mortgage debt trends

US households are deleveraging mortgage debt

Eric Garland DataLab

This chart from Deutsche Bank Research shows that since the financial crisis of 2008 and beyond, US households have been deleveraging their mortgage debt. This is a major reversal, and the chart shows this is the first major trend in this direction since the post-World-War-II era. US consumer credit continues to leverage up slightly. These trends combined may explain recent …

west texas intermediate crude price chart

West Texas Intermediate Crude Oil price, 2012-2017

Eric Garland DataLab

Tracking West Texas Intermediate crude (WTI) price is an essential element of understanding the global economy. As the world watches in mute horror at the interaction between the Russian Federation and the West, the price of oil is even more important in understanding the behavior of an economy based mainly on fossil fuels. Also, consider that in 2014, the United …

serious delinquencies mortgage

Serious delinquencies for mortgages drop to almost pre-crisis levels

Eric Garland DataLab

Courtesy of Calculated Risk, this chart shows FannieMae and FreddieMac’s reporting on serious delinquencies for U.S. mortgages in the last 20 years. While there is much speculation about whether there is an asset bubble in the housing sector, this indicator shows that the fundamentals may still be holding. The peak of the serious delinquencies occurred when it hit 4.2% in …

Retail Spending Trend United States

Retail spending in the United States continues to increase, 1992-2017

Eric Garland DataLab

Courtesy of Calculated Risk, fine purveyors of macroeconomic data charts, we have the 25 year trend for retail spending in the United States. Retail is shifting in myriad other ways other than total spending, but the quarter-century trend is an incremental, constant increase. Not pictured: the bifurcation of “Dollar Stores” and luxury “experience” retail, consolidation of big box “category killers,” …