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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 13.3%. Workers’ earnings continue to rise, with average earnings climbing to $1,032/week. 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 – June 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to rise, with the headline rate ticking up to 4.4%. Workers’ earnings continue to rise, with average earnings climbing to $979/week. 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 0.8%. [Read more…] about U.S. Market Recon – May 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to rise, with the headline rate ticking up to 4.4%. Workers’ earnings fell to $979/week this month, though the long-term trend is positive. Rental vacancies continue to fall, with the national rate ticking down to 6.4%. 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 0.8%. [Read more…] about U.S. Market Recon – April 2020

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment continues to fall, with the headline rate ticking down to 3.5%. Workers’ earnings continue to rise, with average earnings climbing to $981/week. Rental vacancies continue to fall, with the national rate ticking down to 6.4%. 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 0.8%. [Read more…] about U.S. Market Recon – March 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to fall, with the headline rate ticking down to 3.5%. Workers’ earnings fell to $973/week this month, though the long-term trend is positive. Rental vacancies are holding steady at 6.8%. 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 1.0%. [Read more…] about U.S. Market Recon – January 2020