In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This week, we find that sales of newly built homes in June increased by 7% as compared to sales in May.
Fortune just published its latest Global 500 ranking of the top companies in the world – and the results this year are earth-shaking. For the first time ever, since this list was launched in 1990, another country has more companies on the list of top companies than the U.S. And the bad news for the White House is that new #1 is China, the country with which it is currently in the midst of a high stakes trade war.
See how China has surpassed the U.S. in global top companies…[Read more…] about U.S. No Longer Global Biz Leader, There’s a New #1 – China
With most economists on pins and needles over the recent number of economic data points that seem to suggest an impending economic slowdown, word came at the end of the last week that the latest jobs report from U.S. Bureau of Labor Statistics saw employment take a big jump. According to this latest data, employers added a significant 224,000 jobs in June, a big increase from May’s anemic results.
See more on this latest jump in jobs in June…[Read more…] about Jumping June Jobs Report Suggests Softer Decline
Although the US is in the midst of a record period of economic expansion, more and more troubling signs have appeared over the last few months in the form of negative economic data points to suggest that a turn in the economy may be coming. This week, a trio of new reports – consumer confidence, sales of newly constructed homes, and corporate earnings revisions – suggest that economic growth is stalling and that “turn” may be here.
See the latest economic data suggesting a slowdown…[Read more…] about Trio of New Economic Reports Suggest Growth is Slowing
In the latest data from the US Department of Commerce, residential construction showed a decline for the month of May in both overall and in single-family starts. Viewed by many as another sign of an economic slowdown, housing is a major component of the overall US gross national product.
See the data on the decline of residential construction starts in May…[Read more…] about Residential Construction Starts Decline in May
The US Department of Labor reported this morning that non-farm jobs grew by 75,000 in May. According to a Wall Street Journal survey of economists, the May jobs number was expected to come in at 180,000 – so this is a large and surprising miss.
See more on this surprising jobs result…
For the first time ever in history. consumers in the US are spending more time on their mobile devices than they are with viewing programming on their televisions. For decades now, TV has dominated consumer’s time and attention… Now, those days are gone.
See more on consumers shifting to mobile…[Read more…] about A New Consumer First – Mobile Overtakes TV
The latest data from the Census Bureau shows that sales of new single-family housing in April dropped to a rate of 673,000 on a seasonally adjusted annual basis. This level is down a substantial 6.9% from the adjusted rate for March of 723,000 houses sold.
See more on this drop in sales of new housing[Read more…] about Buyers Slammed the Door on Sales of New Single-Family Housing
The latest data from the US Census Bureau shows a pretty nice increase in April residential housing construction starts – a key economic data for the custom integration industry. According to the report, overall housing starts came in at 1,235,000 units on a seasonally adjusted annual rate. This is 5.7% above the revised March rate of 1,168,000…and yet is it also down.
How can starts be both up and down? Read on…[Read more…] about April Residential Housing Construction Starts are Up and Down
Two different economic reports on the residential housing market show conflicting results. One report is on the latest data in housing starts…the other contains the latest results on new home sales. But these reports paint two very different pictures. Is housing growing? Or rather, is it fading?