Existing home sales rose in February, marking the first monthly increase in a year, the National Association of Realtors reported Tuesday.
Tag: Wells Fargo Economics
February Housing Starts Up Nearly 10%
February housing starts, permits and completions posted near double-digit percentage increases, ending five months of declines, HUD and the Census Bureau reported Thursday.
Inflation Rate Continues to Slow…Slowly
The federal government’s key measure of inflation—the monthly Consumer Price Index—continued to slow in February, albeit not by much.
Strong February Job Growth Muddies Fed Outlook
Employers added 311,000 jobs in February, the Bureau of Labor Statistics reported Friday—good news for the labor market but complicating news for the Federal Reserve, which faces the daunting task next week of encouraging economic growth while taming inflation.
Consumer Confidence Dips on High Prices, Interest Rates
The Conference Board, New York, said its monthly Consumer Confidence Index fell in February, marking the second consecutive monthly decline, amid economic uncertainty and persistent inflation.
New Home Sales Start New Year on Strong Note
January new home sales offered good news for an industry starved of good news as of late.
Housing Starts Down 5th Straight Month
Housing starts fell in January, HUD and the Census Bureau reported Thursday, marking the fifth straight monthly drop, the longest streak of declines since 2009.
January Consumer Prices Rise; Not Out of Woods Yet
Consumer prices rose by 0.5 percent in January and by 6.4 percent annually, the Bureau of Labor Statistics reported Tuesday, as rising food and energy prices reminded consumers that inflation—while well down from its earlier peak—is taking its time getting back to normal.
January Jobs Report Smashes Expectations
The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
December Construction Spending Down 0.4%
The Census Bureau on Wednesday said December construction spending fell by 0.4 percent, with overall residential spending falling for the seventh straight month.