Construction Spending Grows Just 0.1% in February
Spending on U.S. construction projects ticked up a mere 0.1% 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.
Factory Gains Cool as Inflation in Raw Materials Picks Up
U.S. factories expanded at a slightly slower pace in March, and a measure of raw-material prices hit an almost seven-year high, as manufacturers struggled to keep up with demand, data from the Institute for Supply Management showed April 2.
April 2, 2018Consumer Sentiment Surges to Highest Since 2004
Consumer sentiment in March reached the highest level since 2004 as a solid labor market and growth expectations offset concerns about tariffs and stock-market volatility, a University of Michigan survey showed March 29.
Consumer Spending Gain Lags Behind Income for Second Month
Consumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017 surge. Inflation, meanwhile, ticked up.
March 29, 2018Jobless Claims Decline to Lowest Level Since January 1973
U.S. filings for unemployment benefits unexpectedly fell last week to the lowest level since January 1973, further evidence that the labor market remains tight, Labor Department figures showed March 29.
March 29, 2018Pending Home Sales Increase for First Time in Three Months
A gauge of signed contracts to purchase previously-owned U.S. homes increased in February for the first time in three months, highlighting uneven progress in the industry, according to data released March 28 from the National Association of Realtors in Washington.
March 28, 2018Economic Growth Revised Higher on Spending, Inventories
The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released March 28.
Home Prices in 20 US Cities Advance More Than Forecast
A limited number of properties for sale against a backdrop of steady demand helped keep home prices elevated in January, according to S&P CoreLogic Case-Shiller data released March 27.
Consumer Confidence Eases for First Time This Year
U.S. consumer confidence declined in March for the first time this year on tempered optimism about the outlook for the economy, according to figures March 27 from the New York-based Conference Board.
March 27, 2018New-Home Sales Cool for Third Month as Prices Surge
Sales of new U.S. homes fell for a third straight month and supply swelled to the highest since 2009, suggesting that surging prices are increasingly deterring buyers, according to government data released March 23.