Existing home sales rose in October for the second straight month, albeit just slightly, the National Association of Realtors reported Monday.
Tag: Wells Fargo Economics
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.
Supply Chain Issues Show Up in 3Q Gross Domestic Product
We’ve been hearing a lot of news lately about the U.S. economy being hamstrung by supply chain issues. On Thursday, the Bureau of Economic Analysis appeared to quantify those issues.
October Consumer Confidence Increases
The Conference Board, New York, said its October Consumer Confidence Index increased for the first time in four months.
September New Home Sales Post Strong 14% Increase
New home sales jumped by 14 percent in September, HUD and the Census Bureau reported Tuesday, showing no signs of the traditional fall slowdown.
CRE Fundamentals Continue Bounceback
Commercial real estate fundamentals are bouncing back with help from a slower, but still steady economic recovery, reported Wells Fargo Economics, Charlotte, N.C.
September Existing Home Sales Jump 7%
Existing home sales came roaring back in September, rising by 7 percent with all four regions posting strong monthly gains, the National Association of Realtors reported Thursday.