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Market Outlook

Scottsdale, Arizona

NAHB: Home Builder Confidence Near 1999 High

NAHB: Home Builder Confidence Near 1999 High
Posted Thursday February 20, 2020 in Market Outlook

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive. Factors…
FOMC Statement: Key Fed Rate Unchanged; Policymakers Monitor Impact of Asian Flu Outbreak

FOMC Statement: Key Fed Rate Unchanged; Policymakers Monitor Impact of Asian Flu Outbreak
Posted Friday January 31, 2020 in Market Outlook

The Federal Open Market Committee of the Federal Reserve issued its scheduled post-meeting statement Wednesday. Policymakers unanimously decided to leave the target federal funds rate range unchanged at 1.50 to 1.75 percent. FOMC members reasserted previous views that inflation was "subdued" and the economy was growing at a moderate pace. The Fed typically bases decisions…
Case-Shiller Reports Growth In Home Prices In November

Case-Shiller Reports Growth In Home Prices In November
Posted Wednesday January 29, 2020 in Market Outlook

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy. Mr. Craig…
FOMC Statement: Fed Holds Steady On Its Interest Rate Range

FOMC Statement: Fed Holds Steady On Its Interest Rate Range
Posted Wednesday December 11, 2019 in Market Outlook

The Federal Open Market Committee of the Federal Reserve announced its unanimous decision not to change to the current target federal funds range of 1.50 to 1.75 percent. The committee’s customary post-meeting statement said the decision not to change the Fed’s target range for federal funds was based on factors including a strong labor market,…
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    Sue Lechman

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