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Dan Rivard
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May 26, 2023
US multifamily segment of apartments in 2 to 4 unit properties disappointed in Q1 2023 with only 4,000 starts, flat from Q1 2022; segment accounted for only 4.0% of total multifamily production compared to a little less than 11% from 2000 to 2010: NAHB
May 26, 2023
Japan's card payments market expected to reach $742.4B in 2023, a 7.5% rise led by consumer preference for electronic payments; card payments value rose 7.9% in 2022, expected to grow at a compound annual rate of 6.3% to hit $882.4B by 2026: GlobalData
May 26, 2023
US multifamily for-rent housing starts remained elevated with a market share of rental units at 96% during Q1 2023; average square footage of multifamily construction starts has also ticked up to 1,065 sq. ft.: NAHB
May 26, 2023
Share of US homebuyers looking to move to a different metro fell 6.0% year-over-year in April; San Francisco, New York and Los Angeles saw the highest outflows while Phoenix, Miami and Las Vegas saw highest inflows: Redfin
May 26, 2023
University of Michigan's Index of Consumer Sentiment posted a final May reading of 59.2, down from April's 63.5; sentiment fell significantly for consumers in the West and those with middle incomes
May 25, 2023
Science Based Targets Network launches science-based targets for nature, helping companies take action across freshwater, land, ocean, biodiversity, climate; targets provide guidance on assessing and prioritizing environmental impacts, and target-setting
May 25, 2023
US national gas price average rose four cents to US$3.57 in week ended May 25, and fell eight cents month-over-month; gas demand increased to 9.43 million b/d from 8.91 million b/d last week: AAA
May 25, 2023
US real GDP in Q1 rose at annual rate of 1.3%, revised from prior estimate of 1.1%; increase reflected rise in consumer spending, exports, federal government spending, and state and local government spending: Dept. of Commerce
May 25, 2023
US 30-year fixed-rate mortgage averaged 6.57% as of May 25, up from 6.39% a week ago; 30-year FRM averaged 5.10% a year ago: Freddie Mac
May 25, 2023
Pending US home sales unchanged in April from March at 78.9 on NAR's index, 20.3% lower year-over-year; all four regions registered annual declines in transactions
May 24, 2023
US commercial crude oil inventories in week ended May 19 decreased by 12.5 million barrels from the previous week to 455.2 million barrels; inventories are 3% below the five year average for this time of year: EIA
May 24, 2023
Employment increased in 325 of 355 largest US counties between December 2021 and December 2022; national employment was 152.3 million in December 2022, up 2.6% year-over-year: Dept. of Labor
May 24, 2023
UK Producer Price Inflation rose by 5.4% in the year to April, down from 8.5% in year to March; input prices increased by 3.9%, down from 7.3% in year to March: ONS
May 24, 2023
UK Consumer Prices Index rose by 8.7% in the 12 months to April, down from 10.1% in March; electricity and gas prices contributed 1.42% to the decline in annual inflation: ONS
May 23, 2023
PulteGroup announced Kevin A. Henry has been appointed Executive Vice President and Chief People Officer
May 23, 2023
LGI Homes announced further expansion into the Raleigh-Durham, North Carolina market with opening of new community, Satterfield Farm; community offers single-family homes with up to five bedrooms ranging from 1,173 sq. ft. to 2,805 sq. ft.
