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.
Tag: Wells Fargo Economics
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.
August Existing Home Sales Down 2%
Existing home sales fell in August, the first decline in three months, the National Association of Realtors reported Wednesday.
Housing Starts Post Solid August Increase
Home builders liked what they saw in August—HUD and the Census Bureau said August housing starts rose by nearly 4 percent from July, almost entirely by multifamily activity, and by more than 17 percent from a year ago.
Employers Add 235,000 August Jobs
U.S. employers added 235,000 jobs in August—considerably below July’s massive 1.05 million job gain—as the economy struggled to hold momentum amid rising Delta variant coronavirus cases, the Bureau of Labor Statistics reported Friday.
Consumer Confidence Falls to 7-Month Low
The Conference Board, New York, said its Consumer Confidence Index fell for the second consecutive month to its lowest level since February.