Dees Stribling
Economy Watch: Construction Spending, ADP Reports
U.S. construction spending during August came in below the July rate. But private sector employment increased from August to September.
Economy Watch: Case-Shiller, Fannie Mae
The latest S&P/Case-Shiller Home Price Indices show a continuing slowdown in U.S. home price increases. Fannie Mae reported that the serious delinquency rate for the single-family mortgages that it owns or guarantees declined slightly in August.
Economy Watch: Personal Income, Spending; NAR Pending Home Sales Index
Personal income increased 0.3 percent in August. But NAR reported that its Pending Home Sales Index dropped the same month.
Economy Watch: GDP, Consumer Sentiment
Real gross domestic product increased at an annualized rate of 4.6 percent during the second quarter of 2014. The final Reuters/University of Michigan consumer sentiment index for September has spiked compared to the end of August.
Economy Watch: More Homes Emerge from Negative Equity in 2Q
Nearly 950,000 U.S. homes returned to positive equity in the second quarter, but new orders for U.S. manufactured goods suffered a steep drop in August.
Economy Watch: New Home Sales, Architectural Billings
New home sales turned up unexpectedly, to a level of 504,000 units; and the American Institute of Architects’ billings index also increased.
Economy Watch: Home Price Trends; Reports from the Road
Home prices were up 0.1 percent in July compared with June, the Federal Housing Finance Agency reported on Tuesday; travel on U.S. roads and streets increased 1.5 percent year over year in July, according to the U.S. Department of Transportation.
Economy Watch: NAR Reports on August Home Sales; Chicago Fed Updates Growth Trends
Home sales dipped 1.8 percent in August, the National Association of Realtors reported, while the Chicago Fed’s growth index slipped into negative territory.
Economy Watch: State Unemployment Levels, Household Net Worth
The Bureau of Labor Statistics reports that only 15 states saw unemployment decrease in August. Also, according to a new report by the Federal Reserve, the net worth of U.S. households has increased to a new high.
Economy Watch: Housing Starts, U.S. Current-Account Deficit, Unemployment Claims
The Census Bureau reported that housing starts are down in August, though up year-over-year. Also, the Bureau of Economic Analysis found that the U.S. current-account deficit decreased 3.5 percent quarter-over-quarter. Weekly unemployment claims are the lowest they have been in well over a decade.
