Employers Add 638,000 Jobs; Unemployment Remains Elevated

The economy continued its high-low pattern in Friday’s employment report from the Bureau of Labor Statistics. While total nonfarm payroll employment rose by a strong 638,000 in October, and the unemployment rate fell to 6.9 percent, both numbers reflect the devastating economic effects of the coronavirus pandemic.

September Jobs Report Shows Continued Economic Churn

The final national jobs report before the November elections showed a slowing pace of job creation amid continued economic volatility, the Bureau of Labor Statistics said Friday.

August New Home Sales Continue Summer Surge

New home sales topped the one million mark, seasonally adjusted, in August for the first time since 2006, HUD and the Census Bureau reported yesterday.

Monday Report: Red-Hot Housing Markets and a Time-Capsule Survey

This morning’s Monday Report features stories that confirm the housing markets remain hot, regardless of location or political preference; what that might mean for down payments; and a housing survey that, thanks to the coronavirus pandemic, was obsolete the moment it was released.

After Strong Summer, August Housing Starts Underwhelm

Housing starts—one of the bright spots in a red-hot summer housing market—faltered in August, HUD and the Census Bureau reported yesterday, although most of the decline took place in multifamily.

Housing Starts Post Healthy June Gain

July has been a good month for the housing industry thus far; HUD and the Census Bureau kept the momentum going Friday with a positive report on housing starts.

Housing Finance Roundup: July 13, 2020

MBA NewsLink summarizes more than half a dozen new reports from Redfin; Zillow; First American Financial Corp.; Fitch Ratings; ATTOM Data Solutions; and Black Knight.