Jobless Claims Decrease to Lowest Level Since February
A strengthening labor market remains an engine for U.S. growth as the number of Americans filing for unemployment benefits dropped to the lowest since February, Labor Department data showed Aug. 17.
Housing Starts Fell in July on Apartment Building Slowdown
U.S. housing starts stumbled in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy, Commerce Department data showed Aug. 16.
Homebuilder Sentiment Reaches Three-Month High in August
Sentiment among American homebuilders unexpectedly increased to a three-month high as builders saw greater prospects for industry demand despite elevated material costs and shortages of labor and lots, according to data Aug. 15 from the National Association of Home Builders/Wells Fargo.
Consumer Comfort Reaches 16-Year High on Economic Optimism
Americans last week registered their strongest optimism in 16 years on more upbeat views about the state of the economy, their personal finances and the buying atmosphere, according to Bloomberg News Consumer Comfort data released Aug. 10
Factory Gauge Continues to Signal Solid Expansion in July
American manufacturers turned in another solid month in July amid steady growth in production, orders and employment, according to figures from the Institute for Supply Management released Aug. 1.
Housing Starts at Four-Month High Give Boost at Quarter-End
Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed July 19.
Homebuilder Sentiment Declines to an Eight-Month Low
Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to July 18 data from the National Association of Home Builders/Wells Fargo.
Second Straight Drop in Retail Sales Shows Tepid Spending
Retail sales unexpectedly dropped for a second month in June, signaling consumers are providing only modest support for the U.S. economy, Commerce Department data showed July 14.
Steady Home-Price Gains in 20 US Cities Show Weak Inventory
Sustained increases for home prices in 20 U.S. cities in April indicate the housing industry is juggling stable demand with a shortage of inventory.
Drop in Housing Starts Shows Industry May Weigh on Growth
Three straight months of declines in new-home construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed June 16.