by Calculated Threat on 9/12/2024 12:29:00 PM
The Federal Reserve launched the Q2 2024 Stream of Funds report at this time: Monetary Accounts of america.
The web value of households and nonprofits rose to $163.8 trillion through the second quarter of 2024. The worth of immediately and not directly held company equities elevated $0.7 trillion and the worth of actual property elevated $1.8 trillion.
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Family debt elevated 3.2 p.c at an annual charge within the second quarter of 2024. Shopper credit score grew at an annual charge of 1.6 p.c, whereas mortgage debt (excluding charge-offs) grew at an annual charge of three p.c.
Click on on graph for bigger picture.
The primary graph reveals Households and Nonprofit internet value as a p.c of GDP.
Web value elevated $2.8 trillion in Q2 to an all-time excessive. As a p.c of GDP, internet value elevated in Q2, however is under the height in 2021.
The second graph reveals home-owner p.c fairness since 1952.
Family p.c fairness (as measured by the Fed) collapsed when home costs fell sharply in 2007 and 2008.
In Q2 2024, family p.c fairness (of family actual property) was at 74.9% – up from 74.2% in Q1, 2024. That is near the best p.c fairness for the reason that Sixties.
Observe: This contains households with no mortgage debt.
The third graph reveals family actual property belongings and mortgage debt as a p.c of GDP.
Mortgage debt elevated by $98 billion in Q2.
Mortgage debt is up $2.34 trillion from the height through the housing bubble, however, as a p.c of GDP is at 45.9% – down from Q1 – and down from a peak of 73.3% of GDP through the housing bust.
The worth of actual property, as a p.c of GDP, elevated in Q2 – however is under the height in Q2 2022, and is effectively above the common of the final 30 years.