Reporter overall, homes sales are up more than 10 over last year. And builders are picking up the pace. They are now on track to build around 900,000 homes this year, but by the end of the year, the National Association of realtors expects the pace to pick up to an annual rate of 1. 1 million starts. Thats great, but keep in mind a normal year for Home Construction is closer to 1. 8 million. The outlook for apartments and other multifamily construction is also good, even though those starts dropped last month. Rents rose 4. 5 last year and researchers at zillow expect a similar increase this year. Thats why investors are pouring into the market and building new apartments. Assuming you can buy the property cheaply or build it cheaply and rent it out, then you seeing 4. 5 growth in your top line numbers for what you are able to rent it out for looks attractive. Reporter but the outlook varies depending on where you live and how strong the job market is in your area. The market will be u
Stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. The fed has been buying 85 billion of Mortgage Backed securities and treasuries every month to pump up the economy. Heres what those fed minutes revealed many policymakers voiced concerns about potential costs and risks from more bond buying. Others said that the easymoney policies might encourage excessive risktaking and that could have adverse consequences for Financial Stability policymakers also noted positive developments in the economy, as more businesses are optimistic about the economic outlook. Nervousness about the feds next moves pulled down stocks the dow lost 108 points, closing below the 14,000 level. The nasdaq was down about 50, the s p lost 19 points. Tom before the Federal Reserves notes on its last meeting were released this afternoon, we saw a mixed report on the housing market. Constructi
Reporter overall, homes sales are up more than 10 over last year. And builders are picking up the pace. They are now on track to build around 900,000 homes this year, but by the end of the year, the National Association of realtors expects the pace to pick up to an annual rate of 1. 1 million starts. Thats great, but keep in mind a normal year for Home Construction is closer to 1. 8 million. The outlook for apartments and other multifamily construction is also good, even though those starts dropped last month. Rents rose 4. 5 last year and researchers at zillow expect a similar increase this year. Thats why investors are pouring into the market and building new apartments. Assuming you can buy the property cheaply or build it cheaply and rent it out, then you seeing 4. 5 growth in your top line numbers for what you are able to rent it out for looks attractive. Reporter but the outlook varies depending on where you live and how strong the job market is in your area. The market will be u
That question was intensely debated at the Central Banks policy meeting in january according to the minutes released today. Stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. The fed has been buying 85 billion of Mortgage Backed securities and treasuries every month to pump up the economy. Heres what those fed minutes revealed many policymakers voiced concerns about potential costs and risks from more bond buying. Others said that the easymoney policies might encourage excessive risktaking and that could have adverse consequences for Financial Stability policymakers also noted positive developments in the economy, as b reesmoinarusse more businesses are optimistic about the economic outlook. Nervousness about hes dtfe nexe dow lost 108 points, closing below the 14,000 level. The nasdaq was down about 50, the s p lost 19 points. Tom before the Federal Reserves
According to the minutes released today. Stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. The fed has been buying 85 billion of Mortgage Backed securities and treasuries every month to pump up the economy. Heres what those fed minutes revealed many policymakers voiced concerns about potential costs and risks from more bond buying. Others said that the easymoney policies might encourage excessive risktaking and that could have adverse consequences for Financial Stability policymakers also noted positive developments in the economy, as more businesses are optimistic about the economic outlook. Nervousness about the feds next moves pulled down stocks the dow lost 108 points, closing below the 14,000 level. The nasdaq was down about 50, the s p lost 19 points. Tom before the Federal Reserves notes on its last meeting were released this afternoon, we saw a mixed