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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 4.2%. Workers’ earnings continue to fall, with average earnings declining to $1,080/week. Rental vacancies continue to fall, with the national rate ticking down to 5.8%. Home ownership is holding steady at 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 5.6%. [Read more…] about U.S. Market Recon – December 2021

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 4.6%. Workers’ earnings continue to fall, with average earnings declining to $1,074/week. Rental vacancies continue to fall, with the national rate ticking down to 5.8%. Home ownership is holding steady at 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 – November 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 5.2%. 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

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 continue to fall, with average earnings declining to $1,066/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 – September 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 5.4%. 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