National economics correspondent, The Wall Street Journal

New Mortgage Lending Drops to 13-Year Low — New figures released by the Federal Reserve Bank of New York on Tuesday show that mortgage lending is running at its lowest level in 13 years, with 2014 on pace to be the weakest for new loans since 2000.

Why Didn’t New Jersey See More Declines in Household Debt? — The New York Fed's latest report on household debt shows that the so-called deleveraging process, by which households reduced their debt burdens following the recession, has ended after around five years. Tuesday's report reveals one state where debt loads are still very high and where deleveraging hasn't happened much: New Jersey.

Rental Apartment Construction Is At a 27-Year High — New figures offer the latest reminder of an apartment boom. Housing starts fell in October because of a 15.5% drop in the multifamily sector, which is notoriously volatile. But the broader picture shows that apartments have been on a tear this year.

Foreclosures Surge? Take a Closer Look — The share of soured home loans outstanding fell again during the third quarter to the lowest level since 2007. Every few months, there are rumblings about a new "surge" in foreclosures and bad debt. But data released by the Mortgage Bankers Association on Friday show that those reports are greatly exaggerated.

U.S. Retail Sales Rose 0.3% in October — WASHINGTON-Sales at U.S. retailers rebounded in October, a sign that lower gasoline prices are boosting household spending at restaurants and other stores headed into the holiday shopping season. Retail and food services sales rose 0.3% from the prior month to a seasonally adjusted $444.49 billion in October, the Commerce Department said Friday.

Rethinking Fannie, Freddie-and the 30-Year Mortgage — Washington is finally talking seriously about how to replace Fannie Mae and Freddie Mac, the mortgage-finance juggernauts that the government was forced to rescue five years ago. Just don't expect quick action. The firms are proving to be as difficult to shut down as the U.S.-operated Guantanamo Bay prison in Cuba.

Government Stays Glued to Mortgage Market — A weak start to the spring housing season, which could be underscored later this week by reports on sales of new and previously owned homes, is raising the prospect that the U.S. government will dominate the mortgage market for a long time.

Why Are So Many Workers Still Part Time? Seven Charts — Are American businesses going to rely more heavily on part-time workers long after the recession has ended? The unemployment rate has dropped sharply over the past year, but the share of Americans working part time because they can't find full-time work remains very high by historical standards.

Post-Recession Legacy: Elevated Level of Part-Time Employment? — Nearly 7 million Americans are stuck in part-time jobs that they don't want. The unemployment rate has fallen sharply over the past year, but that improvement is masking a still-bleak picture for millions of workers who say they can't find full-time jobs. Martina Morgan is deciding which bills to skip after her hours fell at Ikea in...

The October Jobs Report in 13 Charts — The unemployment rate fell to 5.8%, its lowest level since 2008. And the economy has added more than 2.6 million jobs over the past twelve months, the best level since early 2006. For the first 10 months of the year, job growth has averaged 229,000 jobs per month.
More Articles →
Nov 26, 2014

Inventory of new homes for sale is at a four-year high

Nov 26, 2014

New home sales have flattened out this year Not getting worse, but not getting better

Nov 26, 2014

A lost year for housing: new home sales revised down for July, Aug, Sept. YTD thru Oct, sales up just 1%

Nov 26, 2014

Pending home sales edged down 1% in October but are still running 2% ahead of last year's level

Nov 26, 2014

Deleveraging ends as new credit card borrowing, student + auto loans outpaces foreclosures

Nov 26, 2014

The US economy grew briskly in the third quarter Here's what the long-run trend looks like:

Nov 26, 2014

With refinances in the rearview mirror, new mortgage lending drops to a 13-year low

Nov 26, 2014

Real-estate developers are piling into NYC's office market despite sluggish demand for space

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