Dear Clients and Investors,

Patch of Land, Inc and its team was acquired in July of 2021. As part of our continuing efforts to wind down legacy operations, we have discontinued the legacy online portal as of August 15th, 2023

If you require legacy records or have any questions regarding past investment projects, please contact us at this address: [email protected]. Tax statements will still be timely delivered to the client addresses we have on file.

The Patch of Land Blog

Learn about all the latest happenings.

The Equilibrium Report: 12/15/14 to 12/19/14

12/15- Home builder's Survey(Dec)

The National Association of Home Builders/ Wells Fargo sentiment fell to 57 from 58 last month. A Bloomberg survey had the gauge going to 59. Overall, this slip is not too bad as we only fell by a point and we are still at a 9 year high.

http://www.bloomberg.com/news/2014-12-15/homebuilder-confidence-in-u-s-hovers-around-nine-year-high.html

 

12/16- Housing Starts (Nov),Housing Starts (Nov)

Housing start permits fell for the month of November. Ground breaking declined 1.6% to a seasonally adjusted 1.028 million-unit pace.  Although we had a drop, we still had a strong total number, which show we are growing at a steady pace.

http://www.cnbc.com/id/102272180

 

12/17- Consumer Price Index (Q3), Consumer Price Index (Q3)

CPI feel by 0.30% which is the largest drop since December of 2008. CPI staying this low is keeping the inflation rate under the fed's 2% level, but many believe the fed will still raise rates next year, even if its stay below due to other factors that are showing the US economy's strength.

 

12/18- Initial and continuing jobless claims

Initial jobless claims dropped by 6,000 to a level of 289,000. Economist estimated a level of 293,000. Continuing claims feel to by 147K to a level of 2.37 million.  This might indicate that the labor market is still moving along with a lot of strength. This strong indicator is surely to be used as a strong pro for rate increases next year.

http://www.latimes.com/local/la-fi-jobless-claims-20141218-story.html



If you want to learn more, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
New Call-to-action
If you still want to know how Patch of Land works for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.

Comments (Please allow 24hours for approval)