Eye On Housing
Author Archives
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CPI Growth Slows in August
In August, headline inflation rose slower relative to July, while core inflation remained unchanged. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.1% on a seasonally adjusted basis in August, slower than the 0.3% increase in July. Excluding the volatile food and energy components, the “core” CPI increased by 0.3% in August, the… Read More ›
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Job Gains Slowed in August
In August, total nonfarm payroll employment increased by 130,000, while the unemployment rate stayed at 3.7%. Residential construction employment increased by 2,300 in August, after an increase of 4,900 jobs in July. The total construction industry (both residential and nonresidential) employment totaled about 7.5 million in August. According to the Employment Situation Summary for August, released by the Bureau of… Read More ›
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Home Price Appreciation Slows in June
National home price appreciation continued to slow in June. Three metro areas, including New York, Miami and Seattle, experienced home price declines for the month. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices slowed to a 1.9% seasonally adjusted annual growth rate in June, from 2.4% in May. On a year-over-year basis, the Case-Shiller U.S…. Read More ›
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Consumer Prices Rise Broadly in July
Headline inflation accelerated over the month of July, while core inflation remained unchanged. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% on a seasonally adjusted basis in July, faster than the 0.1% increase in June and May. Excluding the volatile food and energy components, the “core” CPI increased by 0.3% in July,… Read More ›
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Job Growth Slowed in July
In July, total nonfarm payroll employment increased by 164,000, while the unemployment rate held at 3.7%. Residential construction employment increased by 7,400 in July, after an increase of 5,000 jobs in June. The total construction industry (both residential and nonresidential) employment was about 7.5 million in July. According to the Employment Situation Summary for July, released by the Bureau of… Read More ›
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Home Price Appreciation Slows in May
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices slowed to a 3.0% seasonally adjusted annual growth rate in May, from 3.3% in April. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index reported a 3.4% annual gain in May, down from 3.5% in April. It was the lowest annual gain since September… Read More ›
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US Economic Growth Slows to 2.1% in Second Quarter
According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) increased at an annual rate of 2.1% in the second quarter of 2019, down from a 3.1% increase in the first quarter of 2019 and above NAHB’s forecast of 1.6%. It is the 21st consecutive quarter of growth. Today’s release also reflected… Read More ›
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Gain in Core Inflation in June
In June, core inflation increased relative to May, while headline inflation remained unchanged. The Bureau of Labor Statistics (BLS) released the Consumer Price Index for June. On a seasonally adjusted basis, the Consumer Price Index (CPI) rose by 0.1% in June, the same increase as in May. Excluding the volatile food and energy components, the “core” CPI increased by 0.3%… Read More ›
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Job Growth Rebounded Sharply in June
Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate edged up to 3.7%. Residential construction employment increased by 6,000 in June, after an increase of 3,800 jobs in May. The total construction industry (both residential and nonresidential) employment reached to 7.5 million, by adding 21,000 jobs in June. According to the Employment Situation Summary for June,… Read More ›
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Home Price Gains Continued to Slow in April
Nationally, home price appreciation continued to slow in April. On the growth side, Boston led the way with an 11.0% annual growth rate in April, while four metro areas experienced price declines. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 3.4% in April, following an increase… Read More ›