Housing troubles continue drag on economy

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The economy slowed in October, with much of the drag coming from a weakness in housing and consumption and a slowdown in employment growth and production, according to the Chicago Fed National.

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Just as the housing sector appears to be recovering, gathering problems in the commercial real estate market threaten to become a new drag on the economy. The collapse in home prices sank many big.

The troubles in housing have acted to depress overall economic activity which slowed to a growth rate of just 1.3 percent in the first three months of this year, the slowest economic growth rate.

Housing’s Drag on the Economy. Ike Brannon . 7 Min Read; Home-building in San Marcos, California, January 2013. The potential economic gains from a rebound in housing could be significant, at.

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The subprime debacle will continue to drag on the housing market, but it won’t break the greater economy, the Fed Chairman said.. we believe the effect of the troubles in the subprime sector on.

"The housing market remains weak, continuing to be a drag on the economy. For instance, single-family housing starts fell 6.4 percent in October to 917,000 units (annualized), the slowest pace since September 1991, nearly 25 percent below that of October 2006.

DBRS settles with SEC over misrepresenting mortgage bond rating capabilities SEC.gov | Mortgage-Backed Securities – Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity.

Such difficulties indicate residential investment may continue to be a drag on the economy despite steady job and wage U.S. New-Home Sales Drop From 11-Year High as Prices Rise