July housing starts fell by 7 percent, the Census Bureau reported yesterday, a disappointing result as home builders continue to be hamstrung by pipeline and labor shortages.
Tag: Wells Fargo Economics
Hiring Heats Up in July
The labor market surged again in July with 943,000 new jobs created, the Bureau of Labor Statistics reported Friday.
2Q GDP Heats Up Some More
Real gross domestic product increased at an annual rate of 6.5 percent in the second quarter, according to the “advance” (first) estimate reported Thursday by the Bureau of Economic Analysis.
June New Home Sales Down 6.6%
June new home sales fell well below consensus expectations, HUD and the Census Bureau reported Monday, though analysts did not appear to be too worried by the results.
June New Home Sales Down 6.6%
June new home sales fell well below consensus expectations, HUD and the Census Bureau reported Monday, though analysts did not appear to be too worried by the results.
June Existing Home Sales Up 1.4%
Existing home sales increased in June, the first monthly increase in five months, the National Association of Realtors reported Thursday.
Consumer Prices Continue to Heat Up
Consumer prices, already fueled by a heated economy continued to accelerate in June to its fastest monthly rate in 13 years, the Labor Department reported Tuesday.
June Jobs Report Blows Past Expectations
Total nonfarm employment increased by 850,000 in June, the Bureau of Labor Statistics reported Friday, well above expectations amid rising demand for services hit hard by the coronavirus pandemic.
Consumer Confidence Reaches Post-Pandemic High
The Conference Board, New York, said it Consumer Confidence Index rose for the fifth month in a row to its highest level since March 2020.
May New Home Sales Disappoint
New home sales tumbled by nearly 6 percent in May—and the report revised downward the previous three months’ statistics, HUD and the Census Bureau reported Wednesday.