Economy
Housing
The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 3.7%. Workers’ earnings continue to rise, with average earnings climbing to $960/week. Home ownership is losing its upward momentum, with the national rate declining to 64%. Home building applications are trying to escape their downward trend this month and quarterly housing prices continue to rise a further 0.9%. [Read more…] about U.S. Market Recon – July 2019