WEEKLY VANTAGE POINT: MAY 30 – JUNE 2, 2017

Reports to Watch The week is full of key economic data from a variety of sectors. Economic data kicks off on Tuesday with the release of Personal Income and Personal Spending, the inflation reading Personal Consumption Expenditures and Consumer Confidence. … Continue reading

KEY HOUSING DATA RISES HEADING INTO FALL

KEY HOUSING DATA RISES HEADING INTO FALL

Existing home sales rose in September, with first-time buyers claiming a 34 percent share of home purchases, a high not seen in over four years. After two straight monthly declines, Existing Home Sales in September jumped 3.2 percent from August. … Continue reading

HOUSING’S HIGHS AND LOWS

HOUSING’S HIGHS AND LOWS

There was some mixed housing news in recent weeks, though the sector still remains a bright spot in a somewhat slowing economy. The Scoop on Housing Starts, Building Permits and Sales Fewer folks began excavation on new homes in August. … Continue reading

HOUSING WINS GOLD

HOUSING WINS GOLD

Housing and construction are important sectors because a robust housing market can have a cascade of positive effects through the entire economy. Here’s what’s happening. New Home Sales surged to a nine-year high due to a strengthening job market and … Continue reading

NEW NEIGHBORS ARE ON THE RISE

NEW NEIGHBORS ARE ON THE RISE

July Housing Starts hit their highest level in five months, rising 2.1 percent from June. July also marked the second-highest Housing Starts rate since the recession. Multifamily units are leading the increase. Building Permits, a sign of future construction, fell … Continue reading

CONSUMER SENTIMENT SHINES

CONSUMER SENTIMENT SHINES

Consumer sentiment rebounded in May. Income gains, an improved jobs outlook, and low home loan rates inspired more people to put on a happy face. Those feelings beamed across all income levels but especially among lower-income and younger households, according … Continue reading