The Real Estate Channel

Real Asset Alternative CEFs

Real asset alternative investments in a CEF format may appeal to investors seeking inflation protection, says Larry Antonatos of Brookfield Asset Management.

Money, Money Everywhere, Not an Asset to Buy

During the next two decades, an estimated 76 million baby boomers – the bulge of the Western population born between 1946 and 1964 – will begin the process of going from growing and accumulating earnings to retiring and distributing their wealth.

January New Home Sales Up 3.7% MoM, Below Forecast

This morning's release of the January New Home Sales from the Census Bureau came in at 555K, up 3.7% month-over-month from a revised 535K in December. Seasonally adjusted estimates for October and November were also revised. The forecast was for 570K.

The Administration Now Faces the Hurdles of Reality

There has rarely been a new presidential administration in the history of the United States that has tried to get so much done in its first ten days as the current one.

FHFA House Price Index Up 0.4% in December, 1.5% in Q4

The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. U.S. house prices rose in December, up 0.4 percent on a seasonally adjusted basis from the previous month. Year-over-year the index is up 6.2% (nonseasonally adjusted). The index was up 1.5% in Q4 2016.

US Economic Freedom Index Plunged Over Last Eight Years

We touch on several bases today. We begin with the Heritage Foundation’s annual Economic Freedom Index, which plunged during the eight years of the Obama presidency. From there, we look at some recent economic data which is quite encouraging overall.

Existing-Home Sales Jump in January

This morning's release of the January Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.69 million units from an upwardly revised 5.51 million in December. The consensus was for 5.54 million. The latest number represents a 3.3% increase from the previous month and a 3.8% increase year-over-year.

What Advisors Should Know About Illiquidity

Relatively few investment advisors are making private equity available to their high-net-worth clients, according to new research from iCapital Network. 

Cash-Out Refinancing During Bubble Years Will Lead to Disaster

Nearly all analysts who write about the housing bubble have focused on the purchasing madness that occurred. While this is important, it overlooks the refinancing insanity of 2004-2007. This refinancing lunacy will devastate mortgage and housing markets for years to come.

Yellen Signals Higher Official US Rates

US Federal Reserve Chair Janet Yellen offered an upbeat assessment of the US economy, signaling that further rate hikes are in store for 2017. But will the Fed also reduce the size of its balance sheet?

Big Winners in the Neglected Frontier Universe

Frontier markets were mixed in 2016, with most of the Middle East and Africa lagging the rest of the universe and a few mar­kets surging ahead 30-40% on the year.

Secular Trends in Residential Building Permits and Housing Starts

Over the long haul the two series offer a compelling study of trends in residential real estate. Here is an overlay of the two series since the 1959 inception of the Starts data and the Permits data, which began being tracked a year later. The monthly data points are preserved as faint dots. The trends are illustrated with 6-month moving averages of data divided by the Census Bureau's mid-month population estimates.

New Residential Housing Starts in January Beat Consensus

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for January new residential housing starts. The latest reading of 1.246M was above the forecast of 1.222M. The December count was revised upward by 53K.

New Residential Building Permits: January Above Forecast

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for January new residential building permits. The latest reading of 1.285M was an increase from 1.228M in December and below the forecast of 1.230M. December was revised upward by 18K. 

NAHB Housing Market Index: "Builders Still Optimistic in February"

The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest reading of 65, down 2 from last month, came in below the forecast of 67.