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The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to rise, with the headline rate ticking up to 3.9%. Workers’ earnings continue to fall, with average earnings declining to $1,166/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.0%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.1%. [Read more…] about U.S. Market Recon – November 2023

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment is holding steady at 3.8%. Workers’ earnings fell to $1,165/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 6.0%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.1%. [Read more…] about U.S. Market Recon – October 2023

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to rise, with the headline rate ticking up to 3.8%. Workers’ earnings continue to fall, with average earnings declining to $1,163/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.0%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.1%. [Read more…] about U.S. Market Recon – September 2023

The US economy grew in the past quarter picking up the pace from the previous quarter. Workers’ earnings continue to fall, with average earnings declining to $1,157/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.0%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.3%. [Read more…] about U.S. Market Recon – August 2023

The US economy grew in the past quarter, though not as strongly as it had previously. Unemployment continues to rise, with the headline rate ticking up to 3.7%. Workers’ earnings fell to $1,147/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 6.0%. Home ownership continues to rise, with the national rate climbing up to 66%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.3%. [Read more…] about U.S. Market Recon – June 2023