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Title: The Home Buyer's Korner
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twitter:description: What Home Buyers Need to Know for the Week of Sept 8, 2014 Last week’s housing-related economic news was lite, mostly due to the Labor Day holiday Monday. Tuesday, the U.S. Commerce Department reported Construction Spending for July increased by 1.80 percent, as compared to June’s revised reading of 1.0 percent and expectations of a 1.0 percent increase for the same timeframe. The Federal Reserve released its Beige Book report on Wednesday; the consensus from businesses within the 12 Federal Reserve districts indicated that the economy was strengthening, as well as labor markets.  Noteworthy me mentions were the nation faces a shortage of skilled workers; new  construction and home sales grew modestly and fewer than half of the districts reported growth in real estate activity. The report is consistent with other recent reports of falling home sales, mortgage originations and demand for homes. Bank analysts are saying that lenders remain wary of loosening mortgage credit stand
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Date: Sat, 13 Sep 2014 10:11:20 GMT
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Country: United States
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Report Generated on: 2014-09-13 06:11:22

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