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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 5.4%. Workers’ earnings continue to fall, with average earnings declining to $1,063/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 2.2%. [Read more…] about U.S. Market Recon – August 2021

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 5.9%. Workers’ earnings continue to fall, with average earnings declining to $1,055/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.8%. Home ownership is losing its upward momentum, with the national rate declining to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 2.2%. [Read more…] about U.S. Market Recon – July 2021

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 5.8%. Workers’ earnings continue to fall, with average earnings declining to $1,059/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.8%. Home ownership is losing its upward momentum, with the national rate declining to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 2.2%. [Read more…] about U.S. Market Recon – June 2021

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.0%. Workers’ earnings fell to $1,046/week this month, though the long-term trend is positive. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.5%. Home ownership is losing its upward momentum, with the national rate declining to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 2.1%. [Read more…] about U.S. Market Recon – April 2021

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.2%. Workers’ earnings fell to $1,038/week this month, though the long-term trend is positive. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.5%. Home ownership is losing its upward momentum, with the national rate declining to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 2.1%. [Read more…] about U.S. Market Recon – March 2021