Latest News Author: Jordan Reed

Last Week in Review: Non-farm payrolls rose in August. So did home prices in July. U.S. employers hired 201,000 new workers in August, above the 187,000 expected, the Bureau of Labor Statistics reported. However, June and July were revised lower by a total of 50,000 jobs. Job gains have averaged 185,000 per month over the last 3 […]

Last Week in Review: Existing Home Sales fell for the fourth straight month in July. New Home Sales declined on a monthly basis but improved annually. Existing Home Sales decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June, the National Association of REALTORS® reported. This […]

Last Week in Review: Home price gains were strong in June. Did inflation heat up in July? Research firm CoreLogic reported that home prices, including distressed sales, rose 6.8 percent from June 2017 to June 2018. Prices were up 0.7 percent from May to June. However, gains could slow over the next year if further […]

Last Week in Review: Job growth eased in July while annual inflation remained tame in June and home prices continued to rise. Non-Farm Payrolls rose by 157,000 new jobs in July, below the 190,000 expected, the Bureau of Labor Statistics reported. However, the figures for May and June were revised higher by a total of […]

Last Week in Review: Home sales slumped in June while second quarter economic growth soared. Existing Home Sales declined for the third straight month in June, falling 0.6 percent from May to an annual rate of 5.38 million units, the National Association of REALTORS® reported. Declines in the West and South outpaced gains in the […]

Last Week in Review: June saw Housing Starts slump and Retail Sales jump. U.S. homebuilders broke ground on fewer homes than expected in June, due in part to higher costs for lumber, lack of available land and a shortage of construction workers. June Housing Starts fell 12.3 percent from May to an annual rate of […]

Last Week in Review: Annual inflation ticked up while small business optimism neared record highs. The Consumer Price Index (CPI) rose 2.9 percent in the 12 months ending in June, up slightly from the 2.8 percent annual reading in May. This was the largest annual increase since the year ending in February 2012, and it […]

Last Week in Review: The Jobs Report for June was better than expected. The holiday-shortened trading week saw market volatility due to global trade issues. Non-Farm Payrolls rose by 213,000 new jobs in June, above the 195,000 expected, the Bureau of Labor Statistics reported. The figures for April and May were also revised higher by […]

Last Week in Review: Sales of new homes rose in May while annual inflation readings edged higher. First quarter GDP disappointed. Sales of new homes rose 6.7 percent from April to an annual rate of 689,000, the Commerce Department reported. However, April's sales figure was revised lower to 646,000 from the original reading of 662,000. […]

Last Week in Review: Existing Home Sales fell in May. Housing Starts signaled potential hope for would-be buyers. May Existing Home Sales fell 0.4 percent from April to an annual rate of 5.43 million units, the National Association of REALTORS® reported. From May 2017 to May 2018, Existing Home Sales were down 3 percent. While […]