Author Archives: JOSH BOAK

{FD} July housing starts up a slight 0.9 percent as tariffs bite

U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. Continue reading

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{FD} Consumer prices up 2.9 pct, leaving Americans worse off

Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy. Continue reading

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{FD} US consumer borrowing rose $10.2 billion in June

Americans increased their borrowing in June at the slowest annual pace in three months as the level of credit card debt fell slightly. Continue reading

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{FD} US existing-home sales fell 0.6 percent in June

U.S. sales of existing homes fell 0.6 percent in June, the third straight monthly decline as higher prices and a relative lack of inventory has sidelined many would-be buyers. Continue reading

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{FD} US added 213,000 jobs in June; unemployment rose to 4 pct.

U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite a looming trade war with China. Continue reading

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{FD} US job growth was likely solid in June despite trade risks

Employers in the United States are thought to have kept up their brisk pace of hiring in June, reflecting the durability of the second-longest U.S. economic expansion on record even in the face of a trade war with China. Continue reading

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{FD} US pending home sales fell 0.5 percent in May

Fewer Americans signed contracts to purchase homes in May, as sales are being stifled by a shortage of properties on the market. Continue reading

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{FD} US housing starts jumped 5 pct. in May off Midwest building

A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. Continue reading

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{FD} Why many Americans aren’t benefiting from robust US economy

“The economy,” Federal Reserve Chairman Jerome Powell declared this week, “is doing very well.” Continue reading

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{FD} Weak pay growth puzzles Fed chief, just like everyone else

Halfway through a news conference Wednesday, the head of the world’s most powerful central bank was asked a question weighing on the minds — and the checking accounts — of Americans everywhere: When will people finally start getting meaningful pay rais… Continue reading

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{FD} US sales of new homes slipped 1.5 percent in April

Sales of new U.S. homes fell 1.5 percent in April, as buying plunged in the West. Continue reading

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{FD} US employers expected to have added solid 190K jobs in April

U.S. jobseekers likely enjoyed April after slogging through a so-so March. Continue reading

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{FD} US services firms grew in April at slowest pace this year

U.S. services firms grew at a slower pace in April compared to the prior month, as companies are reporting cost pressures from possible tariffs and a shortage of available workers. Continue reading

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{FD} US sales of new homes shot up 4 percent in March

Sales of new U.S. homes jumped 4 percent in March, propelled by a surge of buying in the West. Continue reading

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{FD} US consumer debt rose a slight 3.3 percent in February

US consumers increased their debt by just 3.3 percent in February, the weakest monthly change in nearly seven years despite an otherwise healthy economy. Continue reading

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{FD} US services firms grew at a slower pace in March

U.S. services firms expanded at a slower clip in March compared to the prior month, largely because the pace of business activity and new orders fell. Continue reading

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{FD} US construction spending grew just 0.1 percent in February

Spending on U.S. construction projects ticked up a mere 0.1 percent in February from the prior month, a sign that a growing economy is doing little to spur a more rapid pace for building homes, hospitals and highways. Continue reading

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{FD} Pace of US factory growth slipped in March

U.S. manufacturers say they expanded at a slower pace in March. Continue reading

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{FD} US new-home sales dipped in February, but demand is solid

Sales of new U.S. homes slipped 0.6 percent in February, the third straight monthly decline. Continue reading

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{FD} With fate of economy in his hands, Powell plays it low-key

In his first news conference as head of the world’s leading central bank, Jerome Powell avoided any professorial lectures. Continue reading

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{FD} US February housing starts fell 7 pct after January surge

Homebuilders broke ground on fewer apartment complexes in February, causing overall housing starts to fall 7 percent. Continue reading

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{FD} February retail sales fall 0.1 pct; auto, gas purchases fade

U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1 percent. Continue reading

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{FD} US factories expand at strongest rate in almost 14 years

American manufacturers say they expanded in February at the fastest pace in nearly 14 years. Continue reading

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{FD} US home construction tumbled 8.2 percent in December

Groundbreakings on new homes fell 8.2 percent in December, with builders ending 2017 by slowing down their construction of single-family houses. Continue reading

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{FD} US factories closed out 2017 with a boom

