Economic Updates Archive

New Home Sales in June

New home sales slid in June. The decline is not a reflection of slower housing demand, but more related to homebuilders putting up fewer homes. Whatever builders build, they are able to find buyers reasonably quick. But the homebuilding...

Unemployment Insurance Claims Fall to Lowest Levels since 2006

Initial claims for unemployment insurance filed under the regular state programs during the week ending July 19 fell 284,000—the lowest level since 2006[1]. The 4-week moving average also dipped to its lowest level since 2007[2] to 302,000 claims. Initial...

Latest Consumer Price Inflation

Inflation is slowly and steadily picking up. Rents in particular are rising at a 4 percent annualized rate. The sluggishness in new home construction assures that rent and the broader consumer price inflation will likely be on an upward...

The Latest on Consumer Confidence

• People’s view of the economy is turning for the better. A record high stock market and continuing job additions are no doubt contributing to the better feelings. That in turn could move the economy into a virtuous cycle...

Latest Housing Affordability Index Release

At the national level, housing affordability is down for the month of May and lower than a year ago due to a rise in home prices and slower rising mortgage rates. Housing affordability is down for the month of...