Economics | Real Estate Investing Today https://realestateinvestingtoday.com promote | protect | educate Fri, 23 Aug 2024 20:03:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://i0.wp.com/realestateinvestingtoday.com/wp-content/uploads/2020/03/cropped-NREIA-Transparent-Globe-copy.png?fit=32%2C32&ssl=1 Economics | Real Estate Investing Today https://realestateinvestingtoday.com 32 32 97045160 Local Market Monitor’s National Economic Outlook for August ’24 https://realestateinvestingtoday.com/local-market-monitors-national-economic-outlook-for-august-24/?utm_source=rss&utm_medium=rss&utm_campaign=local-market-monitors-national-economic-outlook-for-august-24 Wed, 28 Aug 2024 11:29:26 +0000 https://realestateinvestingtoday.com/?p=19262 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Do you have questions that you would like to have answered in the next NEO presentation?  Please submit your questions here. Click here for more information about [...]

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local market monitor logo newLocal Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy.

Do you have questions that you would like to have answered in the next NEO presentation?  Please submit your questions here.

Click here for more information about Local Market Monitor.

 

 

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Household Debt Rises to $17.8 Trillion https://realestateinvestingtoday.com/household-debt-rises-to-17-8-trillion/?utm_source=rss&utm_medium=rss&utm_campaign=household-debt-rises-to-17-8-trillion Tue, 27 Aug 2024 13:22:05 +0000 https://realestateinvestingtoday.com/?p=19237 A new report from the New York Fed says household debt has risen to $17.80 trillion (up 1.3%) in Q2 2024, according to their latest Quarterly Report on Household Debt and Credit.  The report says mortgage balances were $12.52 trillion (up $77 billion), auto loans were $1.63 trillion (up $10 billion) and credit card balances [...]

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new york fedA new report from the New York Fed says household debt has risen to $17.80 trillion (up 1.3%) in Q2 2024, according to their latest Quarterly Report on Household Debt and Credit.  The report says mortgage balances were $12.52 trillion (up $77 billion), auto loans were $1.63 trillion (up $10 billion) and credit card balances came in at $1.14 trillion (up $27 billion).  In addition, homeowners continued to increase balances on home equity lines of credit (HELOC) as an alternative way to extract home equity – these loans rose by $3 billion, marking the 9th consecutive quarterly increase. 

Click here to read the full report at the New York Fed.

 

 

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Housing Share of GDP Remains Above 16% https://realestateinvestingtoday.com/housing-share-of-gdp-remains-above-16/?utm_source=rss&utm_medium=rss&utm_campaign=housing-share-of-gdp-remains-above-16 Mon, 19 Aug 2024 13:22:11 +0000 https://realestateinvestingtoday.com/?p=19155 We recently posted about the nation’s GDP was up 2.8% in Q2, 2024.  The NAHB’s Eye on Housing took a deeper dive into the numbers to reveal that housing’s share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant at 15.9% for all of 2023.  In [...]

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NAHB eye on housing logoWe recently posted about the nation’s GDP was up 2.8% in Q2, 2024.  The NAHB’s Eye on Housing took a deeper dive into the numbers to reveal that housing’s share of the economy stayed level at 16.1% in the Q2, 2024 and remained above 16% after staying constant at 15.9% for all of 2023.  In addition, the more cyclical home building and remodeling component, residential fixed investment (RFI), was 4.0% of GDP, level from 4.0% in Q1, 2024.  RFI subtracted 5 basis points from the headline GDP growth rate in the second quarter of 2024, marking the first negative contributions since the second quarter of 2023.  Indeed….

Housing-related activities contribute to GDP in two basic ways:

The first is through residential fixed investment (RFI). RFI is effectively the measure of home building, multifamily development, and remodeling contributions to GDP. It includes construction of new single-family and multifamily structures, residential remodeling, production of manufactured homes and brokers’ fees.

The second impact of housing on GDP is the measure of housing services, which includes gross rents (including utilities) paid by renters, owners’ imputed rent (an estimate of how much it would cost to rent owner-occupied units) with utility payments. The inclusion of owners’ imputed rent is necessary from a national income accounting approach, because without this measure, increases in homeownership would result in declines in GDP.

Click here to read the full report at the NAHB’s Eye on Housing.

 

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Inflation Up 2.9% Year-Over-Year https://realestateinvestingtoday.com/inflation-up-2-9-year-over-year/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-up-2-9-year-over-year Mon, 19 Aug 2024 11:29:23 +0000 https://realestateinvestingtoday.com/?p=19217 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in July, 2024.  The all items index was up 2.9% for the 12 months ending in July.  The index for shelter rose 0.4% in July (the 6th consecutive month of increases), accounting for nearly 90% [...]

