October housing starts rose by nearly 4 percent, HUD and the Census Bureau reported yesterday, a welcome signal that momentum appears to be rising among home buyers and home builders.
Tag: Wells Fargo Securities
Apartment Market Momentum Slowing
The apartment market may have lost some momentum this year, but rents continue to increase, sector analysts say.
Employers Add 128,000 Jobs in October
Total nonfarm payroll employment rose by 128,000 in October, while the unemployment rate rose slightly to 3.6 percent, the Bureau of Labor Statistics reported Friday.
3Q GDP Advance Estimate Slows to 1.9%
Real gross domestic product increased at an annual rate of 1.9 percent in the third quarter, marking a continued trend of slowing economic growth, the Bureau of Economic Analysis reported in its first (advance) estimate yesterday.
October Consumer Confidence Edges Down
The Conference Board, New York, said its Consumer Confidence Index decreased marginally in October, the third straight monthly decrease.
September New Home Sales Dip, But Pace Strengthens
HUD and the Census Bureau yesterday reported sales of new single‐family houses in September fell slightly from August but improved strongly from a year ago.
September Existing Home Sales Fall 2.2%
Existing home sales fell by 2.2 percent in September, following two consecutive months of increases, the National Association of Realtors reported yesterday.
CRE Fundamentals Solid, But Rising Prices Present Risk
Wells Fargo Securities, Charlotte, N.C., said commercial real estate fundamentals remain on solid ground more than a decade into the expansion, but noted increasing property prices present a clear downside …
September Housing Starts Tumble, But Optimism Holds
Housing starts fell sharply in September, HUD and the Census Bureau reported yesterday, but single-family starts increased slightly, reflecting continued optimism among home builders.