1// API callback 2w2bAdvRecentPostsScrollerv3({"version":"1.0","encoding":"UTF-8","feed":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$openSearch":"http://a9.com/-/spec/opensearchrss/1.0/","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261"},"updated":{"$t":"2024-10-02T12:02:29.273-06:00"},"title":{"type":"text","$t":"CP Capital Solutions \/ CP Real Estate Funding Solutions \/ CP Construction Funding Solutions"},"subtitle":{"type":"html","$t":"Business Financing, Real Estate Financing, Micro-Business Loans, Personal Loans, Agriculture Financing, Land Loans, End Loans, Hard Money, Merchant Financing, Cash Flow Financing, Note Buyers. Commercial and Residential Construction Financing."},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/posts\/default"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default?alt=json-in-script\u0026max-results=10"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"},{"rel":"next","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default?alt=json-in-script\u0026start-index=11\u0026max-results=10"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"7092"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"10"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-5223666966528543863"},"published":{"$t":"2021-12-23T10:48:00.001-07:00"},"updated":{"$t":"2021-12-23T10:48:27.202-07:00"},"title":{"type":"text","$t":"Consumer confidence: Omicron plays holiday Grinch"},"content":{"type":"html","$t":"\u003Cp\u003EAlthough consumers were slightly more optimistic about economic \nconditions in the December survey, nearly all the data were collected \nprior to the rapid spread of Omicron in the U.S., according to the \nUniversity of Michigan Surveys of Consumers.\u003C\/p\u003E\n\u003Cp\u003EWhile it is likely that confidence will decline in the month ahead, \nit is simply too early to judge the eventual impact of Omicron on \nprices, incomes and employment, said U-M economist \u003Ca href=\"https:\/\/www.src.isr.umich.edu\/people\/richard-curtin\/\"\u003ERichard Curtin\u003C\/a\u003E,\n director of the surveys. The most positive change recorded in December \nwas that the gain was entirely due to rising optimism among households \nin the bottom third of the income distribution.\u003C\/p\u003E\n\u003Cp\u003ETheir renewed optimism was due to higher expected income gains during\n 2022, Curtin said. Those anticipated gains may be vulnerable to the \nimpact of the rapidly spreading Omicron variant on hours worked, he \nsaid.\u003C\/p\u003E\n\u003Cp\u003EMoreover, inflation has already eroded living standards, with lower \nincome households suffering the biggest relative setbacks. Declining \ninflation-adjusted incomes, lower savings balances and potential \npost-holiday spending cutbacks are likely to slow the pace of growth in \nthe overall economy in the first half of 2022, according to Curtin.\u003C\/p\u003E\n\u003Cp\u003EâThe best news was the anticipated growth in incomes among households\n in the bottom third of the distribution,â he said. âIt was due to a \n5.9% boost in 2022 Social Security payments as well as higher expected \nincome gains among the youngest workers.\u003C\/p\u003E\n\u003Cp\u003EâUnfortunately, the extremely regressive nature of inflation has also\n meant that even these gains will leave these households without \ninflation-adjusted
2income gains. Moreover, Omicron is likely to continue\n to put upward pressure on prices as well as weaken the pace of economic\n growth. The Fed must rebalance policies to both reduce inflationary \npressures and to counter any overall weakness in the economy.â\u003C\/p\u003E\n\u003Ch3\u003ELarger income gains expected by bottom third\u003C\/h3\u003E\n\u003Cp\u003EIncomes among the bottom third were expected to rise by 2.8% in 2022,\n up from 1.8% last December, and the highest level since 2.9% was \nrecorded in 1999. There have only been five surveys in the past half \ncentury that income expectations among low-income households have \nexceeded the December level.\u003C\/p\u003E\n\u003Cp\u003EThe announced increase in Social Security payments of 5.9% in 2022 \nwas partly responsible for the gain as well as the expected wage \nincreases among the youngest workers of 5.0%, Curtin said. \nUnfortunately, he said, these gains will be offset by inflation.\u003C\/p\u003E\n\u003Ch3\u003EInflation more serious than unemployment\u003C\/h3\u003E\n\u003Cp\u003EWhen asked whether inflation or unemployment was the more serious \nproblem facing the nation, three-quarters of all consumers picked \ninflation. Just 15% of all consumers anticipated that their householdâs \nincome would rise faster than inflation in the year-end survey. This was\n the lowest figure recorded in eight years.