Jobless Claims

Last week’s economic reports included readings from Case-Shiller on home prices, pending home sales data and the post-meeting statement announcement from the Fed’s Federal Open Market Committee were released. Labor sector reports on jobs and the national unemployment rate were also released. Weekly readings on mortgage rates and initial jobless claims were also published. Case-Shiller: Home Price Growth Slows in August Home price growth slowed by 0.20 percent in August for the first time since August 2018. Home price growth rates typically decrease in August as peak home-buying season passes. The Case-Shiller 20-City Home Price Index showed a geographical shift…

Last week's economic reports included National Association of Home Builders' Housing Market Index, the Federal Reserve's Beige Book report and the University of Michigan's Consumer Sentiment Index. Weekly readings on mortgage rates and first-time jobless claims were also released. Commerce Department readings on housing starts and building permits issued were delayed due to the federal government shutdown, which continued and became the longest government shutdown on record. NAHB: Builder Confidence Rises Amid Headwinds Home builder confidence rose two points in January according to the National Association of Home Builders. Builder concerns over rising construction costs and tariffs on building materials…