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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

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 3.8%. Workers’ earnings climbed to $1,096/week this month, though the long-term trend is negative. 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 – March 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 4.0%. Workers’ earnings continue to fall, with average earnings declining to $1,091/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 5.6%. [Read more…] about U.S. Market Recon – February 2022

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 4.2%. Workers’ earnings continue to fall, with average earnings declining to $1,080/week. Rental vacancies continue to fall, with the national rate ticking down to 5.8%. Home ownership is holding steady at 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 5.6%. [Read more…] about U.S. Market Recon – December 2021