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Strategist

A breath of fresh air from the National Association of Home Builders

By: Pierre G. Villere

The top line economic indicators are mixed these days, but we remain bullish at our firm about the future of the construction industry. My frustration is with the press, from CNBC to the major news networks on both the conservative and liberal sides of the political spectrum, with their need to fill the day with news. This results in long, anguished speculation about the state of the economy, and just more of the Chicken Little Syndrome, as I call it (“The sky is falling! The sky is falling!”).

Read more: A breath of fresh air from the National Association of Home Builders

What Recession?

By: Pierre G. Villere

My wife and I were traveling recently, and we had made a reservation at a popular restaurant in the town where we were visiting. When we arrived promptly for our reservation time, the hostess politely told us it would be 15 to 20 minutes before we could be seated. We gladly sat at the bar, observing the restaurant and all the comings and goings. But one fact struck me as odd: 25 percent of the tables were empty. So on our way out, I asked the hostess about this and asked about the wait, and she explained what we all know about the current employment picture: They can’t hire enough servers and kitchen staff to maximize the restaurant’s seating capacity.

Read more: What Recession?

What does a record stock market signal for our economy?

By: Pierre G. Villere

In late June and early July, the stock market indexes all rallied to new, all-time highs, capped off by a surging Dow Jones Industrial Index that closed at a record high on the day before Independence Day. This came about as trader sentiment, whether it is the retail day trader or the institutional investor managing billions, strengthened over what appears to be a thawing on the issues of both tariff negotiations, as well as the general trade picture.

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Lower interest rates cause a jump in mortgage refinancing

By: Pierre Villere

As I have been saying for months now, the fear of a stalling economy coupled with the stock market correction in the Fall of 2018 shook up Federal Reserve Chairman Jerome Powell and his fellow Board Governors, and they made public pronouncements that the Fed would pause any rate hikes for the foreseeable future. Shortly thereafter, the Fed came back and added that they were open to considering a cut in rates depending on the economic metrics they monitor to guide them in those decisions.

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How minorities will influence the housing market over the next decade

By: Pierre G Villere

The immigration debate continues to rage in Washington, D.C., with some in the Republican party now parting ways with President Trump on the issue of the 5 percent tariff on goods manufactured in Mexico. The move has roiled much of American industry because we are so reliant on Mexican imports, and likewise our own domestic manufacturers are so reliant on exports to Mexico’s burgeoning middle class. The dispute is just another example that points to how important prudent immigration policy is for our nation, as legal immigrants have been the mainstay of America’s population growth, and corresponding economic expansion, for almost 250 years.

Read more: How minorities will influence the housing market over the next decade