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 fell to $955/week this month, though the long-term trend is positive. Home ownership is losing its upward momentum, with the national rate declining to 64%. Home building applications are trying to escape their downward trend this month and quarterly housing prices continue to rise a further 0.3%. [Read more…] about U.S. Market Recon – May 2019