June 2014 U.S. Economic Fundamentals
- Thread starter Ally
- Start date
- Joined
- Mar 24, 2009
- Messages
- 16,743
The U.S. housing market's darkening data
When looking at residential real estate, we often tend to focus almost solely on recent price movements in assessing the health of the housing market at any point in time. But as both homeowners and income-earners in the larger economy, of which the housing market is an important component, to really understand what's going on, we need clarity into the larger cycle driving those price movements.
The more we look at today's data, the more it looks like that we are in a new type of pricing cycle -- one that homeowners and housing investors have no prior experience with.
Read the full article here.
When looking at residential real estate, we often tend to focus almost solely on recent price movements in assessing the health of the housing market at any point in time. But as both homeowners and income-earners in the larger economy, of which the housing market is an important component, to really understand what's going on, we need clarity into the larger cycle driving those price movements.
The more we look at today's data, the more it looks like that we are in a new type of pricing cycle -- one that homeowners and housing investors have no prior experience with.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
U.S. jobs picture better than Canada for the past 12 months
Canadians could be forgiven for turning a little green with envy over the surge in employment occurring south of the border.
After leading the Western world in job creation in the years following the recession ` as the Harper Conservative government is fond of reminding the public ` the past year and a bit has not been so good.
Read the full article here.
Canadians could be forgiven for turning a little green with envy over the surge in employment occurring south of the border.
After leading the Western world in job creation in the years following the recession ` as the Harper Conservative government is fond of reminding the public ` the past year and a bit has not been so good.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
U.S. home construction drops
The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.
Builders started work at a seasonally adjusted annual rate on 1.01 million homes last month, says the American Commerce Department. That was down 6.5% from 1.07 million in April.
Read the full article here.
The pace of U.S home construction slipped in May with many Americans still struggling to afford new houses.
Builders started work at a seasonally adjusted annual rate on 1.01 million homes last month, says the American Commerce Department. That was down 6.5% from 1.07 million in April.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
Unemployment rates fell in 20 U.S. states last month, while three quarters added jobs
WASHINGTON - Unemployment fell in 20 states last month and nearly three-quarters of the states added jobs, as the nation at large posted a fourth straight month of solid hiring.
The Labor Department says unemployment rates rose in 16 states and were unchanged in 14 states. Meanwhile, hiring rose in 36 states and declined in 14.
Read the full article here.
WASHINGTON - Unemployment fell in 20 states last month and nearly three-quarters of the states added jobs, as the nation at large posted a fourth straight month of solid hiring.
The Labor Department says unemployment rates rose in 16 states and were unchanged in 14 states. Meanwhile, hiring rose in 36 states and declined in 14.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
America's new industrial boom towns
David Peebles works in a glass tower across from Houston`s Galleria mall, a cathedral of consumption, but his attention is focused on the city`s highly industrialized ship channel 30 miles away. `Houston is the Chicago of this era,` says Peebles, who runs the Texas office of Odebrecht, a $45 billion engineering firm based in Brazil. `In the sixties you had to go to Chicago, Cleveland and Detroit. Now Houston is the place for new industry.`
With upward of $35 billion of new refineries, chemical plants and factories planned through 2015 for Houston and the surrounding Gulf Coast, companies like Odebrecht, which runs chemical plants and is working on a new freeway in the area, have converged on the nation`s oil and gas capital. They are part of the reason why the Texas metropolis ranks first on our list of the best large cities for manufacturing.
Read the full article here.
David Peebles works in a glass tower across from Houston`s Galleria mall, a cathedral of consumption, but his attention is focused on the city`s highly industrialized ship channel 30 miles away. `Houston is the Chicago of this era,` says Peebles, who runs the Texas office of Odebrecht, a $45 billion engineering firm based in Brazil. `In the sixties you had to go to Chicago, Cleveland and Detroit. Now Houston is the place for new industry.`
With upward of $35 billion of new refineries, chemical plants and factories planned through 2015 for Houston and the surrounding Gulf Coast, companies like Odebrecht, which runs chemical plants and is working on a new freeway in the area, have converged on the nation`s oil and gas capital. They are part of the reason why the Texas metropolis ranks first on our list of the best large cities for manufacturing.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
IMF cuts U.S. growth outlook, says full employment years off
The International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.
In its annual health check of the U.S. economy, the IMF also urged the United States to boost the minimum wage, which is below most international standards, to fight poverty, which lingers above 15 per cent.
Read the full article here.
The International Monetary Fund cut its growth forecast for the United States on Monday and said the economy would not reach full employment until the end of 2017, allowing the Federal Reserve to bide its time before raising interest rates.
In its annual health check of the U.S. economy, the IMF also urged the United States to boost the minimum wage, which is below most international standards, to fight poverty, which lingers above 15 per cent.
Read the full article here.
- Joined
- Mar 24, 2009
- Messages
- 16,743
U.S. Economy shrank in first quarter by most in five years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce Department said today in Washington. It marked the biggest downward revision from the agency`s second GDP estimate since records began in 1976. The revision reflected a slowdown in health care spending.
Read the full article here.
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce Department said today in Washington. It marked the biggest downward revision from the agency`s second GDP estimate since records began in 1976. The revision reflected a slowdown in health care spending.
Read the full article here.