Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.
Author: Reade Pickert
Home Construction Jumps to Highest Level Since 2007
U.S. home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum.
Job Growth Misses Estimates in August With 130,000 Increase
Companies’ hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook.
Consumer Comfort Climbs to Five-Week High
U.S. consumer comfort bounced back to a five-week high as assessments of personal finances reached the second-highest level since 2000, offering hope American households can continue to fuel the economic expansion.
Consumer Sentiment Falls Most Since 2012
U.S. consumer sentiment fell the most in six years, slumping to the lowest level of Donald Trump’s presidency as Americans expressed concern about how his tariffs will affect the economy.
US Goods-Trade Deficit Narrowed to Three-Month Low
The U.S. merchandise-trade deficit unexpectedly narrowed in July to a three-month low as exports picked up and imports declined.
Consumer Confidence Fell Less Than Forecast in August
U.S. consumer confidence declined in August by less than forecast as Americans’ assessment of current conditions climbed to the highest level in almost 19 years, helped by a job market that remains robust.
Jobless Claims Rise to 215,000 as Labor Market Holds Up
Filings for U.S. unemployment benefits edged up while remaining at historically low levels, another indication that the labor market remains generally robust.
Jobless Claims Rise to 215,000 as Labor Market Holds Up
Filings for U.S. unemployment benefits edged up while remaining at historically low levels, another indication that the labor market remains generally robust.
Employment Costs Rise Less Than Expected in Second Quarter
Employment costs rose less than estimated in the second quarter as worker pay raises held steady while benefit gains decelerated, suggesting inflation pressures remain muted.