\u003C\/p\u003E\n\u003Cp\u003EComplaints that rising prices had lowered their living standards were voiced by 27% of households, the highest in nine years.\u003C\/p\u003E\n\u003Ch3\u003EConsumer Sentiment Index\u003C\/h3\u003E\n\u003Cp\u003EThe Consumer Sentiment Index rose to 70.6 in the December 2021 \nsurvey, up slightly from last monthâs 67.4, but substantially below last\n yearâs 80.7. The Expectations Index rose to 68.3, up from last monthâs \n63.5, and well below last yearâs 74.6. The Current Conditions Index rose\n to 74.2, up from last monthâs 73.6, and significantly below last yearâs\n 90.0.\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/5223666966528543863\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/consumer-confidence-omicron-plays.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/5223666966528543863"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/5223666966528543863"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/consumer-confidence-omicron-plays.html","title":"Consumer confidence: Omicron plays holiday Grinch"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-6406026371392249272"},"published":{"$t":"2021-12-23T10:47:00.000-07:00"},"updated":{"$t":"2021-12-23T10:47:02.437-07:00"},"title":{"type":"text","$t":"New home sales jump 12.4% in November, highest in 7 months "},"content":{"type":"html","$t":"\u003Cp\u003ESales of new single-family homes rose 12.4% in November, the fastest \npace in seven months, as the housing industry continued to benefit from \nlow mortgage rates and strong demand.\n\n\n\n\u003C\/p\u003E\u003Cp\u003EThe November increase pushed the seasonally adjusted annual sales \npace to 744,000 last month, the best showing since reaching 796,000 in \nApril.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EThe median sales price of a new home sold in November hit $416,900, 14.1% higher than a year ago.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EDemand has surged this year as many Americans cooped up by the pandemic seek out larger homes.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EThe sale of previously occupied homes rose for a third straight month\n in November to a seasonally adjusted annual rate of 6.46 million units,\n the fastest pace since January, according to a report this week from \nthe National Association of Realtors.\u003C\/p\u003E\u003Cp\u003EExtraordinarily low mortgage rates have intensified demand.\
2n\n\n\n\u003C\/p\u003E\u003Cp\u003EFreddie Mac reported Thursday 30-year fixed rate mortgages averaged 3.05% this week, down from last weekâs 3.12%.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EMortgage rates are likely to move higher next year as the Federal \nReserve phases out the monthly bond purchases it has been making since \nthe pandemic hit nearly two years ago. The Fed has already signaled that\n it expects to start raising interest rates as early as next spring to \ncheck sharply rising inflation.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EBut interest rate increases are expected to be modest and the shift \nhigher may actually intensify demand as Americans try to lock in rates \nbefore they head even higher.\u003C\/p\u003E\u003Cp\u003EâAnticipation of higher mortgage rates as the Fed tapers should be \nsupportive of sales over coming months,â predicted Rubeela Farooqi, \nchief U.S. economist at High Frequency Economics.\u003C\/p\u003E\n\n\n\n\u003Cp\u003EFor November, sales were up in every region of the country except the\n Midwest, which saw a 25.4% drop. New home sales surged 53.2% in the \nWest and were up 15.6% in the Northeast and 2.7% in the South.\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/6406026371392249272\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/new-home-sales-jump-124-in-november.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/6406026371392249272"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/6406026371392249272"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/new-home-sales-jump-124-in-november.html","title":"New home sales jump 12.4% in November, highest in 7 months "}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-7003379021459178142"},"published":{"$t":"2021-12-23T07:56:00.007-07:00"},"updated":{"$t":"2021-12-23T07:56:51.360-07:00"},"title":{"type":"text","$t":"Personal Income and Outlays Increase"},"content":{"type":"html","$t":"\u003Cp\u003E\u003Cspan class=\"clearfix\" itemprop=\"articleBody\"\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp dir=\"auto\"\u003E\n \u003Cstrong\u003EPersonal income\u003C\/strong\u003E increased $90.4 billion (0.4 \npercent) in November according to estimates released today by the Bureau\n of Economic Analysis (tables 3 and 5). \u003Cstrong\u003EDisposable personal income\u003C\/strong\u003E (DPI) increased $70.4 billion (0.4 percent) and \u003Cstrong\u003Epersonal consumption expenditures\u003C\/strong\u003E (PCE) increased $104.7 billion (0.6 percent).