May 23, 2023
Sales of new US single‐family houses in April at seasonally adjusted annual rate of 683,000, up 4.1% from revised March rate, up 11.8% year-over-year; median sales price was US$420,800, inventory at end of April was 433,000: Dept. of Commerce
May 23, 2023
Canada's Industrial Product Price Index fell 0.2% in April from March, and down 3.5% year-over-year; Raw Materials Price Index increased 2.9% on a monthly basis in April, but decreased 10.8% year-over-year: Statistics Canada
May 23, 2023
The au Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index was 50.8 in May, up from 49.5 in April; suppliers' delivery times shortened for the first time since January 2020 due to easing supply chain issues
May 22, 2023
OSHA begins a National Emphasis Program to prevent falls, the leading cause of fatal workplace injuries; the initiative aligns enforcement and outreach efforts to protect workers
May 22, 2023
Total US custom building starts down 22% year-over-year to 36,000 in Q1; custom housing starts totaled 204,000 units over last four quarters, unchanged from prior four-quarter period: NAHB
May 22, 2023
Median US single-family home had an area of 2,261 sq. ft. in Q1 2023; on a one-year moving average basis, median size is up 7% from cycle lows to 2,262 sq. ft.: NAHB
May 22, 2023
US goods and services deficit was US$64.2B in March, down US$6.4B from February's revised US$70.6B; March exports rose US$5.3B to US$256.2B, imports decreased US$1.1B to US$320.4B: Dept. of Commerce
May 22, 2023
US real GDP increased in 46 states and DC in Q4 2022, percent change in real GDP ranged from 7.0% in Texas to -4.3% in South Dakota; real GDP increased in 42 states and DC in 2022, ranging from 4.9% in Idaho to -2.4% in Alaska: Dept. of Commerce
May 19, 2023
Government of Canada opens funding applications for industrial facilities under the Green Industrial Facilities and Manufacturing Program; facilities can receive up to C$10M per proposal to implement energy efficiency projects
May 19, 2023
Townhouse construction slowed in Q1 after a strong 2022, but market share remained high at 15.6%; long-term prospects are still positive as more homebuyers seek medium-density residential neighborhoods: NAHB
May 19, 2023
US home sales in April decreased 7.6% month-over-month, median home price rose 2.3% to US$409,000; for-sale home inventory rose by 1.8% from March and 24.3% year-over-year: Re/Max
May 19, 2023
US existing-home sales fell 3.4% in April to seasonally adjusted annual rate of 4.28 million; inventory of unsold homes increased 7.2% to 1.04 million, equal to 2.9 months of the monthly sales pace: NAR
May 19, 2023
Median US home sale price fell 2.7% year-over-year to US$371,875 in four-week period ended May 14, asking price of new listings was down 0.3% to US$398,429; new listings fell 24.3%, total listings rose 1.8%: Redfin
May 18, 2023
US 30-year fixed-rate mortgage averaged 6.39% as of May 18, up from 6.35% a week ago; 30-year FRM averaged 5.25% a year ago: Freddie Mac
May 18, 2023
US national gas price average was unchanged at US$3.53 in week ended May 18, and decreased fourteen cents month-over-month; gas demand decreased to 8.91 million b/d from 9.30 million b/d last week: AAA
May 18, 2023
US Leading Economic Index fell 0.6% in April to 107.5 compared to a 1.2% decline in March, signaling a worsening economic outlook; Conference Board forecasts a recession starting in Q2
May 18, 2023
VTT's SUNSET-6G project is evaluating sustainability of cybersecurity technologies from different angles, incorporating decentralized security for--what will be--the highly distributed 6G network; project partners include Nokia, WithSecure, Satel, Eficode
May 18, 2023
Unemployment rate for foreign-born persons in the US was 3.4% in 2022, compared to a rate of 3.7% for native-born persons; in 2022, share of foreign-born persons in the US labor force was 18.1% of the total, up from 17.4% in 2021: Dept. of Labor
May 17, 2023
American Carbon Registry names Jessica Bede as its new managing director; Bede joined ACR in 2019 after seven years at California Air Resources Board and has served as ACR's director of registry operations
May 17, 2023
Global labor productivity expected to register a 1.2% increase in 2023; Japan, Australia, Canada, and South Korea expected to experience positive productivity growth: The Conference Board
May 17, 2023
Euro area annual inflation rate was 7.0% in April, up from 6.9% in March; the rate was 7.4% a year earlier: Eurostat
May 17, 2023
