President Biden’s temporary ARPA Improves ACA Subsidies through 2022. xpostfactoid: Will 60-64 year-olds have a choice between Medicare and Obamacare? What will that look like?, ARP puts more ‘affordable’ in the Affordable Care Act | healthinsurance.org and How the American Rescue Plan Act will boost marketplace premium subsidies | healthinsurance.org If you have not been […]
New home sales continue rebound in August, as price increases continue slight deceleration Housing is a long leading sector of the economy, and new home sales, while very noisy and heavily revised, tend to lead all of the other housing indicators. [Note: FRED hasn’t updated its charts with this morning’s information, so graphs below do […]
Angry Bear’s Mike Smith; I am a little baffled by our governments assessment of agriculture. Just today they released a few details about paying farmers to plant cover crop, as per this article here. House Budget Plan Offers Big Injection of Funds in USDA Conservation Programs House Budget Plan Offers Big Injection of Funds in […]
New Housing Starts and Building Permits Rose in August on Increased Apartment Construction, Commenter and Blogger RJS, MarketWatch 666 Microsoft Word – newresconst_auto_text_202108.docx (census.gov), The August report on New Residential Construction (pdf) from the Census Bureau indicated that their widely watched estimate of new housing units that were started during the month was at a seasonally adjusted […]
“Bungling The Debt Ceiling,” EconoSpeak, Barkley Rosser It looks like Sen. Chuck Schumer (D-NY) is bungling the matter of raising (or suspending) the debt ceiling, coming due in mid-October supposedly. He could have tied it to reconciliation in August, but decided not to, intent on getting GOPster on board with participating in doing it. But […]
“Global oil shortage at 2.77 million barrels per day in August as OPEC, Output falls short of quota by 684,000 barrels per day,” Commenter and Blogger, RJS, Focus on Fracking OPEC’s Monthly Oil Market Report “The Latest US Oil Supply and Disposition Data from the EIA” Monday of this week saw the release of OPEC’s September […]
Focus on Fracking: US crude supplies at a 24 month low, gasoline supplies at a 22 month low, total supplies at a 42 month low; August global oil shortage was 2.77 million barrels per day Natural gas prices at 7 1/2 year high near a 12 year high before falling back; US crude supplies at […]
August housing construction shows stabilization, following interest rate moderation This morning’s report on August housing permits and starts shows that the stabilizing of mortgage rates in the past few months has now stabilized housing construction. Housing starts increased 3.9% m/m, and total permits increased 6.0%. The less volatile single-family permits increased 0.6%. As a result, […]
I have found Ten Bears in our comments section from time to time. I also followed the link to his blog “Homeless on the High Desert” and read a few of his posts. In “We’ve been over this before . . . ,” Ten Bears makes the point of migrants, people leaving their homeland to […]
Median household income and housing affordability Let’s take a look at the affordability (or not!) of housing since there is no economic news of note today (Monday). Last week the Census Bureau released their annual report on median household income for the US, covering 2020. Since this is the best measure to gauge housing affordability, […]