\n \u003C\/p\u003E\n \u003Cp dir=\"auto\"\u003E\n \u003Cstrong\u003EReal DPI\u003C\/strong\u003E decreased 0.2 percent in November and \u003Cstrong\u003EReal PCE\u003C\/strong\u003E\n increased less than 0.1 percent; spending on services increased 0.5 \npercent and spending on goods decreased 0.8 percent (tables 5 and 7). \nThe \u003Cstrong\u003EPCE price index\u003C\/strong\u003E increased 0.6 percent. Excluding food and energy, the PCE price index increased 0.5 percent.\u003C\/p\u003E\u003Cp dir=\"auto\"\u003E\u0026nbsp;\u003Cspan class=\"clearfix\" itemprop=\"articleBody\"\u003EThe estimate for November \npersonal income and outlays reflected the continued economic recovery \nand government response to the COVID-19 pandemic. Government social \nbenefits increased in November, reflecting an increase in the Provider \nRelief Fund (extended by the American Rescue Plan) that was partly \noffset by declines in many other pandemic-assistance programs. The full \neconomic effects of the COVID-19 pandemic cannot be quantified in the \npersonal income and outlays estimate because the impacts are generally \nembedded in source data and cannot be separately identified.\u0026nbsp;\u003C\/span\u003E\u003C\/p\u003E\u003Cp dir=\"auto\"\u003E\u003Cspan class=\"clearfix\" itemprop=\"articleBody\"\u003E\u003Cspan class=\"clearfix\" itemprop=\"articleBody\"\u003E\u003C\/span\u003E\u003C\/span\u003E\u003C\/p\u003E\u003Cp dir=\"auto\"\u003E\n The increase in personal income in November primarily reflected \nincreases in compensation of employees and government social benefits \n(table 3). Within compensation, the increase reflected increases in both\n private and government wages and salaries. Within government social \nbenefits, an increase in \"other\" benefits (notably, an increase in the \nProvider Relief Fund to health care nonprofits) was partly offset by a \ndecrease in unemployment insurance.\n \u003C\/p\u003E\n \u003Cp dir=\"auto\"\u003E The $104.7 billion increase in current-dollar PCE in November \nreflected an increase of $97.4 billion in spending for services and a \n$7.4 billion increase in spending for goods (table 3). The increase in \nservices was widespread, led by housing and utilities. Within goods, an \nincrease in nondurable goods (mainly gasoline and other energy goods) \nwas partly offset by a decrease in durable goods (led by recreational \ngoods and vehicles as well as motor vehicles and parts). \u003C\/p\u003E\n \u003Cp dir=\"auto\"\u003E\n \u003Cstrong\u003EPersonal outlays\u003C\/strong\u003E increased $106.3 billion in November (table 3). \u003Cstrong\u003EPersonal saving\u003C\/strong\u003E was $1.25 trillion in November and the \u
2003Cstrong\u003Epersonal saving rate\u003C\/strong\u003E-personal saving as a percentage of disposable personal income-was 6.9 percent.\n \u003C\/p\u003E\n \u003Cp dir=\"auto\"\u003E\n The \u003Cstrong\u003EPCE price index\u003C\/strong\u003E for November increased 5.7 \npercent from one year ago, reflecting increases in both goods and \nservices (table 11). Energy prices increased 34.0 percent while food \nprices increased 5.6 percent. Excluding food and energy, the PCE price \nindex for November increased 4.7 percent from one year ago.\n \u003C\/p\u003E\u0026nbsp; \u003Cp\u003E\u003C\/p\u003E\u003Cp\u003E\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/7003379021459178142\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/personal-income-and-outlays-increase.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/7003379021459178142"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/7003379021459178142"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/personal-income-and-outlays-increase.html","title":"Personal Income and Outlays Increase"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-2683385033920426748"},"published":{"$t":"2021-12-23T07:54:00.004-07:00"},"updated":{"$t":"2021-12-23T07:54:24.738-07:00"},"title":{"type":"text","$t":"U.S. Durable Goods Orders Increase More Than Forecast"},"content":{"type":"html","$t":"\u003Cp\u003EOrders placed with U.S. factories for durable goods rose in November \nby the most in six months, exceeding forecasts and pointing to steady \ndemand that will help drive production growth in early 2022.