Privately‐owned US April housing starts at seasonally adjusted annual rate of 1,401,000, up 2.2% from revised March level, down 22.3% annually; building permits fell 21.1% annually to 1,416,000, completions up 1.0% to 1,375,000: Dept. of Commerce
May 17, 2023
US job openings rates decreased in 15 states, increased in 1 state and DC on the last business day of March; hires rates decreased in 5 states and increased in 2 states, separations rates increased in 5 states and decreased in 2 states: BLS
May 16, 2023
US builder confidence in market for newly built single-family homes up five points to 50 in May; builders continue to face challenges to meet demand for new construction, including shortage of building materials and tightening credit conditions: NAHB
May 16, 2023
Conference Board Leading Economic Index for Euro area fell 0.6% in April to 106.5 following a 0.6% decrease in March; annual real GDP growth projected to slow to 0.8% in 2023
May 16, 2023
Euro area international trade in goods surplus was €25.6B in March compared to a deficit of €20.0B in March 2022; exports registered €269.2B, imports stood at €243.6B: Eurostat
May 16, 2023
Euro area seasonally adjusted GDP increased by 0.1% in Q1 from Q4, up 1.3% year-over-year: Eurostat
May 16, 2023
US industrial production increased 0.5% in April from March, with manufacturing output up 1.0%; capacity utilization increased 0.3 percentage point in April to 79.7%: Federal Reserve
May 15, 2023
Global deal activity fell 29.9% annually in first four months of 2023 due to economic, political uncertainties; mergers and acquisitions, private equity and venture financing deals saw annual declines of 21.5%, 36.7%, and 37.5% respectively; GlobalData
May 15, 2023
UK Conference Board Leading Economic Index fell 0.9% in March, continuing a six month contraction and suggesting further downside risks for the economy in 2023; Coincident Economic Index rose 0.1%, signaling improved current conditions in the economy
May 15, 2023
Canadian home sales rose 11.3% in April from March, down 19.5% year-over-year; newly listed properties rose 1.6% month-over-month, national average home price decreased 3.9% year-over-year to C$716,000: CREA
May 15, 2023
Euro area seasonally adjusted industrial production decreased by 4.1% in March from February; production decreased by 1.4% year-over-year: Eurostat
May 15, 2023
Wholesale sales in Canada fell 0.1% to C$85.6B in March, led by the miscellaneous subsector and the machinery equipment and supplies subsector; inventories increased 0.7% to C$131.9B: Statistics Canada
May 12, 2023
Median US home sale price fell 2.7% year-over-year to US$370,625 in four-week period ended May 7, asking price of new listings was up 0.5% to US$398,750; new listings fell 19.3%, total listings rose 3.6%: Redfin
May 12, 2023
US median monthly asking rent in April increased 0.3% annually to US$1,967, down 0.2% month-over-month; Providence, Rhode Island saw the largest increase, up 16.0% annually while Austin, Texas registered the largest decrease, down 14.3%: Redfin
May 12, 2023
University of Michigan's Index of Consumer Sentiment posts preliminary May level of 57.7, down from April's 63.5; decline in sentiment due to renewed concerns about the trajectory of the economy
May 12, 2023
Prices for US imports rose 0.4% in April after declining 0.8% the previous month, led by higher fuel prices; export prices increased 0.2% following a 0.6% decrease in March: BLS
May 12, 2023
UK production output estimated to have risen 0.7% in March, with manufacturing contributing the most to increase; production output was 0.4% above pre-pandemic level: ONS
May 11, 2023
Paychex | IHS Markit Small Business Jobs Index decreased to 99.49 in April; average hourly earnings declined to 4.52%
May 11, 2023
CoreLogic US Home Price Index increased 1.6% month-over-month in March and rose 3.1% year-over-year, the lowest rate of appreciation since spring of 2012; annual gains are projected to grow to 4.6% by March 2024
May 11, 2023
About 62.3% of US workers are satisfied with their employment, up 2.1% from prior year; workers who voluntarily switched jobs since the pandemic reported higher satisfaction: Conference Board survey
May 11, 2023
US national gas price average fell four cents to US$3.53 in week ended May 11, and decreased seven cents month-over-month; gas demand increased to 9.30 million b/d from 8.62 million b/d last week: AAA
May 11, 2023
US 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from 6.39% a week ago; 30-year FRM averaged 5.30% a year ago: Freddie Mac
May 10, 2023
