Posted To: Pipeline Press
“Statistics are like bikinis. What they reveal is suggestive but what they conceal is vital.” We’re always watching home sales & construction – but it is debatable whether tearing down a house and building another adds to housing stock. About 10.2% of single-family homes rose from tear-down starts in 2016, up from 7.7% in 2015. Bank news Last week the Fed released the results of its stress tests , and for the third straight year all large banks passed. The tests are designed to measure whether the 34 largest banks will be able to maintain a minimum 3% capital level, even in periods of severe economic downturns. This Wednesday the Fed will announce the results of their qualitative review, which determines whether the banks will be able to move forward with their capital...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2tdwcXU
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