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BLS logoThe U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in July, 2024.  The all items index was up 2.9% for the 12 months ending in July.  The index for shelter rose 0.4% in July (the 6th consecutive month of increases), accounting for nearly 90% of the monthly increase in the all items index.

Click here to read the full release at the Bureau of Labor Statistics.

 

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ADP National Employment Report – July 2024 https://realestateinvestingtoday.com/adp-national-employment-report-july-2024/?utm_source=rss&utm_medium=rss&utm_campaign=adp-national-employment-report-july-2024 Tue, 13 Aug 2024 11:29:21 +0000 https://realestateinvestingtoday.com/?p=19174 According to the ADP National Employment Report for July, 2024, private employers added 122k jobs in July.  The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees. “With wage growth abating, the labor market [...]

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According to the ADP National Employment Report for July, 2024, private employers added 122k jobs in July.  The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.
“With wage growth abating, the labor market is playing along with the Federal Reserve’s effort to slow inflation. If inflation goes back up, it won’t be because of labor.”  Said ADP chief economist Nela Richardson.
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Local Market Monitor’s National Economic Outlook for July ’24 https://realestateinvestingtoday.com/local-market-monitors-national-economic-outlook-for-july-24/?utm_source=rss&utm_medium=rss&utm_campaign=local-market-monitors-national-economic-outlook-for-july-24 Thu, 08 Aug 2024 14:49:52 +0000 https://realestateinvestingtoday.com/?p=19214 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Do you have questions that you would like to have answered in the next NEO presentation? Please submit questions here. Click here for more information about Local [...]

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local market monitor logo newLocal Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy.

Do you have questions that you would like to have answered in the next NEO presentation? Please submit questions here.

Click here for more information about Local Market Monitor.

 

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Unemployment Rate Edges Up to 4.3% https://realestateinvestingtoday.com/unemployment-rate-edges-up-to-4-3/?utm_source=rss&utm_medium=rss&utm_campaign=unemployment-rate-edges-up-to-4-3 Thu, 08 Aug 2024 11:29:40 +0000 https://realestateinvestingtoday.com/?p=19194 According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 114k in July, 2024 with the unemployment rate rising slightly to 4.3%.   Employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs. Click here to read the full report [...]

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BLS logoAccording to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 114k in July, 2024 with the unemployment rate rising slightly to 4.3%.   Employment continued to trend up in health care, in construction, and in transportation and warehousing, while information lost jobs.

Click here to read the full report at the Bureau of Labor Statistics.

 

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GDP Up 2.8% in Q2 2024 https://realestateinvestingtoday.com/gdp-up-2-8-in-q2-2024/?utm_source=rss&utm_medium=rss&utm_campaign=gdp-up-2-8-in-q2-2024 Mon, 29 Jul 2024 13:22:29 +0000 https://realestateinvestingtoday.com/?p=19140 According to their “advance” estimate, the U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 2.8% in Q2 2024.  That figure is 1.4 percentage points higher than Q1’s annualized increase. Click here to read the full report at the U.S. Bureau of Economic Analysis. [...]

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bea logoAccording to their “advance” estimate, the U.S. Bureau of Economic Analysis is reporting that America’s real gross domestic product (GDP) increased at an annual rate of 2.8% in Q2 2024.  That figure is 1.4 percentage points higher than Q1’s annualized increase.

Click here to read the full report at the U.S. Bureau of Economic Analysis.

 

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Inflation Up 3% Year-Over-Year https://realestateinvestingtoday.com/inflation-up-3-year-over-year/?utm_source=rss&utm_medium=rss&utm_campaign=inflation-up-3-year-over-year Thu, 18 Jul 2024 11:29:29 +0000 https://realestateinvestingtoday.com/?p=19101 The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) decreasd 0.1% in June, 2024.  The all items index was up 3% for the 12 months ending in June.  The index for shelter rose 0.2% in May, the fifth consecutive month of increases. Click here to read [...]

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BLS logoThe U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) decreasd 0.1% in June, 2024.  The all items index was up 3% for the 12 months ending in June.  The index for shelter rose 0.2% in May, the fifth consecutive month of increases.

Click here to read the full release at the Bureau of Labor Statistics.

 

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ADP National Employment Report – June 2024 https://realestateinvestingtoday.com/adp-national-employment-report-june-2024/?utm_source=rss&utm_medium=rss&utm_campaign=adp-national-employment-report-june-2024 Tue, 16 Jul 2024 13:22:41 +0000 https://realestateinvestingtoday.com/?p=19091 According to the ADP National Employment Report for June, 2024, private employers added 150k jobs in May – slowing for the third consecutive month.  The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees. [...]

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According to the ADP National Employment Report for June, 2024, private employers added 150k jobs in May – slowing for the third consecutive month.  The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.
“Job growth has been solid, but not broad-based…Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.”  Said ADP chief economist Nela Richardson.
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