US Consumer Price Index increased 0.4% in April on a seasonally adjusted basis after rising 0.1% in March, as increase in index for shelter was the largest contributor to monthly growth; all items index increased 4.9% year-over-year: BLS
May 10, 2023
Real average hourly earnings for all US employees increased 0.1% from March to April; earnings decreased 0.5%, seasonally adjusted, from April 2022 to April 2023: BLS
May 10, 2023
US commercial crude oil inventories in week ended May 5 increased by 3.0 million barrels from the previous week to 462.6 million barrels; inventories are about 1% below the five year average for this time of year: EIA
May 10, 2023
Value of Canada's building permits increased 11.3% to C$11.8B in March; value of new residential building permits decreased 0.9%: Statistics Canada
May 10, 2023
US natural gas spot price at Henry Hub averaged US$2.16/MMBtu in April, down from US$2.31/MMBtu from March; Henry Hub price expected to average about US$2.35/MMBtu in May, and US$3.00/MMBtu in July and August: EIA
May 9, 2023
J.P.Morgan Global Composite PMI rose to 54.2 in April from 53.4 in March, with growth of output and new orders at their highest levels since December 2021 and March 2022; upturn was led by the service sector, as manufacturing conditions remained sluggish
May 9, 2023
Canada's merchandise trade surplus in 2022 widened from C$4.6B to C$21.8B; value of merchandise imports increased 19.9% while the value of exports rose 22.5%: Statistics Canada
May 8, 2023
National Science Foundation to establish seven new National Artificial Intelligence Research Institutes to promote ethical and trustworthy AI systems, develop novel approaches to cybersecurity, contribute to innovative solutions to climate change, more
May 8, 2023
US average on-highway diesel fuel price in week ended May 8 decreased to US$3.922/gallon from US$4.018/gallon last week; average regular gasoline price decreased to US$3.533/gallon from US$3.600/gallon: EIA
May 8, 2023
Conference Board Employment Trends Index increased to 116.18 in April from 115.51 in March; share of CEOs that expect to expand their workforce over the next year was 33%
May 8, 2023
US wholesale sales in March decreased 2.1% from revised February level to US$655.3B, and down 2.9% from revised March 2022 level; inventories were virtually unchanged in March at US$918.5B, and down 9.1% year-over-year: Dept. of Commerce
May 8, 2023
Fannie Mae Home Purchase Sentiment Index increased 5.5 points to 66.8 in April, the highest level since May 2022; those saying it is a bad time to buy decreased 77% from 79%, share saying it is a good time to sell increased to 62% from 58%
May 5, 2023
Ellen MacArthur Foundation launches Circular Startup Index, a database of more than 500 startups across sectors, industries, geographies; index ‘has already expedited our work, bringing us into contact with potential partners,’ says DS Smith manager
May 5, 2023
Caixin China General Services PMI in April fell to 56.4 from March's 57.8; activity levels attributed to improved market conditions, higher customer numbers and greater demand
May 5, 2023
Median US home sale price fell 2.7% year-over-year to US$368,918 in four-week period ended Apr. 30, asking price of new listings was unchanged at US$395,725; new listings fell 22.9%, total listings rose 5.9%: Redfin
May 5, 2023
Euro area seasonally adjusted volume of retail trade decreased by 1.2% in March from February, decreased by 3.8% year-over-year: Eurostat
May 5, 2023
US national gas price average fell six cents to US$3.57 in week ended May 4, and increased seven cents month-over-month; gas demand decreased to 8.62 million b/d from 9.51 million b/d last week: AAA
May 4, 2023
S&P Global ASEAN Manufacturing PMI rose to 52.7 in April from 51.0 in March; upturn supported by larger increase in output and new orders, with new business expanding for the fourth straight month
May 4, 2023
Caixin China General Manufacturing PMI fell to 49.5 in April from 50.0 in March; total new orders fell slightly for the first time in three months largely due to softer domestic demand
May 4, 2023
HCOB Eurozone Composite PMI Output Index in April rose to 54.1 from 53.7 in March; increase in output solely reflected growth in services activity as manufacturing production declined: S&P Global
May 4, 2023
S&P Global/CIPS UK Services PMI Business Activity Index in April registered 55.9, up from 52.9 in March; growth fuelled by strongest upturn in new orders since March 2022
May 4, 2023
J.P.Morgan Global Manufacturing PMI was 49.6 in April, unchanged from March and below 50.0 for the eighth straight month; improved supply-chain conditions, clearance of existing backlogs offset weaker demand: S&P Global
