Total nonfarm payroll employment rose by 236,000 in March, the Bureau of Labor Statistics reported Friday—the smallest increase in more than two years, but enough to push the unemployment rate down to 3.5 percent.
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Industry Briefs Apr. 7, 2023: HUD Extends AFFH Proposed Rules Comment Period by 2 Weeks
HUD extended the public comment date for its Affirmatively Furthering Fair Housing proposed rule by 14 days, to April 24, per a notice in the Federal Register.
Pending Home Sales up 3rd Straight Month
Pending home sales rose in February, marking the third consecutive monthly increase, the National Association of Realtors reported Wednesday.
February New Home Sales Rise, But Revisions Put Damper on Report
New home sales improved in February, HUD and the Census Bureau reported Thursday, the third straight monthly increase, but only because of downward revisions to previous months.
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market on Wednesday raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
February Housing Starts Up Nearly 10%
February housing starts, permits and completions posted near double-digit percentage increases, ending five months of declines, HUD and the Census Bureau reported Thursday.
Housing Market Roundup Mar. 14, 2023
Here is a summary of recent housing reports that have come across the MBA NewsLink desk:
Strong February Job Growth Muddies Fed Outlook
Employers added 311,000 jobs in February, the Bureau of Labor Statistics reported Friday—good news for the labor market but complicating news for the Federal Reserve, which faces the daunting task next week of encouraging economic growth while taming inflation.
Housing Market Reports: Continued Declines in Home Price Appreciation; Affordability Improves
Three end-of-month home price reports found appreciation declining in many parts of the country, along with increased affordability in many markets.
Pending Home Sales Up Second Straight Month
Pending home sales improved in January for the second consecutive month, the National Association of Realtors reported Monday. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions.