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The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 4.4%. Workers’ earnings continue to rise, with average earnings climbing to $906/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 7.0%. Home ownership continues to fall, with the national rate declining to 64%. 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 – July 2017

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 4.3%. Workers’ earnings continue to rise, with average earnings climbing to $901/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 7.0%. Home ownership continues to fall, with the national rate declining to 64%. Home building applications are losing their upward momentum this month and quarterly housing prices continue to rise a further 0.8%. [Read more…] about U.S. Market Recon – June 2017

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 4.4%. Workers’ earnings continue to rise, with average earnings climbing to $901/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 7.0%. Home ownership continues to fall, with the national rate declining to 64%. 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 2017

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 4.5%. Workers’ earnings climbed to $897/week this month, though the long-term trend is negative. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.9%. Home ownership is trying to escape its downward trend, with the national rate climbing to 64%. 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 2017