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The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 4.0%. Workers’ earnings continue to rise, with average earnings climbing to $951/week. Rental vacancies continue to fall, with the national rate ticking down to 6.6%. Home ownership continues to rise, with the national rate climbing up to 65%. Home building applications continue to fall this month and quarterly housing prices continue to rise a further 0.3%. [Read more…] about U.S. Market Recon – March 2019

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 3.9%. Workers’ earnings continue to rise, with average earnings climbing to $948/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 7.1%. Home ownership continues to rise, with the national rate climbing up to 64%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.5%. [Read more…] about U.S. Market Recon – January 2019

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 3.7%. Workers’ earnings fell to $941/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 7.1%. Home ownership continues to rise, with the national rate climbing up to 64%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 1.5%. [Read more…] about U.S. Market Recon – December 2018

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 3.7%. Workers’ earnings continue to rise, with average earnings climbing to $942/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 7.1%. Home ownership continues to rise, with the national rate climbing up to 64%. Home building applications continue to fall this month and quarterly housing prices continue to rise a further 2.4%. [Read more…] about U.S. Market Recon – November 2018

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 3.7%. Workers’ earnings continue to rise, with average earnings climbing to $940/week. Home ownership continues to rise, with the national rate climbing up to 64%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 2.4%. [Read more…] about U.S. Market Recon – October 2018