Economy
Housing
The US economy grew in the past quarter picking up the pace from the previous quarter. Unemployment continues to rise, with the headline rate ticking up to 4.4%. Workers’ earnings continue to rise, with average earnings climbing to $979/week. Rental vacancies are trying to escape their downward trend, with the national rate ticking up to 6.6%. Home ownership continues to rise, with the national rate climbing up to 65%. Home building applications continue to rise this month and quarterly housing prices continue to rise a further 0.8%. [Read more…] about U.S. Market Recon – May 2020