Eye On Housing
Author Archives
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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 ›
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Upside Surprise for Economic Growth for the Third Quarter
In the third quarter of 2018, the nation’s economy grew at a slower pace than in the second quarter. According to the “advance” estimate released by the Bureau of Economic Analysis, real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018, following the strong growth in the second quarter. It is… Read More ›
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CPI Growth Slows in September
Headline inflation rose slower in September relative to August, while core inflation was unchanged. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), rose by 0.1% on a seasonally adjusted basis in September, slower than the 0.2% increase in August. The “core” CPI, which excludes the volatile food and energy components, increased by 0.1% in September,… Read More ›
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Unemployment Falls to 3.7% in September
The labor market continues to be very strong as total employment increased by 134,000 and the unemployment rate declined by 0.2 percentage point to 3.7% in September. Residential construction employment increased by 4,400 and has risen by 139,600 over the last 12 months. In September, total nonfarm payroll employment rose by 134,000, following the increase of 270,000 jobs in August,… Read More ›