Economic Analysis Points to Recovery

first_img Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest Economic & Housing Weekly Note published by Fannie Mae.“Data in September showed that the economic recovery is still ongoing, though there were more signs that the pace of recovery is slowing,” wrote Ricky Goyette, Associate with Fannie Mae’s Economic and Strategic Research Team. “Job growth continued in September, though once again the pace slowed from the prior month. Total nonfarm payroll employment remains 7.0% below the level seen in February.”Goyette pointed out that while personal income levels were down in August, “this was entirely attributable to a decrease in unemployment insurance benefits” and was counterbalanced by “sharp increases in both consumer confidence and light vehicle sales in September.” As a result, Goyette theorized a continuation of consumer spending, although at a slower pace than seen during the summer.On the housing front, Goyette noted Fannie Mae remained bullish on this market.“In housing, data released this week continued to show strength in the housing market, with an increase in pending sales to record levels,” he continued. “The increase in September private residential construction spending supports our outlook for a strong rebound in residential fixed investment in the third quarter.”The data cited by Goyette included the latest Pending Home Sales Index from the National Association of Realtors, which spiked by 8.8% from August to September, reaching a record high of 132.8; the year-over-year pending sales soared by 24.2%. On the construction side, the data was culled from the U.S. Census Bureau’s findings that private residential construction spending rose 3.7% in September while new single-family housing spending increased 5.5%, the largest monthly increase since July 2009. Compared to one year earlier, new single-family spending was up by 2.22%. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Share Save Previous: Targeted Training for Brokers Announced Next: Mortgage Contracting Services Announces New Ownership About Author: Phil Hall Related Articles October 5, 2020 764 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago 2020-10-05 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Economic Analysis Points to Recovery The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Phil Hall is a former United Nations-based reporter for Fairchild Broadcast News, the author of nine books, the host of the award-winning SoundCloud podcast “The Online Movie Show,” co-host of the award-winning WAPJ-FM talk show “Nutmeg Chatter” and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill’s Congress Blog and Profit Confidential. His real estate finance writing has been published in the ABA Banking Journal, Secondary Marketing Executive, Servicing Management, MortgageOrb, Progress in Lending, National Mortgage Professional, Mortgage Professional America, Canadian Mortgage Professional, Mortgage Professional News, Mortgage Broker News and HousingWire. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Economic Analysis Points to Recovery  Print This Post Subscribelast_img read more

Bakery takes ‘more masculine’ approach

first_imgThe Speciality & Fine Food Fair 2016, held this week, saw one bakery company stage a fightback against “cutesy” bakery.The London and Devon-based wholesaler Exploding Bakery, founded by Tom Oxford & Oliver Coysh, offers a “more masculine solution”, Oxford told British Baker.He said: “Bakery has become associated with frilliness and The Great British Bake-Off. We are showing that it does not need to be, there is another way.”The traybakes specialist offers unfancy iced rectangles, handmade at its Devon bakery, near Exeter. These are sold in the Devon area as well as in London, via its premises in a railway arch in East London.The bakery sells to customers including Monmouth Coffee, Oxford explained. As part of that partnership a big focus for the company is working out coffee blend and cake pairs that go well together, in the same way that wine can be paired with food.The Exploding Bakery cakes range includes lemon and almond polenta, cherry and pistachio and rye brownie, which can be recommended against particular coffees.Oxford says: “Flavour is key. A particular region’s coffee will bring out flavours in a particular cake and vice versa.”Among the other bakers at the Speciality & Fine Food Fair were Paul Rhodes Bakery, Stag Bakeries, Karaway Bakery and The Polish Bakery.Flower & White launched a range of gluten free Muffinz, A Tarte exhibited its range of almond tarts, and Gorg’ Cakes showcased handmade Fondant FanciesAnd new products being showcased included salt sourced from the Kalahari in Botswana from the company Oryx Desert Salt, protein bars made from dried insects from Jimini’s and Olive leaf tea, from the leaves of the olive tree.Crushed-fruit smoothies, speciality popcorn and coconut water products were also on display around the show.Visitors included buyers from Waitrose and Selfridges, restaurants and hotels, as well as more than 350 delis and 250 farm shops.The Speciality & Fine Food Fair 2017 took place at Olympia on 3-5 September.last_img read more