Housing

It is most certainly an issuers' market as rates are low, credit spreads continue to tighten, money pours into municipal bond mutual funds at record levels and a net negative supply of more than $11 billion.

A 'perpetual calm' continues to fall over the municipal market as inflows into municipal funds, combined with the shortage of traditional tax-exempt supply, is directing most aspects of daily market activity.

Refinitiv Lipper reports another multi-billion week of inflows, the domino effect from such strong flows is that secondary selling doesn’t need to be so active, creating fewer opportunities for new inquiry, analysts say.

The Federal Reserve Bank of Philadelphia's manufacturing index fell to a seventh- month low, while jobless claims hit a three-month high.

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.

California overcame a legal challenge to use bond authority to provide housing for homeless people suffering from mental illness.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

Gross domestic product surged in the third quarter's first read, but analysts suggest the rising number of coronavirus cases bodes ill for fourth quarter growth.

Consumers cut back on purchasing plans, suggesting they see a tough fourth quarter, economists said.

State housing and economic development Secretary Mike Kennealy will lead the search for a successor at the commonwealth's finance and development agency.

Jobless claims fell to below 800,000, existing home sales soared, leading indicators rose more than expected and the Kansas City Fed manufacturing index also climbed in the latest reading.

Housing starts and building permits both rose in September, as the housing market remains the "best part of the U.S. economy."

Declining occupancy levels at privatized student housing projects are likely to continue into early 2021 as the sector confronts headwind from the COVID-19 pandemic, according to analysts.

The end-of-month economic data was positive, with even GDP coming in above expectations.

Most panelists don't expect rates to budge in the three-year projection horizon.

The economy continues on a fragmented recovery from the pandemic, with the housing market being a positive sign and labor having issues.

Consumer confidence sputtered even as new home sales surged, highlighting an uneven economic recovery.

New residential construction figures surpassed generous expectations, with low mortgage rates fueling the gains, which could be a boon for economic growth.

No surprises from the Fed, not much for it to do at this point.

As the coronavirus infections rise in parts of the nation, the economy is suffering.