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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 fell to $966/week this month, though the long-term trend is positive. Rental vacancies are losing their upward momentum, with the national rate ticking down to 6.8%. Home ownership is losing its upward momentum, with the national rate declining to 64%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.8%. [Read more…] about U.S. Market Recon – October 2019

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 3.7%. Workers’ earnings continue to rise, with average earnings climbing to $967/week. Rental vacancies are losing their upward momentum, with the national rate ticking down to 6.8%. Home ownership is losing its upward momentum, with the national rate declining to 64%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.8%. [Read more…] about U.S. Market Recon – September 2019

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 3.7%. Workers’ earnings fell to $960/week this month, though the long-term trend is positive. Rental vacancies are losing their upward momentum, with the national rate ticking down to 6.8%. Home ownership is losing its upward momentum, with the national rate declining to 64%. Home building applications continue to fall this month and quarterly housing prices continue to rise a further 0.9%. [Read more…] about U.S. Market Recon – August 2019

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

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 3.6%. Workers’ earnings fell to $955/week this month, though the long-term trend is positive. 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 0.3%. [Read more…] about U.S. Market Recon – May 2019