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 5.2%. Workers’ earnings are holding steady at $9,235/week. Rental vacancies continue to fall, with the national rate ticking down to 6.2%. Home ownership is losing its upward momentum, with the national rate declining to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 5.3%. [Read more…] about U.S. Market Recon – October 2021