Economy
Housing
The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment is losing its upward momentum, with the headline rate ticking down to 6.9%. Workers’ earnings continue to rise, with average earnings climbing to $1,027/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.4%. Home ownership is losing its upward momentum, with the national rate declining to 67%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.7%. [Read more…] about U.S. Market Recon – November 2020