U.S. manufacturers expanded at a faster pace in December, boosted by a sharp increase in new orders. Continue reading

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{FD} US home prices surge 6.2 percent, outpacing wage growth

U.S. home prices climbed a robust 6.2 percent from a year ago, amid strong demand from would-be buyers and a shrinking supply of properties for sale. Continue reading

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{FD} Jobless rates fell in 24 US states, record lows in 5

Unemployment rates dropped to record lows in Alabama, California, Hawaii, Mississippi and Texas in November. Continue reading

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{FD} US housing starts rose 3.3 percent in November

Construction of new homes increased 3.3 percent in November — with the gain largely coming from single-family houses being built at the strongest pace in more than a decade. Continue reading

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{FD} US new-home sales jumped 6.2 percent in October

Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. Continue reading

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{FD} US home construction reaches strongest pace in a year

Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses. Continue reading

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{FD} Survey: US services sector posts strongest gains in 12 years

U.S. services companies in October grew at the best rate in more than a dozen years. Continue reading

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{FD} US producer prices rose 0.4 percent in September

Rising energy costs caused prices at the wholesale level to climb 0.4 percent in September. Continue reading

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{FD} US consumer borrowing rose at a slower pace in August

U.S. consumers slowed their borrowing in August to an annual pace of 4.2 percent — a pullback from a pace of nearly 7 percent over the past three years. Continue reading

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{FD} Irma’s damage a reminder of Florida economy’s vulnerability

Florida’s economy has long thrived on one import above all: People. Continue reading

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{FD} US producer prices rose in August as energy costs shot up

Higher energy costs led to prices at the wholesale level rising in August at the fastest pace in four months. Continue reading

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{FD} Insider Q&A: Higher pay needed to support stronger growth

Sluggish pay raises have been an Achilles’ heel for American workers since the Great Recession ended more than eight years ago — and a major headwind for faster economic growth. Continue reading

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{FD} US consumer borrowing increased in July

American consumers borrowed more heavily in July, increasing their debt primarily in a category that includes auto and student loans. Continue reading

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{FD} US services sector expanded at stronger rate in August

U.S. services businesses grew at a faster pace in August as measures for new orders and hiring improved. Continue reading

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{FD} US job growth slowed in August but economy still looks solid

U.S. job growth slowed in August as employers added 156,000 jobs, but even that decreased pace suggests that businesses remain confident in an economy now in its ninth year of recovery from the Great Recession. Continue reading

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{FD} 5 key figures to look for in Friday’s jobs report for August

The U.S. jobs report for August being released Friday will be watched to see whether employers extended a streak of steady hiring that’s helped shrink the unemployment rate to 4.3 percent, a 16-year low. Continue reading

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{FD} US pending home sales fell in July, 4th decline in 5 months

Fewer people signed contracts to buy homes in July, the fourth decline in the past five months. Continue reading

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{FD} US home prices surge in June, led by Seattle

U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers. Continue reading

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{FD} Pace of US home sales in July reached lowest level of 2017

Americans retreated from buying homes in July as sales sank 1.3 percent to their lowest level of the year. Continue reading

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{FD} US home construction slumped in July

Homebuilders pulled back sharply on construction of apartment complexes in July, causing housing starts to tumble to a three-month low. Continue reading

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{FD} New-home sales improved modestly in June

U.S. sales of new homes perked up slightly in June, a sign that more would-be buyers are seeking newly built properties. Continue reading

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{FD} US housing starts rebounded in June

Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Continue reading

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{FD} US job openings slipped in May, but hiring increased

U.S. employers posted fewer job openings in May. Continue reading

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{FD} US economic growth in Q1 upgraded to 1.4 percent

The U.S. economy got off to a lackluster start during the first three months of 2017, though it had a bit more momentum than earlier estimates indicated. Continue reading

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{FD} US pending home sales slip for 3rd straight month

Americans signed fewer contracts to buy homes in May, the third straight monthly decline and evidence that a shortage of homes for sale has suppressed home-buying. Continue reading

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{FD} Consumer confidence rises in June

U.S. consumers became more confident in June —with more Americans pleased by current conditions but slightly less hopeful about what the next six months hold. Continue reading

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