Eye On Housing
Author Archives
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CPI Growth Slows in May
In May, headline inflation rose slower relative to April, while core inflation remained unchanged. On a seasonally adjusted basis, the Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.1% in May, after a 0.3% increase in April. It was the smallest gain since January 2019. Excluding the volatile food and energy components, the “core”… Read More ›
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Job Growth Softened in May
Total nonfarm payroll employment increased by 75,000 in May, while the unemployment rate remained at 3.6%. Residential construction employment increased by 5,200 in May, after a decline of 1,600 jobs in April. The total construction industry (both residential and nonresidential) gained 4,000 jobs in May. According to the Employment Situation Summary for May, released by the Bureau of Labor Statistics… Read More ›
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Home Price Gains Continued to Slow in March
Home price appreciation continued to slow in March. Five out of the 20 metro areas experienced price declines while Boston led the way with a 14.0% annual growth rate in March. 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 3.2% in March, following an increase of… Read More ›
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Core Inflation Unchanged in April
In April, core inflation remained unchanged. And, overall inflation decreased as increases in energy prices slowed and the food index fell. On a seasonally adjusted basis, the Consumer Price Index (CPI), released by the Bureau of Labor Statistics (BLS), rose by 0.3% in April, after a 0.4% increase in March. Excluding the volatile food and energy components, the “core” CPI… Read More ›
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263,000 Jobs Added in April
Total nonfarm payroll employment increased by 263,000 in April, while the unemployment rate declined to 3.6%. Residential construction employment increased by 600 in April, after the increase of 11,200 jobs in March. The total construction industry (both residential and nonresidential) gained 33,000 jobs in April. According to the Employment Situation Summary for April, released by the Bureau of Labor Statistics… Read More ›
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Home Price Gains Slowed in February
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 3.8% in February, following the increase of 3.2% in January. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index rose by 4.0% in February, down from 4.2% in January. It was the lowest annual gain… Read More ›
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US Economic Growth Surprises to Upside in First 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 3.2% in the first quarter of 2019, faster than the 2.2% increase in the fourth quarter of 2018 and above NAHB’s forecast. It is the 20th consecutive quarter of growth. Since the first quarter of 2017,… Read More ›
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Energy Prices Rose Sharply in March
The Bureau of Labor Statistics (BLS) released the Consumer Price Index for March. On a seasonally adjusted basis, the Consumer Price Index (CPI) rose by 0.4% in March, after a 0.2% increase in February. Excluding the volatile food and energy components, the “core” CPI increased by 0.1% in March, the same increase as in February. The price index for a… Read More ›
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Monthly Employment Growth Improved in March
Total payroll employment increased by 196,000 in March, while the unemployment rate was unchanged at 3.8%. Residential construction employment increased by 12,200 in March, after the decline of 8,100 jobs in February. The total construction industry (both residential and nonresidential) gained 16,000 jobs in March. According to the Employment Situation Summary for March, released by the Bureau of Labor Statistics… Read More ›
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Annual Home Price Growth Slows in January
National home price appreciation continued to slow at the beginning of 2019. Three metro areas in California (San Francisco, Los Angeles and San Diego), Cleveland and Chicago experienced home price declines in January. 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 2.8% in January, after rising… Read More ›