Economy
Housing
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 continue to fall, with average earnings declining to $1,098/week. Rental vacancies continue to fall, with the national rate ticking down to 5.6%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.4%. [Read more…] about U.S. Market Recon – April 2022