Tag Archive for ‘eye on the economy’

Eye on the Economy: Modest Gains for Home Construction

After a disappointing set of housing data last month, recent reports suggest a return to trend for home building as the nation enters the spring home buying season. Home builders reversed a one-month decline in sentiment as the April NAHB/Wells Fargo Housing Market Index (HMI) increased 4 points to 56 in April from a one-point downwardly revised 52 in March…. Read More ›

Eye on the Economy: Weak Employment Gains in March

The March employment report disappointed most economists, casting some doubt on the strength of the labor market. The Bureau of Labor Statistics reported that payroll employment expanded by only 126,000 positions, with downward revisions totaling 69,000 for previously reported jobs gains in January and February. While the unemployment rate held steady at 5.5%, the downshift in the size of monthly… Read More ›

Eye on the Economy: A Focus on Employment

While housing and the economy are off to a slow start at the beginning of 2015, positive developments in the labor market are a source of growing momentum, particularly for housing demand. In February, data from the Bureau of Labor Statistics (BLS) indicate that payroll employment expanded by 295,000 jobs and the unemployment rate dropped to 5.5%. It is important… Read More ›

Eye on the Economy: A Slow Start for 2015

Housing and residential construction have gotten off to a slow start at the beginning of the year. January data have been disappointing, although current indicators continue to suggest home building will grow in the year ahead. In particular, solid job growth and historically low mortgage rates should help unleash growing pent-up demand and keep the housing market moving forward. Home… Read More ›

Eye on the Economy: Jobs Gains Will Support Housing Demand

The end of 2014 saw an acceleration of job creation that compared favorably with the poor start to the year. Combined with the ongoing expansion of consumer confidence, these trends will help support housing demand and residential construction during 2015. The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 257,000 in January, with an additional 147,000 jobs… Read More ›

Eye on the Economy: Labor Market Gains and Rising Consumer Confidence

Rising consumer confidence and recent labor market gains are positive developments for rental and owner-occupied housing demand going into 2015. The Thomson Reuters/University of Michigan Consumer Sentiment Index December reading rose to the most favorable level since its last cyclical peak in January 2007. The survey indicated consumers anticipated a significant income increases in 2015. The separate Conference Board Consumer… Read More ›