\u003C\/p\u003E\u003Cp\u003EBookings\n for all durable goods -- or items meant to last at least three years --\n increased 2.5% from the prior month, partly reflecting a sharp rise in \ncommercial aircraft orders.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003EThe value of core capital goods orders, a proxy for business investment \nin equipment that excludes aircraft and military hardware, fell 0.1% \nafter an upwardly revised 0.9% increase in October, Commerce Department \nfigures showed Thursday.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EThe median estimate in a Bloomberg survey of \neconomists called for a 0.7% increase in core capital goods orders and a\n 1.8% rise in total durables bookings.\u0026nbsp;\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EDespite \nthe softer results in business equipment orders, the strength in prior \nmonths illustrates a robust pattern of private investment aimed at \nbolstering productivity and production capacity. Amid lean inventories, \nnear-record job vacancies and a challenging supply network, companies \nare looking to enhance efficiency.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EMeantime, inflation-adjusted household spending \nstagnated in November as the fastest price gains in nearly four decades \neroded purchasing power. Purchases of goods and services, after \nadjusting for higher prices, were little changed following a 0.7% gain \nin October, separate Commerce Department figures showed Thursday.\u0026nbsp;\u003C\/p\u003E\u003Cp class=\"paywall\" data-tout-type=\"story\"\u003E\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EThe\n durables data showed bookings for commercial aircraft increased 34.1%. \nBoeing Co. reported 109 orders in November, up from 10 a month earlier. \nThe government data on aircraft orders donât always align exactly with \nthe corporate figures.\u003C\/p\u003E\n \n \u003Caside class=\"left-rail-newsletter paywall\"\u003E\u003C\/aside\u003E\u003Cp class=\"paywall\"\u003EOrders for motor vehicles rose 1%. Durable goods orders excluding transportation equipment increased 0.8%.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EOutside of the more volatile transportation \ncategories, the report was mixed. Bookings for metals and communications\n equipment increased, while those for machinery, electrical equipment \nand computers eased.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EUnfilled orders for manufactured durable goods, a measure of backlogs, rose 0.7%. Inventories, meantime, increased 0.6%.\u0026nbsp;\u003C\/p\u003E\u003Cp class=\"paywall\"\u003ECore\n capital goods shipments, a figure that will be used to calculate \ninvestment in the governmentâs fourth-quarter gross domestic product \nreport, rose 0.3% in November.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003EOrders for defense \ncapital goods, a volatile component, jumped 16%, while total durable \ngoods bookings minus military equipment rose 2%.\u003C\/p\u003E\u003Cp class=\"paywall\"\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp class=\"paywall\"\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/2683385033920426748\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/202
21\/12\/us-durable-goods-orders-increase-more.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2683385033920426748"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2683385033920426748"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/us-durable-goods-orders-increase-more.html","title":"U.S. Durable Goods Orders Increase More Than Forecast"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-2145916257195088349"},"published":{"$t":"2021-12-23T07:52:00.002-07:00"},"updated":{"$t":"2021-12-23T07:52:21.809-07:00"},"title":{"type":"text","$t":"Jobless Claims Remain Steady"},"content":{"type":"html","$t":"\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EThe number of \nAmericans filing first-time claims for unemployment benefits was \nunchanged last week at 205,000, the Labor Department reported on \nThursday.\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EThe\n number was in line with estimates and compares to a revised 205,000 \nlast week. The measure has trended near the 200,000 mark for a few weeks\n as the labor market steadily improves.\u003C\/p\u003E\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EThe four-week moving average ws 206,250, an increase of 2,750 from the prior period.