Stories I recommend today
Lorraine Woellert has identified the primary inhibitor of home ownership in this country.
Important chart from Zillow economics team.
Originations linkfest 1/10/16: age of homes by state, how U.S. jobs are counted, new home sales up 5th year, top 50 mortgage firms, and more.
This newer indicator, the LMCI, tells us more than monthly unemployment reports.
156k nonfarm jobs added, unemployment 4.7%.
Report by Harvard/Princeton economists says most U.S. employment growth from 2005 to 2015 is in alternative work arrangements.
Today’s fundamentals: Job Openings & Labor Turnover Survey (JOLTS) shows a lot of unfilled job openings. Also mortgage refi app data terrible–severely impacted by higher rates.
Today’s fundamentals: BLS jobs report
Initial Jobless Claims (week ended 11/5/2016) – New Claims seasonally adjusted Level 254,000. Previous was 265,000 – New Claims unadjusted, totaled 257,973 an increase of 13,031 from previous – 4-week Moving Average 259,750. Previous was 258,000 The story remains that while the overall jobs market when adjusted for expanding population is flat, employers are