January 2014 U.S. Economic Fundamentals
- Thread starter Ally
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Weekly U.S. unemployment benefit applications slip, a positive sign for hiring
WASHINGTON - The number of Americans seeking unemployment benefits dipped 2,000 last week to a seasonally adjusted 339,000, evidence that layoffs are low and hiring will likely remain steady.
The Labor Department said Thursday that the less volatile four-week average rose 8,500 to 357,250.
Read the full article here.
WASHINGTON - The number of Americans seeking unemployment benefits dipped 2,000 last week to a seasonally adjusted 339,000, evidence that layoffs are low and hiring will likely remain steady.
The Labor Department said Thursday that the less volatile four-week average rose 8,500 to 357,250.
Read the full article here.
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U.S. existing home sales fall to lowest level in nearly a year
U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes dropped 4.3 per cent last month, the third monthly fall in a row, to an annual rate of 4.90 million units.
Read the full article here.
U.S. home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price increases that have shut some home buyers out of the market.
The National Association of Realtors (NAR) said on Thursday that sales of previously owned homes dropped 4.3 per cent last month, the third monthly fall in a row, to an annual rate of 4.90 million units.
Read the full article here.
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Gen Y's flight from costly coastal metros fueling Denver real estate boom
The high cost of housing on the coasts is fueling a real estate boom in Denver, with young families shunning higher-tier cities like New York City and San Francisco to enjoy the Mile High City`s diverse economy and vibrant downtown, Bloomberg News reports.
Read the full article here.
The high cost of housing on the coasts is fueling a real estate boom in Denver, with young families shunning higher-tier cities like New York City and San Francisco to enjoy the Mile High City`s diverse economy and vibrant downtown, Bloomberg News reports.
Read the full article here.
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How an unforeseen U.S. oil boom is upending global energy markets
NEW YORK ` The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.
Fifteen European refineries have closed in the past five years, with a 16th due to shut this year, the International Energy Agency said, as the U.S. went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which used to send the equivalent of a dozen supertankers of crude a month to the U.S., now ships fewer than three, according to the U.S. Energy Information Administration. And cheap oil from the Rocky Mountains, where output has grown 31 per cent since 2011, will soon allow West Coast companies to cut back on imports of pricier grades from Saudi Arabia and Venezuela that they process for customers in Asia, the world`s fastest-growing market.
Read the full article here.
NEW YORK ` The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.
Fifteen European refineries have closed in the past five years, with a 16th due to shut this year, the International Energy Agency said, as the U.S. went from depending on fuel from Europe to being a major exporter to the region. Nigeria, which used to send the equivalent of a dozen supertankers of crude a month to the U.S., now ships fewer than three, according to the U.S. Energy Information Administration. And cheap oil from the Rocky Mountains, where output has grown 31 per cent since 2011, will soon allow West Coast companies to cut back on imports of pricier grades from Saudi Arabia and Venezuela that they process for customers in Asia, the world`s fastest-growing market.
Read the full article here.
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Avison Young releases 2014 commercial real estate forecast for Canada, U.S.
TORONTO, Jan. 16, 2014 /CNW/ ` Canada`s commercial real estate markets experienced some changes in 2013 that could pose challenges in 2014. However, ongoing development is an encouraging sign that the markets remain strong, offering opportunities for occupiers, owners and investors. In the U.S., although delayed by a year due to political gridlock, the return to normal operating conditions and the reduction of monetary easing due to tapering are the catalysts necessary to unlock the capital that has been building up on the balance sheets of investors and occupiers.
Read the full article here.
TORONTO, Jan. 16, 2014 /CNW/ ` Canada`s commercial real estate markets experienced some changes in 2013 that could pose challenges in 2014. However, ongoing development is an encouraging sign that the markets remain strong, offering opportunities for occupiers, owners and investors. In the U.S., although delayed by a year due to political gridlock, the return to normal operating conditions and the reduction of monetary easing due to tapering are the catalysts necessary to unlock the capital that has been building up on the balance sheets of investors and occupiers.
Read the full article here.
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U.S. employment update
One can agonize over the poor results from the labour force surveys in both the U.S. and Canada for December 2013, but there were some fascinating wrinkles nonetheless.
After net gains averaging nearly 200,000 during the first 11 months of the year, the December U.S. figure was only +78,000 jobs.
Read the full article here.
One can agonize over the poor results from the labour force surveys in both the U.S. and Canada for December 2013, but there were some fascinating wrinkles nonetheless.
After net gains averaging nearly 200,000 during the first 11 months of the year, the December U.S. figure was only +78,000 jobs.