May 3, 2023
Global cybersecurity market to reach valuation of US$425B by 2030, growing at a 13.8% CAGR during 2023-2030 period; growing adoption of cybersecurity technologies to eliminate cyber threats drives demand for network security solutions: report
May 3, 2023
Meritage Homes recognized with 2023 Hearthstone BUILDER Humanitarian Award; award recognizes homebuilders who demonstrate commitment to public service
May 3, 2023
US homeownership rate in Q1 2023 was 66.0%, not statistically different from Q1 2022, 65.4%; national vacancy rates were 6.4% for rental housing and 0.8% for homeowner housing: Dept. of Commerce
May 3, 2023
US unemployment rates in March fell from a year earlier in 208 of 389 metro areas, rose in 151 areas and unchanged in 30 areas; nonfarm payroll employment increased over the year in 91 metro areas, fell in 1 area, unchanged in 297 areas: Dept. of Labor
May 3, 2023
S&P Global US Services PMI in April rose to 53.6 from 52.6 in March, the third consecutive monthly increase; output, new orders and employment growth accelerated amid greater customer confidence
May 2, 2023
New orders for US manufactured durable goods increased 3.2% in March to US$276.2B, unchanged from previously published increase; shipments increased 1.1% to US$277.1B, inventories fell 0.9% to US$488.8B: Dept. of Commerce
May 2, 2023
Number of US job openings at 9.6 million on last business day of March, hires and total separations little changed at 6.1 million and 5.9 million, respectively; quits were little changed at 3.9 million, layoffs and discharges increased to 1.8 million: BLS
May 2, 2023
LGI Homes reports Q1 net income down 65.7% year-over-year to US$27.0M, home sales revenues fell 10.7% to US$487.4M, closings down 14.6% to 1,366 homes
May 2, 2023
Euro area annual inflation expected to rise to 7.0% in April from 6.9% in March; food, alcohol and tobacco expected to have the highest annual rate in April at 13.6%, followed by non-energy industrial goods at 6.2%: Eurostat
May 2, 2023
S&P Global/CIPS UK Manufacturing PMI in April edged down to 47.8 from 47.9 in March; output and new orders contracted, as firms attributed the decrease in demand to client destocking and efforts to cut costs
May 1, 2023
When employees leave their jobs, those exits can lead to many others quitting, according to study from UBC Sauder School of Business; study is based on employment data for roughly 1 million employees from a major retailer
May 1, 2023
US construction spending in March at seasonally adjusted annual rate of US$1.83T, up 0.3% from February, up 3.8% annually; private construction up 0.3% from February at US$1.44T, residential construction down 0.2% to US$827.7B: Dept. of Commerce
May 1, 2023
S&P Global Canada Manufacturing PMI increased to 50.2 in April from 48.6 in March; output and employment increased, while order books fell modestly
May 1, 2023
S&P Global US Manufacturing PMI rose to 50.2 in April from 49.2 in March, the highest reading since October 2022; new orders returned to expansion territory, while production increased at fastest pace since May 2022
May 1, 2023
D.R. Horton's fiscal Q2 net income fell 34% year-over-year to US$942.2M, consolidated revenues at US$8.0B; net sales orders declined 5% to 23,142 homes and fell 11% in value to US$8.6B, while homes closed decreased 1% to 19,664 homes
April 28, 2023
Share of US homebuyers looking to move to a different metro fell 4.2% year-over-year in Q1; San Francisco, New York and Los Angeles saw the highest outflows while Miami, Phoenix and Las Vegas saw highest inflows: Redfin
April 28, 2023
Median US home sale price fell 2.8% year-over-year to US$367,053 in four-week period ended Apr. 23, asking price of new listings up 0.2% to US$394,375; new listings down 22.4%, total listings up 7.4%: Redfin
April 28, 2023
Euro area GDP increased by 0.1% in Q1 from the previous quarter, after remaining stable in Q4; euro area GDP grew by 1.3% year-over-year in Q1: Eurostat
April 28, 2023
University of Michigan's Index of Consumer Sentiment posted a final April reading of 63.5, up from March's 62.0; short and long-run economic outlook improved modestly month-over-month
April 28, 2023
Compensation costs for US civilian workers increased 1.2%, seasonally adjusted, in Q1; wages and salaries increased 1.2%, benefit costs rose 1.2% from December 2022: BLS
April 27, 2023
US 30-year fixed-rate mortgage averaged 6.43% as of Apr. 27, up from 6.39% a week ago; 30-year FRM averaged 5.10% a year ago: Freddie Mac
April 27, 2023
