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The US economy shrank in the past quarter reversing direction from the previous quarter. Unemployment continues to fall, with the headline rate ticking down to 3.5%. Workers’ earnings continue to fall, with average earnings declining to $1,117/week. Rental vacancies continue to fall, with the national rate ticking down to 5.6%. 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 3.6%. [Read more…] about U.S. Market Recon – August 2022

The US economy shrank in the past quarter continuing its previous decline. Unemployment is holding steady at 3.6%. Workers’ earnings are holding steady at $8,001/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 5.8%. Home ownership is losing its upward momentum, with the national rate declining to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.6%. [Read more…] about U.S. Market Recon – July 2022

The US economy shrank in the past quarter continuing its previous decline. Unemployment is holding steady at 3.6%. Workers’ earnings are holding steady at $9,610/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 5.8%. Home ownership is losing its upward momentum, with the national rate declining to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.4%. [Read more…] about U.S. Market Recon – June 2022

The US economy shrank in the past quarter continuing its previous decline. Unemployment is holding steady at 3.6%. Workers’ earnings continue to fall, with average earnings declining to $1,102/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 5.8%. Home ownership is losing its upward momentum, with the national rate declining to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 3.4%. [Read more…] about U.S. Market Recon – May 2022

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 continue to fall, with average earnings declining to $1,098/week. Rental vacancies continue to fall, with the national rate ticking down to 5.6%. 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 3.4%. [Read more…] about U.S. Market Recon – April 2022