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The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.9%. Workers’ earnings are holding steady at $9,800/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.7%. [Read more…] about U.S. Market Recon – December 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.9%. Workers’ earnings continue to rise, with average earnings climbing to $1,027/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.7%. [Read more…] about U.S. Market Recon – November 2020

The US economy shrank in the past quarter continuing its previous decline. Unemployment is losing its upward momentum, with the headline rate ticking down to 7.9%. Workers’ earnings continue to rise, with average earnings climbing to $1,023/week. Rental vacancies continue to fall, with the national rate ticking down to 5.7%. Home ownership continues to rise, with the national rate climbing up to 68%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.7%. [Read more…] about U.S. Market Recon – October 2020

The US economy shrank in the past quarter continuing its previous decline. Unemployment is losing its upward momentum, with the headline rate ticking down to 8.4%. Workers’ earnings continue to rise, with average earnings climbing to $1,020/week. Rental vacancies continue to fall, with the national rate ticking down to 5.7%. Home ownership continues to rise, with the national rate climbing up to 68%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.7%. [Read more…] about U.S. Market Recon – September 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 11.1%. Workers’ earnings fell to $1,013/week this month, though the long-term trend is positive. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.6%. Home ownership continues to rise, with the national rate climbing up to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.9%. [Read more…] about U.S. Market Recon – July 2020