Articles

New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show a shift in home building activity over the past 30 months, with notable slowing in large, metro urban areas as a result of initial Covid migration effects followed by declines in housing affordability in high-cost and highly regulated markets as interest rates increased. Read More

"Home buyers are feeling the pinch of rising costs more than renters,” reports the Wall Street Journal. Read More

Nonfarm business sector labor productivity decreased 4.1% in Q2 2022, the U.S. Bureau of Labor Statistics reported, as output decreased 1.4% and hours worked increased 2.7%. Read More

In the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000 from the previous week's revised level, according to the Department of Labor. Read More

Construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4% below the revised June estimate of $1,784.3 billion, according to the U.S. Census Bureau. Read More

The number of job openings was little changed at 11.2 million on the last business day of July, the U.S. Bureau of Labor Statistics reported. Read More

Retailers have been plagued by rising operational costs and a decrease in in-store shoppers, but new data suggests that consumers have not been entirely deterred by the higher cost of goods, reports Furniture Today. Read More

The economy may not by receding but stagnating, according Gross Domestic Income (GDI) data, says the Wall Street Journal’s Jon E. Hilsenrath. Read More

Consumer sentiment rose 13% to 58.2 in August, according to final results from the University of Michigan Survey of Consumers. Read More

The Architecture Billings Index (ABI) score for July was 51.0, according to The American Institute of Architects (AIA). Read More