Disappointing housing starts data for May

  • June 16, 2017
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  • realestatelife

May housing starts fell 5.5% to an annual rate of 1.09 million, the lowest in eight months, while economists surveyed had been expecting a 5.1% rise to 1.23 million.

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U.S. retail sales fizzle out in June

  • July 14, 2017
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  • realestatelife

Sales at retailers nationwide fell 0.2% last month to mark the second straight drop and match the biggest decline of the year. Sales also fell 0.1% in May, though fresh revisions show the decline was not as large as originally reported. The disappointing sales figures suggest the U.S. has not rebounded quite as strongly in

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Inflation goes nowhere in June, CPI shows

  • July 14, 2017
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  • realestatelife

The cost Americans pay for goods and services was little-changed in June, larger reflecting lower gasoline prices but also showing that a recent surge in inflation has crested. The consumer-price index, or cost of living, was unchanged last month.

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Mortgage rates jump as bond market finally buys what the Fed is selling

  • July 13, 2017
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  • realestatelife

Rates for home loans jumped in the latest reporting week, taking the benchmark back over a key threshold for the first time since May.

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U.S. economy poised for faster growth? Leading indicators say yes

  • July 20, 2017
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  • realestatelife

A broad measure of how well the U.S. economy is performing surged in June after a strong gain in May, suggesting growth could speed up in the months ahead. The leading economic index jumped 0.6% last month after a revised 0.4% increase in May

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Layoffs hover near 44-year low as firms scramble to find workers

  • July 20, 2017
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  • realestatelife

The number of Americans who applied for unemployment benefits sank in mid-July and hovered near a 44-year low, reflecting the healthiest jobs market in more than a decade. Initial jobless claims in the period running from July 9 to July 15 fell by 15,000 to a seasonally adjusted 233,000. That matches the second-lowest level since

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Philly Fed manufacturing report shows slowing growth in July

  • July 20, 2017
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  • realestatelife

Manufacturers reported solid, but slowing, growth in July. The Philadelphia Federal Reserve said its manufacturing survey in July fell to 19.5 from 27.6 in June.

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Housing starts jump as construction, home buying get back on track

  • July 19, 2017
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  • realestatelife

Housing starts were at a 1.22 million seasonally adjusted annual rate, the Commerce Department said Wednesday, 8.3% higher than in May and 2.1% higher for the year. The MarketWatch consensus of economists was for a 1.16 million annual pace.

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U.S. import prices decline in June for third time in four months

  • July 18, 2017
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  • realestatelife

Falling import prices show that barely any inflation is coming into the U.S. from abroad. The price of imported goods fell in June for the third time in four months, the latest signal that inflation in the U.S. has waned after a rapid buildup last year. The import price index dropped 0.2% last month, largely

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Empire State manufacturing index retreats in July from two-year high

  • July 17, 2017
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  • realestatelife

The New York Fed’s Empire State manufacturing index fell to a seasonally adjusted reading of 9.8 from 19.8 in June. Economists polled by Econoday expected a reading of 15, on a scale where any figure above zero indicates improving conditions. Readings in July for new orders, shipments, inventories, delivery times and number of employees all

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