177 Quotes by Steven Wood

Housing fundamentals are deteriorating, ... Mortgage rates have been flat since the beginning of the year. Job creation and income growth has slowed. Equity markets have plunged over the past year. And consumer confidence has tumbled. Moreover, mortgage applications have trailed off. All of these suggest that home sales should weaken over the next several months.

This will help boost overall economic growth to above 4 percent; our current (third-quarter) estimate is 4.5.

Housing activity, which has contributed significantly to economic growth over the past 2-1/2 years, has now passed its peak and will be largely neutral to negative over the next several quarters, ... This slowdown will be welcomed at the Federal Reserve.

There are a few tentative hints -- higher new orders, a drop in the inventory-to-sales ratio -- that the period of maximum weakness has likely passed. Although further declines in output are anticipated, the rate of decline should gradually diminish.

Housing activity remains quite robust despite the slowing economy, decline in jobs, and faltering stock market.

With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.

Households' economic attitudes have declined modestly over the last six months, ... But the level suggests consumers remain very optimistic about their personal financial condition.

With the airlines reducing schedules, we've already seen that cascade back on airline manufacturers like Boeing. And that has cascading effects on hundreds, if not thousands, of vendors who supply parts and components to Boeing.

Households are maintaining relatively optimistic assessments of economic conditions, largely in defiance of actual events.