House votes to pass stopgap funding bill to avoid government shutdown

  • September 30, 2021
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  • realestate

The House joined the Senate on Thursday to approve a bill to fund the government through Dec. 3 and avert a government shutdown for now. The House voted 254-175 and the bill will now head to President Biden’s desk. It’s one of several political issues being followed closely by the markets, which have fallen Thursday

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Initial jobless claims unexpectedly rise to 362,000

  • September 30, 2021
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  • realestate

The number of Americans filing for first-time unemployment benefits rose to 362,000 in the week ended Sept. 25, according to the Labor Department. Analysts surveyed by Refinitiv were expecting the number of first-time filings to decline to 335,000.

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Pending home sales spike amid rising inventory, moderating prices

  • September 29, 2021
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  • realestate

Pending home sales snapped back in August, following two months of declines, as the housing market showed signs of regaining its footing.

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Home prices surge 19.7% annually in July

  • September 28, 2021
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  • realestate

U.S. home prices rose at a record pace for the fourth straight month in July as strong demand overwhelmed low inventory.

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Fed leaders Rosengren, Kaplan announce retirement

  • September 27, 2021
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  • realestate

Eric Rosengren of the Boston Federal Reserve will retire Sept. 30, citing health reasons. He’ll be followed into retirement by the Dallas Fed president.

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US jobless claim rise 351,000 in surprise jump

  • September 23, 2021
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  • realestate

The Labor Department said Thursday that 351,000 Americans filed for first-time unemployment benefits in the week ended Sept. 18. Analysts were expecting 320,00 new filings.

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The Federal Reserve has issued a new press release. Below is the release, along with the easy-to-understand breakdown included.

  • September 22, 2021
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  • realestate

September 22, 2021 This is #6 of 8 FOMC meetings this year. For release at 2:00 p.m. EDT – This is the time of day nearly all FOMC announcements are made. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its

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Homebuilding rebounds in August

  • September 21, 2021
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  • realestate

Housing starts rose 3.9% last month to a seasonally adjusted annualized rate of 1.615 million, the Commerce Department said Tuesday. Analysts were expecting 1.555 million starts.

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Retail sales unexpectedly rise as back-to-school shopping provides lift

  • September 16, 2021
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  • realestate

Retail sales, a measure of spending at restaurants, stores and online, last month rose 0.7%, according to the Commerce Department. Analysts expected a 0.8% decline.

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Consumer prices rise 5.3% annually in August

  • September 14, 2021
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  • realestate

The Labor Department said Tuesday that the consumer price index rose 5.3% year over year last month, matching economists’ expectations. Prices increased 0.3% month over month, slower than the 0.4% gain that was anticipated.

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