US national gas price average fell five cents to US$3.63 in week ended Apr. 27, and increased twenty cents month-over-month; gas demand increased to 9.51 million b/d from 8.52 million b/d last week: AAA
April 27, 2023
Conference Board Leading Economic Index for China increased 0.1% in March to 155.9 following a 0.3% decrease in February; GDP growth projected at 5.1% in 2023
April 27, 2023
US real GDP increased at an annual rate of 1.1% in Q1; upturn reflected increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment: Dept. of Commerce
April 27, 2023
Pending US home sales decreased in March, down 5.2% from February to 78.9 on NAR's index, 23.2% lower year-over-year; three regions registered annual declines in transactions, the South registered an increase
April 26, 2023
New orders for US manufactured durable goods increased 3.2% in March to US$276.4B; shipments rose 1.1% to US$277.0B, inventories decreased 0.9% to US$488.8B: Dept. of Commerce
April 26, 2023
Gross job gains from opening/expanding US private-sector businesses at 8.8 million in Q3, an increase of 561,000 jobs from Q2; gross losses from closing/contracting firms at 7.5 million, a decrease of 1.0 million jobs from Q2, net gain of 1.3 million: BLS
April 26, 2023
Some 62.0% of 2022 high school graduates age 16-24 were enrolled in colleges/universities last fall, little changed from 61.8% in 2021; 76.4% of those aged 20-29 who earned bachelor’s degrees in 2022 had jobs: BLS
April 26, 2023
UK productivity as measured by output per hour worked in Q4 was 2.1% above pre-COVID level, unchanged year-over-year; output per worker was 0.4% above pre-pandemic level, down 0.2% year-over-year: ONS
April 26, 2023
US commercial crude oil inventories in week ended Apr. 21 decreased by 5.1 million barrels from the previous week to 460.9 million barrels; inventories are about 1% below the five year average for this time of year: EIA
April 25, 2023
Industry Intelligence CEO on applying AI to empower users to define their own information needs, solve business problems using trusted, relevant data
April 25, 2023
Annual US home improvements and maintenance spending projected to decline 2.8% through Q1 2024; remodeling market size is projected at US$458B in 2023: JCHS
April 25, 2023
Conference Board US Consumer Confidence Index fell to 101.3 in April from 104.0 in March, as expectations remain below levels associated with a recession; inflated prices and fewer job opportunities over the short term add to the pessimistic outlook
April 25, 2023
US home prices rose 0.2% month-over-month in February, up 2.0% year-over-year with Miami, Tampa and Atlanta registering the highest annual gains; annual gain was lower than the 3.7% increase registered in January: S&P CoreLogic Case-Shiller Index
April 25, 2023
US sales of new single-family homes in March was at seasonally adjusted annual rate of 683,000, up 9.6% from February but down 3.4% year-over-year; median sales price was US$449,800, for-sale inventory at the end of March was 432,000: Dept. of Commerce
April 25, 2023
UK public sector net borrowing in March was £21.5B, an increase of £16.3B over March 2022; debt at the end of March was £2.53T, or 99.6% of GDP: ONS
April 24, 2023
S&P Global / CIPS Flash United Kingdom PMI rose to 53.9 in April from March's 52.2; goods producers noted that customer destocking, efforts to cut costs put downward pressure on demand
April 24, 2023
S&P Global Flash US Composite PMI registered 53.5 in April, up from 52.3 in March; stronger demand conditions, improving supply and a rise in new orders supported the expansion
April 24, 2023
Share of US 25-year olds that owned their home in 2022 was 30%, slightly higher than 28% for millennials and 27% for Gen Xers when they were 25, but lower than 32% for baby boomers: Redfin
April 24, 2023
UK public service productivity fell 1.6% year-over-year in Q4 and rose 0.4% quarter-over-quarter, driven by a decrease of 0.1% in inputs and an increase of 0.3% in output: ONS
April 21, 2023
Housing wealth for homeowners aged 62 and older in Q4 fell 0.24% from Q3 to US$12.39T; senior-held mortgage debt increased by US$30B: NRMLA
April 21, 2023
Euro area government deficit-to-GDP ratio increased to 4.7% in Q4 from 4.6% in Q3; increase due to stronger increases in total expenditure than in total revenue: Eurostat
April 21, 2023
Euro area government debt declined to 91.6% of GDP in Q4 from 93.0% in Q3, as increase in GDP outweighed increase in government debt; highest ratios of government debt to GDP were recorded in Greece, Italy, Portugal, Spain, France and Belgium: Eurostat
April 21, 2023
