n November, the average selling price of a U.S. home was 3.6 percent higher than in October, according to the S&P CoreLogic Case-Shiller National Home Price Index, due in significant part to a flurry of sales in New York City.
Tag: U.S. Economy
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CONSUMER CONFIDENCE DROOPS AGAIN IN JANUARY
Consumers’ view of the present and future economy fell more than economists expected last month, according to a January survey by the Conference Board (CB).
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U.S. ECONOMY GREW 2.8 PERCENT IN 2024
U.S. GDP expanded by 2.8 percent last year, the Commerce Department reported. The growth was smaller than 2023’s 3.2 percent but compared to much of the world, the U.S. economic growth is doing better than most.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we detail in this and previous Trends Journals, with the exception of the United States, most developed and underdeveloped nation’s economies are sluggish and/or in Dragflation: declining economic growth and rising inflation.
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TOP TREND 2023: OFFICE BUILDING BUST
Investors began to return to commercial properties in the latter part of 2024 but are still avoiding office buildings as a category, the Financial Times reported.
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TOP TREND 2025, THE TRUMP CARD: TRUMP DEMANDS LOWER OIL PRICES
In 23 January comments to executives at the World Economic Forum in Davos, U.S. president Donald Trump urged oil-producing nations to lower oil prices and that central banks cut their interest rates “immediately” afterward.
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SPECIAL REPORT: THE U.S. HOUSING BLUES
In both 2023 and 2024, U.S. home sales languished at their lowest levels since 1995, with sales last month 20 percent below the same period in 2019, the Financial Times reported…
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FOREIGN INVESTMENT POURS INTO THE U.S.
The proportion of global foreign investment being directed into the U.S. is the largest on record, the Financial Times reported, emphasizing the strength of the American economy compared to China’s or Europe’s.
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RECORD NUMBER OF CONSUMERS MAKING ONLY MINIMUM CREDIT CARD PAYMENTS
The proportion of credit card holders making only minimum payments rose to 10.75 percent in last year’s third quarter, the most since 2012, the Federal Reserve Bank of Philadelphia reported.
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U.S. ECONOMIC BRIEFS
In the week ending 18 January, jobless workers filed 223,000 new claims for unemployment benefits, compared to 217,000 the week before.