac: Clearer Path Ahead for Housing

After half a year of failed predictions and slow starts, the U.S. economy actually appears to be closing in on normal, at least according to Freddie Mac. Freddie's latest Economic and Housing Market Outlook shows that the agency expects to see the U.S. housing market driven once again by fundamentals—jobs, household formations, and affordability—rather than economic upheaval.

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Fed to Cut Monthly Bond Purchases to $25B

Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction. In a statement released following its July meeting, the Federal Open Market Committee announced it has voted to bring its purchases of agency MBS and longer-term Treasury securities to a pace of $25 billion per month.

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GDP Growth Climbs to 4.0% in Q2

The U.S. economy experienced a sharp turnaround from the first quarter to the second, fueling hopes of a rebound as the rest of the year plays out. Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the second quarter of the year, according to an advance estimate released by the Commerce Department. Growth came in at the high end of a survey of economists, with the consensus forecast calling for an increase of 3.1 percent.

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2014 Expected to See Slowest Growth Since Start of Recovery

Despite an anticipated pickup in economic growth and housing recovery in the second half of this year, Fannie Mae expects the economy to grow at just 1.5 percent overall this year. Fannie revised its previous estimate of 2.1 percent growth for 2014 after a disappointing start to the year.

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Consumer Sentiment Slips in First July Reading

The Thomson Reuters/University of Michigan Index of Consumer Sentiment measured 81.3 in its first July reading, falling more than a point from its final June reading of 82.5. Analysts surveyed before Friday's release had predicted the index would climb up slightly to 83.

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