Euro area government deficit-to-GDP ratio in 2022 was 3.6%, down from 5.3% in 2021; government debt-to-GDP ratio declined to 91.6% from 95.5% in 2021: Eurostat
April 21, 2023
US national gas price average rose four cents to US$3.68 in week ended Apr. 20, and increased twenty four cents month-over-month; gas demand decreased to 8.52 million b/d from 8.94 million b/d last week: AAA
April 20, 2023
US existing-home sales fell 2.4% in March to seasonally adjusted annual rate of 4.44 million; inventory of unsold homes increased 1.0% to 980,000, equal to 2.6 months of the monthly sales pace: NAR
April 20, 2023
Euro area international trade in goods surplus was €4.6B in February compared to a deficit of €9.4B in February 2022; exports registered €232.7B, imports stood at €228.1B: Eurostat
April 20, 2023
EU flash consumer confidence indicator for April rose 1.7 percentage points from March to -18.9, euro area flash consumer confidence up 1.6 percentage points to -17.5; confidence remains well below long-term average: European Commission
April 20, 2023
US 30-year fixed-rate mortgage averaged 6.39% as of Apr. 20, up from 6.27% a week ago; 30-year FRM averaged 5.11% a year ago: Freddie Mac
April 20, 2023
US unemployment insurance claims in week ended Apr. 15 increased by 5,000 to 245,000, four-week moving average fell by 500 to 239,750; total continued weeks claimed for benefits decreased by 50,026 to 1.82 million in week ended Apr. 1: Dept. of Labor
April 19, 2023
Biden-Harris Administration announces US$50M in funding from the Infrastructure Law for states to ensure that smart manufacturing technologies and high-performance computing are more accessible by small- and medium-sized domestic manufacturers
April 19, 2023
Share of US adults that work from home at least two days a week reached 30%; while 45% of millennials, 35% of Gen Zers and 31% of Gen Xers can work from home at least twice a week, only 15% of boomers can
April 19, 2023
US home sales in March increased 37.7% month-over-month, median home price rose 3.4% to US$396,000; for-sale home inventory declined by 2.8% from February, but rose 56.4% year-over-year: Re/Max
April 19, 2023
Median US home price fell 3.3% year-over-year to US$400,528 in March, the largest annual decline since 2012; Boise, Idaho experienced the largest price declines, down 15.4%: Redfin
April 19, 2023
Euro area annual inflation rate was 6.9% in March, down from 8.5% in February; the rate was 7.4% a year earlier: Eurostat
April 18, 2023
US-based firms announced 139 CEO changes in March, down from 167 in February and up from 119 in March 2022; year-to-date, 418 CEOs have left their positions, an increase of 6% year-over-year: Challenger, Gray & Christmas
April 18, 2023
Privately‐owned US March housing starts at seasonally adjusted annual rate of 1,420,000, down 0.8% from revised February level, down 17.2% annually; building permits fell 24.8% annually to 1,413,000, completions up 12.9% to 1,542,000: Dept. of Commerce
April 18, 2023
Canadian multifactor productivity fell 2.1% in the business sector in 2021; decline resulted from combined input growth outpacing output growth: Statistics Canada
April 18, 2023
Canada's Consumer Price Index in March increased 0.5% month-over-month, up 4.3% annually compared to 5.2% in February; monthly increase led by travel tours, up 36.7% and largely driven by higher seasonal demand during the March break: Statistics Canada
April 18, 2023
Number of UK payroll employees increased by 31,000 in March from February, reaching 30.0 million: ONS
April 17, 2023
Bain/EcoVadis: ESG activities correlate with stronger profitability for private companies; those with more female executives see better financial results, while renewable energy usage correlates with higher EBITDA margins in carbon-intensive sectors
April 17, 2023
Canadian home sales projected to fall 1.1% year-over-year in 2023 to 492,674 properties, then rise 13.9% to 561,090 units in 2024; average price expected to decline 4.8% in 2023 to C$670,389: CREA
April 17, 2023
US builder confidence in market for newly built single-family homes rose one point to 45 in April, the fourth straight monthly increase; limited resale inventory helped increase demand despite building material issues: NAHB
April 17, 2023
Unemployment rate for US teens in 2022 was 10.8%, the lowest since 1953; number of employed workers aged 16 to 19 was 5,480,000 in March, the highest March total since 2007: Challenger, Gray & Christmas
April 17, 2023
Canadian investors reduced their holdings of foreign securities by C$1.6B in February; non-residents increased their exposure to Canadian securities by C$4.6B, led by debt securities: Statistics Canada