\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EThe\n health of the job market is one of the factors that prompted the \nFederal Reserve last week to announce a further reduction in its \npurchases of Treasuries and mortgage-backed securities. The Fed is now \nbuying $60-billion-per-month worth of assets, down 50% from what it \nbegan buying when the coronavirus first struck the country in March of \n2020.\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EFed\n Chairman Jerome Powell said last week that the central bank expects the\n unemployment rate, now at 4.2%, to fall to 3.5% by the end of next \nyear, the record level it reached just prior to the onset of the \npandemic. Meanwhile, employers have 11 million job openings to be \nfilled.\u003C\/p\u003E\u003C\/div\u003E\u003Cdiv class=\"Raw-slyvem-0 bPNrMH\" size=\"5\"\u003E\u003Cp\u003EâThe\n nationâs jobless rate, recently at 4.2%, is seen falling further over \nthe next year, as more Americans attain employment and others seek to \nupgrade their compensation and\/or lifestyles by switching jobs,â \nBankrate senior economic analyst Mark Hamrick wrote ahead of the \nreportâs release.\u003C\/p\u003E\u003C\/div\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/2145916257195088349\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/jobless-claims-remain-steady.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2145916257195088349"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2145916257195088349"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/jobless-claims-remain-steady.html","title":"Jobless Claims Remain Steady"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-2834322753423900176"},"published":{"$t":"2021-12-22T09:49:00.001-07:00"},"updated":{"$t":"2021-12-22T09:49:14.399-07:00"},"title":{"type":"text","$t":"Existing home sales miss consensus, rising 1.9% in November"},"content":{"type":"html","$t":"\u003Cdiv class=\"group\"\u003E\u003Cp\u003ESales of previously owned homes in November rose \n1.9% from October to 6.46 million units, according to the National \nAssociation of Realtorsâ seasonally adjusted count. Sales were 2.0% \nlower than November 2020.\u003C\/p\u003E\u003Cp\u003EThese sales reflect home closings, so contracts that were likely signed in September and October.\u003C\/p\u003E\u003Cspan\u003E\u003C\/span\u003E\u003Cp\u003ERegionally,\n month-to-month, sales in the Northeast were unchanged. In the Midwest, \nthey rose 0.7% and in the South they rose 2.9%. In the West, sales \nincreased 2.3%.\u003C\/p\u003E\u003Cp\u003ESales likely increased due to a strengthening job \nmarket and concerns among potential buyers that mortgage rates will be \nsignificantly higher next year, according to the NARâs chief economist \nLawrence Yun.\u003C\/p\u003E\u003Cp\u003EThere were 1.11 million homes for sale at the end of\n November, down 13% year over year. At the current sales pace that \nrepresents a 2.1-month supply.\u003C\/p\u003E\u003Cp\u003EâNew listings are coming on the \nmarket, but they are being snatched up quickly,â said Yun, who added \nthat he expects to see a further decline in inventory in December.\u003C\/p\u003E\u003Cp\u003EThat\n tight supply continued to put upward pressure on home prices. The \nmedian price of an existing home sold in November was $353,900. That is a\n 13.9% gain from November of 2020. Price gains are slowing from earlier \nannual gains of about 20%.\u003C\/p\u003E\u003Cspan\u003E\u003C\/span\u003E\u003Cp\u003ESales\n were stronger in the more expensive categories, with homes priced \nbetween $750,000 and $1 million rising 37% year over year and those \npriced above $1 million rising 50%. Comparatively, homes priced between \n$100,000 and $250,000 fell 19%. Supply is leanest on the lower end of \nthe market.\u003C\/p\u003E\u003Cp\u003EThe market is also moving very quickly, with the average days a home stays on the market just 18 days.\u003C\/p\u003E\u003Cp\u003EThe\n share of sales to first-time buyers was just 26%, down from 32% in \nNovember of 2020. The share of sales to investors was 15%, up from 14% \nthe year before.\u003C\/p\u003E\u003Cp\u003EMortgage rates did not help buyers much either. \nWhile rates are still low historically, the average rate on the popular \n30-year fixed mortgage started September at 2.92% and ended October at \n3.22%, according to Mortgage News Daily. That took away significant \npurchasing power, especially for entry-level or first-time buyers.\u003C\/p\u003E\u003Cp\u003EâThe\n prospect of higher interest rates in 2022 is accelerating the decision \nfor buyers in an otherwise slower season,â said George Ratiu, senior \neconomist at Realtor.com. âHowever, the low number of homes for sale \
