Economy

Housing

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