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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 3.4%. Workers’ earnings fell to $1,148/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 are losing their upward momentum falling by -0.8%. [Read more…] about U.S. Market Recon – May 2023

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 3.4%. Workers’ earnings fell to $1,146/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 are losing their upward momentum falling by -0.8%. [Read more…] about U.S. Market Recon – March 2023

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 3.4%. Workers’ earnings fell to $1,146/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 1.7%. [Read more…] about U.S. Market Recon – February 2023

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is holding steady at 3.7%. Workers’ earnings are holding steady at $8,764/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 6.8%. [Read more…] about U.S. Market Recon – December 2022

The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is trying to escape its downward trend, with the headline rate ticking up to 3.7%. Workers’ earnings continue to fall, with average earnings declining to $1,124/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 6.8%. [Read more…] about U.S. Market Recon – November 2022