U.S. Housing Starts and New One Family Houses U.S. housing starts surged 22.6% in July. Usually, a continued downturn may signal a contraction of the economy. And historically, a decline in residential real estate has led several recessions. But housing is already in a slump and shouldn’t cause a recession.
U.S. Household Net Worth to GDP Rich people are getting richer during the coronavirus pandemic. U.S. household net worth to GDP hit a new record high. Image: Morgan Stanley Research
U.S. Household Debt and Credit Aggregate household debt balances declined by $34bn and stand at $14.27tn. This is the first decline since 2014. Image: Federal Reserve Bank of New York
Estimated Share of Renter Households Facing a Rental Shortfall and Potential Eviction More than 40% of U.S. renters are at risk of eviction, as the Federal eviction moratorium has expired. Image: Statista
Composition of Household Total Assets Chinese households are under invested in equities, with only 7% of total assets compared to 32% for U.S. households. Image: Goldman Sachs Global Investment Research
Saving – Household Spending as % of Disposable Income and 10-Year Treasury Yield As the chart shows, lower yields force households to save more (hyper-globalization 2001-2020). This is a vicious cycle, as forced saving depresses demand. Image: BofA Research Investment Committee
Personal Saving Rate and U.S. Household Savings rate hits its highest level in 40 years, as Americans are accumulating cash. Image: BofA Research Investment Committee
U.S. Household and Personal Saving Rate Americans are accumulating cash, as savings rate hits its highest level since 1981. The Daily Shot – The Wall Street Journal
Aggregated Daily Total Card Spending for U.S. Households That Received CARES Stimulus Payment vs. Those That Did Not This chart suggests that CARES stimulus payments are working, as U.S. households immediately boosted spending. Image: Bank of America Merrill Lynch
Percentage of U.S. Households with No Emergency Savings Acount, by Income 40% of U.S. households don’t have $400 for an emergency expense, and 53% don’t have any emergency savings. Image: Deutsche Bank Global Research