Personal Income: Latest Data Shows Continued Increase

Personal income in the U.S. continues to increase, which assures consumer spending will contribute to economic growth in the upcoming months.  Income from wages is rising steadily.  Rent income is shooting high.  Farmer income is falling in line with...

The Latest Housing Affordability Index

At the national level, housing affordability is down for the month of June due to higher prices and qualifying income levels despite the lowest mortgage rates of the year. Housing affordability is down for the month of June as...

Unemployment Insurance Claims

Initial claims for unemployment insurance filed under the regular state programs during the week ended August 9 rose to 311,000, an increase of 21,000 from the previous week’s level. The trend has generally been downward so the spike may...

The Latest Retail Sales

Consumer spending at retail shops is growing less robustly now than before.  Retail sales in July were up 3.7 percent from one year ago, and marked a deceleration from the 5-to-7 percent growth experienced in recent past years during...

Sales to First Time Buyers: 28 Percent of Sales

Approximately 28 percent of REALTOR® respondents reported that their last transaction in June was by a first time home buyer (27 percent in May) [1], according to the June 2014 REALTORS® Confidence Index. Tight underwriting standards are especially challenging...