Eye On Housing
Author Archives
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Home Price Appreciation Unchanged in November
In November, national home prices rose at the same annual growth rate as in October. Three metro areas, including San Francisco, Seattle and San Diego, experienced home price declines in November, while home prices in Los Angeles were unchanged. The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate… Read More ›
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CPI Slipped in December
In December, a big drop in energy prices dragged down headline inflation below zero, while core inflation remained steady. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), declined by 0.1% in December on a seasonally adjusted basis, after being unchanged in November. The “core” CPI, which excludes the volatile food and energy components, increased by… Read More ›
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Job Growth Surged in December
At the end of 2018, job growth surged. Total employment increased by 312,000 in December and the unemployment rate rose to 3.9%; however, this increase was good news because it was generated by growth in the labor force. Residential construction employment increased by 1,700 in December. The total construction industry (residential and nonresidential) added 280,000 jobs in 2018, more than… Read More ›
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Home Price Appreciation Stepped Up in October
National home prices rose faster at a seasonally adjusted annual growth rate in October than in September. In October, Las Vegas reported the highest gain while two metro areas, San Francisco and Seattle, experienced home 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 6.1%… Read More ›
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Headline Inflation Flat in November
The pace of headline inflation slowed from 0.3% in October to 0.0% in November as energy prices declined sharply. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), was unchanged in November on a seasonally adjusted basis, following a 0.3% increase in October. The “core” CPI, which excludes the volatile food and energy components, increased by… Read More ›
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Job Market Slowed in November
After a big job gain last month, hiring slowed in November. Total employment increased by 155,000 and the unemployment rate remained unchanged at 3.7%. Residential construction employment increased by 7,900 in November. The industry has added 205,000 jobs since 2017. According to the Employment Situation for November released by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose… Read More ›
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Home Price Appreciation Slowed in September
In September, national home prices continued to rise but at a slower pace. Moreover, two metro areas experienced home price declines in September. 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 4.6% in September, slower than the 6.9% increase in August. On a year-over-year basis, the… Read More ›
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Energy Prices Pushed CPI Higher in October
The CPI accelerated over the month of October reflecting increases in energy prices and the “core” CPI. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% on a seasonally adjusted basis in October, faster than the 0.1% increase in September. It was the fastest monthly growth rate in the past nine months. The… Read More ›
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250,000 Jobs Added in October
In the tenth month of 2018, total employment increased by 250,000 and the unemployment rate remained unchanged at 3.7%, suggesting a very strong job market. Residential construction employment increased by 16,600 in October and has risen by 143,500 over the last 12 months. Total nonfarm payroll employment rose by 250,000, following the increase of 118,000 jobs in September, according to… Read More ›
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Home Price Appreciation Continued in August
Nationally, home price appreciation continued in August. Based on a seasonally adjusted annual growth rate, home prices in Seattle, New York and San Diego declined faster in August than in July. Home prices in New York has decreased for the fifth consecutive month. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at… Read More ›