Mortgage applications for new home purchases fell in November by 3 percent from October and by 2.2 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Tag: Wells Fargo Economics
Consumer Price Index: Paying Like It’s 1982
Inflation—sure to be a topic at this week’s Federal Open Market Committee meeting—roared like a lion in November, jumping by nearly 7 percent year over year to its fastest pace in nearly 40 years, the Bureau of Labor Statistics reported Friday.
November Jobs Up by 210,000; Unemployment Rate Falls to 4.2%
The November employment report followed a recent and inconsistent pattern: employment rose in November, although well below expectations, while the unemployment rate fell sharply, the Bureau of Labor Statistics reported Friday.
Congested Supply Chains, Shift to eCommerce Boost Industrial Sector
Accelerating e-commerce, strong consumer demand amid supply chain bottlenecks and businesses restocking their inventories are benefiting industrial real estate, reported Wells Fargo Economics, Charlotte, N.C.
November Consumer Confidence Declines; Outlook Mixed
The Conference Board, New York, said its Consumer Confidence Index decreased in November, following an increase in October. The Index now stands at 109.5, down from 111.6 in October.
October Existing Home Sales Edge Up 0.8%
Existing home sales rose in October for the second straight month, albeit just slightly, the National Association of Realtors reported Monday.
October Leading Economic Indicators Up Nearly 1%
The Conference Board, New York, said its Leading Economic Index for the U.S. increased by 0.9 percent in October to 118.3, following an 0.1 percent increase in September and an 0.7 percent increase in August.
Housing Starts Fall 3rd Straight Month
Housing starts fell for the third straight month in October, HUD and the Census Bureau reported Wednesday, although multifamily starts picked up, as did housing permits.
October Employment Bounces Back as Delta Variant Fades
Payroll employment roared back in October after tepid growth the previous two months as the U.S. began to move on from the fading coronavirus Delta variant, the Bureau of Labor Statistics reported Friday.
Building Materials, Labor Shortages Hold Back Construction
Construction spending, while up year over year, continues to be hampered by building materials shortages and difficulties finding labor, the Census Bureau reported Monday.