New Home Sales Increase by 4.1% in September The U.S. Government has reported that sales of new single-family houses in September 2024 reached a seasonally adjusted annual rate of 738k. This figure represents a 4.1% increase from August’s revised rate and a 6.3% surge compared to the same period last year. The median sales price […]
Home sales in September saw a 4.1% increase compared to the previous month. Read More »
ADP National Employment Report for September 2024 According to the ADP National Employment Report for September 2024, private sector employment increased by 143k jobs and annual pay was up 4.7% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data
Americans’ Transportation Preferences in 2022 Citing government data, Statista reports that approximately nine out of ten trips in the United States were taken using a car, SUV, pickup truck, or van in 2022. This data highlights the strong preference for personal vehicles among Americans. In contrast, walking accounted for a significantly smaller share of total
Hispanic Heritage Month Celebrates Diversity The U.S. Census Bureau reminds us that Hispanic Heritage Month, celebrated from September 15 to October 15, honors the contributions of Americans with roots in Spain, Mexico, Central America, South America, and the Spanish-speaking nations of the Caribbean. This celebration highlights the diversity that enriches the cultural tapestry of the
The Hispanic Population in America is Continuously Increasing Read More »
The Decline in Mortgage Demand for Second Homes We recently posted about how there are around 6.5 million second homes in America. With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low. Specifically, they say mortgage-rate locks for second homes fell 13.1% year over
Demand for mortgages for second homes has dropped to its lowest level in eight years. Read More »
Americans Continue to Spend Despite Rising Inflation According to Statista, inflation in the United States is on the rise, but that hasn’t stopped Americans from continuing to spend. Census data shows that monthly retail and food services sales have remained steady through July, indicating that consumers are still willing to open their wallets despite economic
Consumer Price Index Increases by 0.2% in August, 2024 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in August, 2024 (same as July). The all items index was up 2.5% for the 12 months ending in August. The index for shelter rose 0.5%
Inflation has increased by 2.5% compared to the previous year. Read More »
CoreLogic Home Price Insights Report: July 2024 According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023. On a month-over-month basis, home prices grew by 0.01% in July 2024 compared with one year ago. CoreLogic says
Tracking the Impact of Inflation on the Economy At Real Estate Investing Today, we closely monitor inflation as it is a crucial indicator that affects the entire economy. A recent chart from Statista highlights the Consumer Price Index (CPI) categories that have been most impacted by inflation in recent years. The data reveals a significant
Which sectors have been most affected by rising prices? Read More »
U.S. Construction Spending in July 2024 The U.S. government is reporting that total construction spending in July, 2024 was at a seasonally adjusted annual rate of $2,162.7 billion, which is 0.3% lower than June’s revised number. However, July’s revised estimate is 6.7% higher than one year ago. Residential construction came in at a seasonally adjusted
Construction spending in the U.S. experiences a slight decrease once more in July Read More »