Economy
Housing
The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is holding steady at 4.9%. Workers’ earnings continue to rise, with average earnings climbing to $884/week. Rental vacancies continue to fall, with the national rate ticking down to 6.7%. Home ownership continues to fall, with the national rate declining to 63%. Home building applications continue to fall this month and quarterly housing prices continue to rise a further 2.0%. [Read more…] about U.S. Market Recon – August 2016