Economic Updates Archive

Latest New Home Sales, Inventory Data

Contracts for new home sales tumbled 14.5% from February to March, to a seasonally adjusted annualized rate of 384,000. This decline is a sharp acceleration of the declining trend that began last month. New home sales are 13.3% lower...

Weekly Unemployment Insurance Claims Still Generally Declining

Initial claims for unemployment insurance[1] filed in the week ended April 12 increased slightly from last week’s level to 304,000. The increase of 2,000 claims can be considered as  weekly volatility in the data. In fact, the 4-week moving...

Housing Starts in March

Housing starts rose by 3 percent in March.  More single-family homes are being constructed while multifamily units contracted modestly. The latest pace of 946,000 units on an annualized basis, however, is still well short of what is needed to...

Latest Consumer Price Inflation

Inflation ticked higher in March, with the consumer price index increasing by 1.5 percent from one year ago. The current inflation is not troublesome – yet. The Fed keeps a closer watch not on the broadest measure of inflation...

Latest Housing Affordability Data

At the national level, housing affordability is up for the month of February due to an increase in home prices and minimal movement in wages. What is affordability like in your market? Housing affordability is up for the month...