Existing-Home Sales Fall to a One-Year Low After Hurricane Harvey
Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.
September 20, 2017Housing Starts Steady, Permits Rise Ahead of Hurricanes
Steady U.S. new-home construction in August together with a jump in permits indicate the housing market was moving ahead before a likely temporary hit from Hurricanes Harvey and Irma, government figures showed Sept. 19.
September 19, 2017Homebuilder Sentiment Falls on Storm-Related Supply Concern
Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma, according to data Sept. 18 from the National Association of Home Builders/Wells Fargo.
September 18, 2017Concerns About Hurricanes Dent American Consumer Sentiment
U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Sept. 15.
Retail Sales Fall After Weaker Results in Prior Months
An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce Department figures showed Sept. 15.
September 15, 2017Consumer Comfort Falls for Second Week
Americans’ confidence retreated for a second week as consumers’ assessment of the buying climate deteriorated on the heels of higher fuel prices, Bloomberg Consumer Comfort Index figures showed Sept. 14.
Unexpected Drop in Jobless Claims Shows Sturdy Job Market
Filings for jobless benefits in the U.S. unexpectedly settled back last week, underscoring a resilient labor market even as the Atlantic hurricane season introduces added volatility to the figures, Labor Department data showed Sept. 14.
September 14, 2017Wholesale Prices Increase on Jump in Energy Costs
Rising U.S. wholesale prices in August reflect the biggest jump in energy costs since January, while underlying inflation remained contained, a Labor Department report showed Sept. 13 in Washington.
September 13, 2017US Household Incomes Rose to Record in 2016 as Poverty Fell
The U.S. median household income rose to a record last year and the poverty rate fell, as steady economic growth helped improve the lot of more Americans, according to annual data from the U.S. Census Bureau released Sept. 12.
Job Openings in US Increased to a Record in July
U.S. job openings unexpectedly rose to a record in July, indicating resilient demand for workers, Labor Department figures showed Sept. 12.