2nremains the principal challenge, stumping both existing homeowners \nlooking for their next house and first-time buyers seeking a place to \ncall their own.â\u003C\/p\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/2834322753423900176\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/existing-home-sales-miss-consensus.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2834322753423900176"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/2834322753423900176"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/existing-home-sales-miss-consensus.html","title":"Existing home sales miss consensus, rising 1.9% in November"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-3731147501549661728"},"published":{"$t":"2021-12-22T08:08:00.000-07:00"},"updated":{"$t":"2021-12-22T08:08:12.267-07:00"},"title":{"type":"text","$t":"CFNAI improves in November"},"content":{"type":"html","$t":"\u003Cp\u003ENovember Chicago Fed National Activity \u003Ca href=\"https:\/\/www.chicagofed.org\/publications\/cfnai\/index\" target=\"_blank\"\u003EIndex\u003C\/a\u003E: +0.37 vs. +0.75 prior (unrevised).\u003C\/p\u003E\u003Cp\u003EProduction-related indicators slowed in November.\u003C\/p\u003E\u003Cp\u003EThree of the four broad categories of \nindicators used to construct the index made positive contributions in \nNovember, but all four categories deteriorated from October.\u003C\/p\u003E\u003Cp\u003EThe indexâs three-month moving average, CFNAI-MA3, moved up to +0.37 in November from +0.25 in October\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/3731147501549661728\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/cfnai-improves-in-november.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/3731147501549661728"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/3731147501549661728"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/cfnai-improves-in-november.html","title":"CFNAI improves in November"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-5299552898610353903"},"published":{"$t":"2021-12-22T08:04:00.005-07:00"},"updated":{"$t":"2021-12-22T08:04:55.484-07:00"},"title":{"type":"text","$t":"Consumer Confidence Improved Again in December"},"content":{"type":"html","$t":"\u003Cp\u003EEconomic Expansion Likely to Continue into 2022, Despite Serious Headwinds\u003C\/p\u003E\u003Cp\u003Ehe Conference Board \u003Ca href=\"https:\/\/c212.net\/c\/link\/?t=0\u0026amp;l=en\u0026amp;o=3397751-1\u0026amp;h=3985259034\u0026amp;u=https%3A%2F%2Fwww.conference-board.org%2Fdata%2Fconsumerconfidence.cfm\u0026amp;a=Consumer+Confidence+Index\" rel=\"nofollow\" target=\"_blank\"\u003E\u003Cb\u003E\u003Ci\u003EConsumer Confidence Index\u003C\/i\u003E\u003C\/b\u003E\u003C\/a\u003E\u003Cb\u003E\u003Ci\u003E®\u003C\/i\u003E\u003C\/b\u003E\u0026nbsp;increased\n again in December, after an upward revision in November. The Index now \nstands at 115.8 (1985=100), up from 111.9 (an upward revision) in \nNovember. The\u003Cb\u003E\u003Ci\u003E Present Situation Index\u003C\/i\u003E\u003C\/b\u003Eâbased on consumers' \nassessment of current business and labor market conditionsâwas \nrelatively flat at 144.1, down from 144.4 last month. The \u003Cb\u003E\u003Ci\u003EExpectations Index\u003C\/i\u003E\u003C\/b\u003Eâbased on consumers' short-term outlook for income, business, and labor market conditionsârose to 96.9 from 90.2. \n\u003C\/p\u003E\u003Cp\u003E\"Consumer confidence improved further in December, following a very modest gain in November,\" said \u003Cb\u003E\u003Cspan class=\"xn-person\"\u003ELynn Franco\u003C\/span\u003E, Senior Director of Economic Indicators at The Conference Board\u003C\/b\u003E.\n \"The Present Situation Index dipped slightly but remains very high, \nsuggesting the economy has maintained its momentum in the final month of\n 2021. Expectations about short
2-term growth prospects improved, setting \nthe stage for continued growth in early 2022. The proportion of \nconsumers planning to purchase homes, automobiles, major appliances, and\n vacations over the next six months all increased.\"\u003C\/p\u003E\n\u003Cp\u003E\"Meanwhile, concerns about inflation declined after hitting a 13-year\n high last month as did concerns about COVID-19, despite reports of \ncontinued price increases and the emergence of the Omicron variant. \nLooking ahead to 2022, both confidence and consumer spending will \ncontinue to face headwinds from rising prices and an expected winter \nsurge of the pandemic.\"\u003C\/p\u003E\n\u003Cp\u003E\u003Cb\u003EPresent Situation \u003Cbr class=\"dnr\" \/\u003E\u003C\/b\u003EConsumers' appraisal of current \u003Cb\u003Ebusiness conditions\u003C\/b\u003E was more favorable in December.