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QUOTE OF
THE WEEK... "The people who get
on in this world are the people who get up and look for the circumstances they
want, and, if they can't find them, make them." --George Bernard Shaw,
Irish playwright and critic
INFO THAT HITS US WHERE WE LIVE... Circumstances in the housing market continue to improve. A National Association of Home Builders (NAHB) report says the U.S. is running at 90% of normal economic and housing activity, based on current employment, home price, and building permit data. The NAHB Chairman feels, "A growing economy and rising consumer confidence should help drive the release of pent-up demand in 2015." Their Chief Economist likes the employment picture, "where the number of metros that reached or surpassed their norms rose by 23." But builders are still behind the curve, as "single-family permits are only at 44% of normal activity."
But mortgage applications are continuing in the right direction: up for the fourth week, according to the Mortgage Bankers Association (MBA) survey for the week ending January 30. A reduction in annual mortgage insurance premiums for FHA loans took effect January 26. In response, FHA purchase loan applications were up 12.4% over the week before, while FHA refinance applications shot up 76.5%. The MBA also saw its Mortgage Credit Availability Index increase in January. A major economic research consultancy reports their "survey evidence shows consumers are increasingly confident that this is a good time to make a home purchase."
BUSINESS TIP OF THE WEEK... In business, big opportunities can come along unexpectedly. But to get the most out of them, you must be prepared. So prepare for the unexpected, every day.
INFO THAT HITS US WHERE WE LIVE... Circumstances in the housing market continue to improve. A National Association of Home Builders (NAHB) report says the U.S. is running at 90% of normal economic and housing activity, based on current employment, home price, and building permit data. The NAHB Chairman feels, "A growing economy and rising consumer confidence should help drive the release of pent-up demand in 2015." Their Chief Economist likes the employment picture, "where the number of metros that reached or surpassed their norms rose by 23." But builders are still behind the curve, as "single-family permits are only at 44% of normal activity."
But mortgage applications are continuing in the right direction: up for the fourth week, according to the Mortgage Bankers Association (MBA) survey for the week ending January 30. A reduction in annual mortgage insurance premiums for FHA loans took effect January 26. In response, FHA purchase loan applications were up 12.4% over the week before, while FHA refinance applications shot up 76.5%. The MBA also saw its Mortgage Credit Availability Index increase in January. A major economic research consultancy reports their "survey evidence shows consumers are increasingly confident that this is a good time to make a home purchase."
BUSINESS TIP OF THE WEEK... In business, big opportunities can come along unexpectedly. But to get the most out of them, you must be prepared. So prepare for the unexpected, every day.
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