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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

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 6.3%. Workers’ earnings fell to $1,049/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 1.7%. [Read more…] about U.S. Market Recon – February 2021

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.7%. Workers’ earnings are holding steady at $9,120/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.7%. [Read more…] about U.S. Market Recon – January 2021

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.9%. Workers’ earnings are holding steady at $9,800/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.7%. [Read more…] about U.S. Market Recon – December 2020

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.9%. Workers’ earnings continue to rise, with average earnings climbing to $1,027/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.7%. [Read more…] about U.S. Market Recon – November 2020