\u003C\/p\u003E\n\u003Cul\u003E\u003Cli\u003E19.9% of consumers said business conditions were \"good,\" up from 17.9%. \u003C\/li\u003E\u003Cli\u003E26.8% of consumers said business conditions were \"bad,\" down from 27.3%.\u003C\/li\u003E\u003C\/ul\u003E\n\u003Cp\u003EConsumers' assessment of the \u003Cb\u003Elabor market\u003C\/b\u003E\u0026nbsp;was moderately less favorable. \u003C\/p\u003E\n\u003Cul\u003E\u003Cli\u003E55.1% of consumers said jobs were \"plentiful,\" down from 55.5%; still a historically strong reading. \u003C\/li\u003E\u003Cli\u003E12.5% of consumers said jobs are \"hard to get,\" up from 10.8%. \u003C\/li\u003E\u003C\/ul\u003E\n\u003Cp\u003E\u003Cb\u003EExpectations Six Month Hence \u003Cbr class=\"dnr\" \/\u003E\u003C\/b\u003EConsumers' optimism about the \u003Cb\u003Eshort-term business conditions outlook\u003C\/b\u003E increased in December. \u003C\/p\u003E\n\u003Cul\u003E\u003Cli\u003E26.7% of consumers expect business conditions will improve, up from 25.6%. \u003C\/li\u003E\u003Cli\u003E17.9% expect business conditions to worsen, down from 19.6%.\u003C\/li\u003E\u003C\/ul\u003E\n\u003Cp\u003EConsumers were also more optimistic about the \u003Cb\u003Eshort-term labor market outlook\u003C\/b\u003E. \u003C\/p\u003E\n\u003Cul\u003E\u003Cli\u003E25.1% of consumers expect more jobs to be available in the months ahead, up from 22.8%. \u003C\/li\u003E\u003Cli\u003E14.8% anticipate fewer jobs, down from 19.0%.\u003C\/li\u003E\u003C\/ul\u003E\n\u003Cp\u003EConsumers were slightly less positive about their \u003Cb\u003Eshort-term\u003C\/b\u003E \u003Cb\u003Efinancial prospects.\u003C\/b\u003E\u003C\/p\u003E\n\u003Cul\u003E\u003Cli\u003E18.0% of consumers expect their incomes to increase, down from 18.9%. \u003C\/li\u003E\u003Cli\u003E11.5% expect their incomes will decrease, down slightly from 11.7%.\u003C\/li\u003E\u003C\/ul\u003E\n\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/5299552898610353903\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/consumer-confidence-improved-again-in.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/5299552898610353903"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/5299552898610353903"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/consumer-confidence-improved-again-in.html","title":"Consumer Confidence Improved Again in December"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-9206505658875860356"},"published":{"$t":"2021-12-22T08:03:00.005-07:00"},"updated":{"$t":"2021-12-22T08:03:25.360-07:00"},"title":{"type":"text","$t":"Q3 GDP figure revised up to 2.3% from 2.1%"},"content":{"type":"html","$t":"\u003Cp\u003EThe U.S. economy \nexpanded at an annual 2.3% pace in the third quarter, up from the prior \nestimate of 2.1%, according to updated data released by the C
2ommerce \nDepartment Wednesday. Economists polled by The Wall Street Journal had \nforecast that third-quarter gross domestic product would remain \nunrevised.\u003C\/p\u003E \u003Cp data-t=\"{\u0026quot;n\u0026quot;:\u0026quot;blueLinks\u0026quot;}\"\u003EGrowth\n in the first half of the year averaged a 6.5% annual rate. The economy \nslowed in the third quarter as a result of the delta variant of the \ncoronavirus that causes COVI-19. \u003C\/p\u003E \u003Cp data-t=\"{\u0026quot;n\u0026quot;:\u0026quot;blueLinks\u0026quot;}\"\u003E\u0026nbsp;Consumer spending was revised to a gain of 2.0% annual rate in the \nsecond quarter from the prior estimate of 1.7%. That was the slowest \nsince the depths of the pandemic in the same quarter of 2020.\u003C\/p\u003E \u003Cp data-t=\"{\u0026quot;n\u0026quot;:\u0026quot;blueLinks\u0026quot;}\"\u003EAt the moment, economists are forecasting a pickup in growth in the \nfourth quarter. Household spending is expected to pick up sharply. GDP \ndata for the fourth quarter wonât be released until the end of January.\u0026nbsp;\u003C\/p\u003E\u003Cp data-t=\"{\u0026quot;n\u0026quot;:\u0026quot;blueLinks\u0026quot;}\"\u003EThe big unanswered question is how much the rapid spread of the omicron \nvariant will slow the economy in the final weeks of December and into \nthe first quarter. Answers remain illusive but economists are cautious, \nnoting that the U.S. has not done a stellar job eradicating the delta \nvariant.\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/9206505658875860356\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/q3-gdp-figure-revised-up-to-23-from-21.