Economy Watch *DO NOT USE*
Economy Watch: Construction Spending Gains Ground
April saw a 1.8 percent month-over-month increase in construction spending, at an annualized rate of more than $1.3 trillion, according to the U.S. Census Bureau.
Economy Watch: Employment Up by 223K Jobs in May
Job creation for the month beat the average of the previous 12 months and was a major increase from April’s employment numbers, according to the Bureau of Labor Statistics latest jobs report.
Economy Watch: Beige Book Notes Strong Economy, Labor Shortage
Many firms are responding to talent shortages by increasing wages, but only at a modest pace, according to the Federal Reserve’s latest Beige Book.
Economy Watch: Consumer Confidence Bounces Back in May
An increase in The Conference Board’s Consumer Confidence Index in May suggests that the level of economic growth in the second quarter should improve from the first quarter, supported by solid consumer spending.
Economy Watch Weekly: US Economic Growth to Slow in 2019
Fannie Mae’s Economic and Strategic Research Group recently revised down its forecast for U.S. economic growth in 2019 and beyond. Economy Editor Dees Stribling discusses the reasons behind the less optimistic view, for the week ending May 25, 2018.
Economy Watch: Memorial Day Weekend Travel Up This Year
More than 41.5 million Americans will travel this holiday weekend, according to AAA, which bodes well for hotels, restaurants and other tourist-related real estate.
Economy Watch: Architects Still Busy in April
The American Institute of Architects’ Architecture Billings Index ticked up in April, reflecting a healthy business environment for architects and potentially developers.
Economy Watch: Revolutionary Times For Retail
While the retail sector is facing several challenges, the tumult is actually symptomatic of revolutionary change in the industry, with emerging winners and losers, according to a new Colliers International report.
Economy Watch Weekly: US Office, Industrial Markets Performing Well
Continued restraint in new development in the office sector and robust demand in the industrial sector contributed to strong first-quarter performances for the property types. Economy Editor Dees Stribling has the latest, for the week ending May 18, 2018.
Economy Watch: State Unemployment Stats Suggest Full Employment is Near
Four states experienced unemployment rate decreases in April, while rates were stable in 46 states and D.C., according to the Bureau of Labor Statistics latest jobs report.