More Builder Results (updated table)

Posted April 30, 2015 / No comments

Housing economist Tom Lawler sent me this updated table of builder results for Q1. For these seven builders, net orders were up 19.9% year-over-year.  Although cancellations are handled differently, this is about the same year-over-year increase for Q1 as for New Home sales as reported by the Census Bureau. The average closing price is only

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Stress Test Shows Fannie-Freddie Would Need Bailout in Downturn

Posted April 30, 2015 / No comments

Stress Test Shows Fannie-Freddie Would Need Bailout in Downturn Bloomberg Fannie Mae and Freddie Mac could require an additional bailout of as much as $157.3 billion in a deep recession, according to the results of stress tests released by the regulator for the U.S.-owned companies. The two mortgage-finance giants, which have … and more »…(read more) Forward

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