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.
Tag: Wells Fargo Economics
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.
September Housing Starts Slip; Pipeline Remains Strong
Housing starts fell slightly in September, the Census Bureau reported Wednesday, a blip in what has otherwise been a much improved year that, given supply chain issues, could have been even stronger.
September Employment Sees 194,000 Gain; Unemployment Rate Falls to 4.8%
Total nonfarm payroll employment rose by 194,000 in September—well below expectations—but the unemployment rate fell by 0.4 percentage point to 4.8 percent, the Bureau of Labor Statistics reported Friday.
Office Demand Increases, But Full Return Remains Far Off
New demand for office space rose in August, indicating the Delta variant did little to damp employers’ searches.
Consumer Confidence Falls to 7-Month Low
Consumer confidence took another hit in September, The Conference Board reported Tuesday, as the lingering Delta variant and concerns over the economy interrupted momentum sent the index to a seven-month low.
August New Home Sales Pick Up the Pace
New home sales rose in August for the second straight month and at the fastest pace since April, HUD and the Census Bureau reported Friday.