Read the full article here.
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Phoenix housing market future in the hands of millennials
The housing market future lies in the hands of Millennials.
Psychographic lessons and data analysis provided this insight and more to attendees of "Phoenix Housing Market Explained," an event for those interested on current trends in the housing market. The event was held Jan. 25 and hosted byThe Arizona Republic and the ASU Real Estate Council at the W. P. Carey School of Business.
Read the full article here.
The housing market future lies in the hands of Millennials.
Psychographic lessons and data analysis provided this insight and more to attendees of "Phoenix Housing Market Explained," an event for those interested on current trends in the housing market. The event was held Jan. 25 and hosted byThe Arizona Republic and the ASU Real Estate Council at the W. P. Carey School of Business.
Read the full article here.
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Why the oil industry wants the U.S. to export
For 40 years, U.S. leaders have fretted about the country's dependence on oil imports and vowed to pursue energy independence. Now, even as the U.S. is still importing seven million barrels per day of crude, there is a growing clamour to end a ban on crude exports that has been in effect since the Arab oil embargo shocked Americans out of their sense of energy security in the 1970s.
It won't happen overnight, and there is already considerable resistance from Democrats in Congress and from some refiners who benefit from the prohibition on foreign crude sales. The surge in U.S. oil and natural gas production is a boon to refiners and manufacturers who are benefiting from cheaper supplies than offshore competitors.
Read the full article here.
For 40 years, U.S. leaders have fretted about the country's dependence on oil imports and vowed to pursue energy independence. Now, even as the U.S. is still importing seven million barrels per day of crude, there is a growing clamour to end a ban on crude exports that has been in effect since the Arab oil embargo shocked Americans out of their sense of energy security in the 1970s.
It won't happen overnight, and there is already considerable resistance from Democrats in Congress and from some refiners who benefit from the prohibition on foreign crude sales. The surge in U.S. oil and natural gas production is a boon to refiners and manufacturers who are benefiting from cheaper supplies than offshore competitors.
Read the full article here.
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Stronger growth forecast for the U.S. economy in 2014
OTTAWA ` The US economy is finally expected to break out of the sluggish growth that has plagued it since the end of the recession, according to The Conference Board of Canada`s US Outlook: Winter 2014.
Following growth of 1.8% in 2013, real gross domestic product (GDP) in the US is expected to expand by 3.1% in 2014.
Read the full article here.
OTTAWA ` The US economy is finally expected to break out of the sluggish growth that has plagued it since the end of the recession, according to The Conference Board of Canada`s US Outlook: Winter 2014.
Following growth of 1.8% in 2013, real gross domestic product (GDP) in the US is expected to expand by 3.1% in 2014.
Read the full article here.
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Five things to consider before buying a snowbird property in the U.S.
Have you been dreaming of a home in the sun while shovelling your walk for the umpteenth time?
Before you become a Canadian snowbird with a stake in U.S. real estate, here are five essential issues you should think about first:
Read the full article here.
Have you been dreaming of a home in the sun while shovelling your walk for the umpteenth time?
Before you become a Canadian snowbird with a stake in U.S. real estate, here are five essential issues you should think about first:
Read the full article here.
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Frigid weather slows U.S. private sector jobs growth
A closely watched measure of private employment in the United States showed hiring slowed in January, suggesting unseasonably frigid weather is temporarily sapping some of the heat from the country`s economic recovery.
Backroom service provider ADP`s latest analysis of the labour market determined private employers added 175,000 jobs last month after creating more than 200,000 positions in each of the final three months of 2013.
Read the full article here.
A closely watched measure of private employment in the United States showed hiring slowed in January, suggesting unseasonably frigid weather is temporarily sapping some of the heat from the country`s economic recovery.
Backroom service provider ADP`s latest analysis of the labour market determined private employers added 175,000 jobs last month after creating more than 200,000 positions in each of the final three months of 2013.
Read the full article here.
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Arizona still draws snowbirds - despite price rebound
With retirement only a few years off, Ontario residents Paul and Karen Sullivan weighed the merits of a possible winter getaway property south of the border.
They had their eye on Arizona - but not right away - for its absence of hurricanes, no extra taxes for out-of state buyers, warm, sunny winters and low-maintenance properties without lawns.
Read the full article here.
With retirement only a few years off, Ontario residents Paul and Karen Sullivan weighed the merits of a possible winter getaway property south of the border.
They had their eye on Arizona - but not right away - for its absence of hurricanes, no extra taxes for out-of state buyers, warm, sunny winters and low-maintenance properties without lawns.
Read the full article here.