The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.
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August Housing Starts Rise; Drop in Permits Casts Shadow
The good news: August housing starts beat expectations, rising by more than 12 percent from July. The bad news: housing permits fell just as dramatically, lending uncertainty to an already volatile 2022 housing market.
Employers Add 315,000 August Jobs
July job growth slowed from June, the Bureau of Labor Statistics said on Friday—but analysts said that’s not necessarily a bad thing.
July Pending Home Sales Down 1%
Pending home sales fell for the eighth time in nine months, the National Association of Realtors reported Wednesday, with all four regions seeing double-digit year over year decreases.
July New Home Sales at 6-1/2 Year Low; Price Growth Decelerates
New home sales fell to their slowest pace in six and a half years, while inventories stockpiled, HUD and the Census Bureau reported Tuesday. In a separate report, RE/MAX, Denver, said median home sales prices fell for the first time since January
July Housing Starts Take Sharp Hit
It already hasn’t been a good week for housing. On Monday, the National Association of Home Builders reported its Housing Market Index fell for the eighth straight month to two-year low. And on Tuesday, HUD and the Census Bureau reported housing starts fell in July by nearly double digits to its slowest pace since 2020.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
U.S. Homeownership Rate at 2-Year High
The U.S. homeownership rate rose to 65.8 percent in the second quarter, matching its highest rate since 2020, the Census Bureau reported this week.
U.S. Homeownership Rate at 2-Year High
The U.S. homeownership rate rose to 65.8 percent in the second quarter, matching its highest rate since 2020, the Census Bureau reported this week.
Soaring Gas, Food Prices Drive June Consumer Price Index to 40-Year High
Broad-based increases in major price categories, particularly gas and food, drove the U.S. Consumer Price Index up by 1.3 percent in June month over month and by 9.1 percent year over year—the largest annual increase since 1981, the Bureau of Labor Statistics reported Wednesday.