Tag: Unemployment Claims

Construction spending rebounds and layoffs decrease

  Construction spending rebounded, while employment sagged, and layoffs decreased. Construction Spending  The housing market is desperate for the tempered pricing that increased inventory can bring. Construction spending in August reversed Julys downward trend, resulting in growth to an annual rate of $1.218 trillion. This marked a 0.5 percent gain […]

Economic Update-Housing and Retail Sales Declines

  Housing starts and retail sales both suffered setbacks, while layoffs enjoyed a decent drop.   Housing    Starts on construction of private housing in May dropped 5.5 percent to an annual rate of 1.092 million, the Census Bureau and the Department of Housing and Urban Development reported last week. […]

Economic Insights for Construction Spending, Unemployment, & Layoffs

   “Construction spending turned in mixed results, while unemployment ticked down and layoffs notched up”. Construction Spending Construction spending was a mixed bag in April, with overall spending performing well below anticipated levels for the month. April’s construction spending dropped 1.4 percent to an annual rate of $1.218 trillion, the […]

Summit Mortgage Economic News

    Construction spending hit a near 11-year high, monthly employment saw mixed performance but was positive overall, and layoffs saw a solid decline. Construction Spending Construction spending in February returned to a growth trajectory, increasing to an annual rate of $1.19 trillion, which was 0.8 percent over January’s estimate […]

Weekly US Economic Update

        Pending home sales enjoyed a solid upswing, while incomes grew and layoffs retreated slightly. Economic Review for Pending Home Sales Pending sales of existing homes enjoyed a healthy enough jump in February to hit a 10-month high, according to last week’s release from the National Association […]