Investing

SteelPath November MLP update and news

The master limited partnership (MLP) sector saw a series of events take place in October, including the start of third- quarter earnings season and yet another MLP simplification eliminating incentive distribution rights. And though the weight of energy stocks in the S&P 500 Index recently hit an all-time low, we’ve seen this story before, and […]

Stock

BLS: October Unemployment rates at New Series Lows in Alabama, California, Maine and South Carolina

From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in October in 4 states, higher in 2 states, and stable in 44 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Eight states had jobless rate decreases from a year earlier, 3 states had increases, […]

Stock

Comments on October Housing Starts

Earlier: Housing Starts increased to 1.314 Million Annual Rate in October Total housing starts in October were at expectations and revisions to prior months were minor. The housing starts report showed starts were up 3.8% in October compared to September, and starts were up 8.5% year-over-year compared to October 2018. Single family starts were up […]

Investing

DOL proposes electronic disclosure rule for retirement plans

On Oct. 22, 2019, the Department of Labor (DOL) proposed a rule that’s meant to encourage more employers to issue retirement plan disclosures electronically to plan participants. The rule would allow sponsors of 401(k) and other defined contribution (DC) plans to default participants with valid email addresses into receiving all of their retirement plan disclosures […]

Real Estate

U.S. Home Prices up 5.4% in October

Low mortgage rates prop up homebuyer demand as inventory declines U.S. home-sale prices increased 5.4% year over year in October to a median of $313,200 across the 217 metros Redfin tracks. The increase was the largest since July 2018, although current strength may be overstated given the weakening housing market a year ago. Prices also […]

Stock

Tuesday: Housing Starts

From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in 2 Weeks Mortgage rates added to last week’s improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks–a welcome change after hitting the highest levels in more than 3 months on Friday November 8th. [Most […]