Eli

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 4.9%. Workers’ earnings continue to rise, with average earnings climbing to $878/week. Rental vacancies continue to fall, with the national rate ticking down to 7.0%. Home ownership is trying to escape its downward trend, with the national rate climbing to 64%. Home building applications are losing their upward momentum this month and quarterly housing prices continue to rise a further 1.0%. [Read more…] about U.S. Market Recon – February 2016

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 5.0%. Workers’ earnings continue to rise, with average earnings climbing to $872/week. Rental vacancies continue to fall, with the national rate ticking down to 7.0%. 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 1.0%. [Read more…] about U.S. Market Recon – January 2016