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/9206505658875860356"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/9206505658875860356"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/q3-gdp-figure-revised-up-to-23-from-21.html","title":"Q3 GDP figure revised up to 2.3% from 2.1%"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-1842974319375699261.post-6542064575926240512"},"published":{"$t":"2021-12-22T08:01:00.002-07:00"},"updated":{"$t":"2021-12-22T08:01:24.088-07:00"},"title":{"type":"text","$t":"Mortgage applications flat in the last week"},"content":{"type":"html","$t":"\u003Cp\u003E\u003Cstrong\u003EMortgage applications decreased 0.6 percent from one week earlier,\u003C\/strong\u003E\n according to data from the Mortgage Bankers Association's (MBA) Weekly \nMortgage Applications Survey for the week ending December 17, 2021.\u0026nbsp;\n\u003C\/p\u003E\u003Cp\u003EThe Market Composite Index, a measure of mortgage loan application \nvolume, decreased 0.6 percent on a seasonally adjusted basis from one \nweek earlier. On an unadjusted basis, the Index decreased 1 percent \ncompared with the previous week. The Refinance Index increased 2 percent\n from the previous week and was 42 percent lower than the same week one \nyear ago. The seasonally adjusted Purchase Index decreased 3 percent \nfrom one week earlier. The unadjusted Purchase Index decreased 6 percent\n compared with the previous week and was 9 percent lower than the same \nweek one year ago.\u0026nbsp;\u0026nbsp;\u003C\/p\u003E\u003Cp\u003EThe refinance share of mortgage activity increased to 65.2 percent of\n total applications from 63.3 percent the previous week. The \nadjustable-rate mortgage (ARM) share of activity remained unchanged at \n3.4 percent of total applications. \u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe FHA share of total applications remained unchanged to 9.6 percent\n from 9.6 percent the week prior. The VA share of total applications \nincreased to 11.5 percent from 10.6 percent the week prior. The USDA \nshare of total applications decreased to 0.4 percent from 0.5 percent \nthe week prior. \u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe average contract interest rate for 30-year fixed-rate mortgages \nwith conforming loan balances ($548,250 or less) decreased to 3.27 \npercent from 3.30 percent, with points increasing to 0.41 from 0.39 \n(including the origination fee) for 80 percent loan-to-value ratio (LTV)\n loans. The effective rate decreased from last week.\u003C\/p\u003E\n\u003Cp\u003EThe average contract interest rate for 30-year fixed-rate mortgages \nwith jumbo loan balances (greater than $548,250) decreased to 3.31 \npercent from 3.32 percent, with points decreasing to 0.27 from 0.30 \n(including the origination fee) for 80 percent LTV loans. The effective \nrate decreased from last week.\u003C\/p\u003E\n\u003Cp\u003EThe average contract interest rate for 30-year fixed-rate mortgages \nbacked by the FHA decreased to 3.34 percent from 3.37 percent, with \npoints increasing to 0.36 from 0.34 (including the origination fee) for \n80 percent LTV loans. The effective rate decreased from last week. \u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe average contract interest rate for 15-year fixed-rate mortgages \nincreased to 2.59 percent from 2.58 percent, with points decreasing to \n0.32 from 0.34 (including the origination fee) for 80 percent LTV loans.\n The effective rate increased from last week. \u0026nbsp;\u003C\/p\u003E\n\u003Cp\u003EThe average contract interest rate for 5\/1 ARMs increased to 2.79 \npercent from 2.75 percent, with points remaining unchanged at 0.28 \n(including the origination fee) for 80 percent LTV loans. The effective \nrate increased from last week. \u003Cbr \/\u003E\u003C\/p\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"https:\/\/cpcapitalsolutions.blogspot.com\/feeds\/6542064575926240512\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/202
21\/12\/mortgage-applications-flat-in-last-week.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/6542064575926240512"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/1842974319375699261\/posts\/default\/6542064575926240512"},{"rel":"alternate","type":"text/html","href":"https:\/\/cpcapitalsolutions.blogspot.com\/2021\/12\/mortgage-applications-flat-in-last-week.html","title":"Mortgage applications flat in the last week"}],"author":[{"name":{"$t":"Unknown"},"email":{"$t":"[email protected]"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"0"}}]}});
Line numbers count LF bytes from the start of the resource, as the search results do. Vendor segments are library code the classifier recognised; they are stored but not indexed. Bytes are shown as Latin1 characters, one per byte.