April 14, 2023
Canadian home sales activity projected to decline 1.1% year-over-year to 492,674 units in 2023; national sales forecast at 561,090 units in 2024: CREA
April 14, 2023
Canadian home sales rose 1.4% in March from February, down 34.4% year-over-year; newly listed properties fell 5.8% month-over-month, national average home price decreased 13.7% year-over-year to C$686,371: CREA
April 14, 2023
Median US home sale price fell 2.3% year-over-year to US$364,366 in four-week period ended Apr. 9, asking price of new listings up 0.1% to US$391,200; new listings down 25.4%, total listings up 10.4%: Redfin
April 14, 2023
Conference Board Leading Economic Index for Euro area fell 0.6% in March to 107.1 following a 0.3% decrease in February; annual real GDP growth projected to slow to 0.4% in 2023
April 14, 2023
US industrial production increased 0.4% in March from April, little changed in Q1; capacity utilization rose 0.2 percentage points in March to 79.8%: Federal Reserve
April 13, 2023
GlobalData: Only 32% of companies have ESG strategy, raising concerns about their operations' long-term sustainability; CEOs too slow to improve approach to sustainability will see exodus of customers, drop in profits 'far sooner than they ever imagined'
April 13, 2023
Confidence in the US remodeling market in Q1 edged up one point quarter-over-quarter on NAHB's index to a reading of 70; some remodelers noted negative effects of material shortages, higher interest rates
April 13, 2023
Euro area seasonally adjusted industrial production increased by 1.5% in February from January; production increased by 2.0% year-over-year: Eurostat
April 13, 2023
US national gas price average rose nine cents to US$3.64 in week ended Apr. 13, and increased seventeen cents month-over-month; gas demand decreased to 8.94 million b/d from 9.3 million b/d last week: AAA
April 13, 2023
US 30-year fixed-rate mortgage averaged 6.27% as of Apr. 13, down from 6.28% a week ago; 30-year FRM averaged 5.00% a year ago: Freddie Mac
April 12, 2023
Nulogy secures C$20M in funding to accelerate growth, product innovation; company’s multi-enterprise supply chain platform enables firms to collaborate in near real time to monitor and manage orders, respond to rapidly changing conditions, cut costs
April 12, 2023
CoreLogic US Home Price Index increased 0.8% month-over-month in February and rose 4.4% year-over-year, the lowest annual gain since before the pandemic; annual gains are projected to slow to 3.7% by February 2024
April 12, 2023
Bank of Canada maintained its target for the overnight rate at 4.50%, with the Bank Rate at 4.75% and the deposit rate at 4.50%; the Bank is continuing its policy of quantitative tightening
April 12, 2023
US Consumer Price Index increased 0.1% in March on a seasonally adjusted basis after rising 0.4% in February, as increase in index for shelter was the largest contributor to monthly growth; all items index increased 5.0% year-over-year: BLS
April 12, 2023
Real average hourly earnings for all US employees increased 0.2% from February to March; earnings decreased 0.7%, seasonally adjusted, from March 2022 to March 2023: BLS
April 11, 2023
Taylor Morrison ranked the highest among homebuilders on the Wall Street Journal’s 2022 Management Top 250 list
April 11, 2023
Euro area seasonally adjusted volume of retail trade decreased by 0.8% in February from January, decreased by 3.0% year-over-year: Eurostat
April 11, 2023
Canada's retail sales totalled C$54.7B in January, up 5.5% year-over-year; largest contribution to increase came from higher sales of automotive and household fuels, motor vehicles and food and beverages: Statistics Canada
April 11, 2023
US natural gas spot price at Henry Hub averaged US$2.31/MMBtu in March, down from US$5.45/MMBtu in November 2022; Henry Hub price is expected to average about US$2.65/MMBtu in Q2 2023: EIA
April 11, 2023
US average on-highway diesel fuel price in week ended Apr. 10 decreased to US$4.098/gallon from US$4.105/gallon last week; average regular gasoline price increased to US$3.596/gallon from US$3.497/gallon: EIA
April 10, 2023
J.P.Morgan Global Composite PMI rose to 53.4 in March from 52.1 in February; upturn was heavily reliant on the service sector, as services business activity rose at the quickest pace since December 2021
April 10, 2023
S&P Global Eurozone Productivity PMI in March rose to 48.9 from 48.1 in February, the tenth consecutive monthly deterioration in workforce efficiency; employment growth supported higher volumes of business activity
April 10, 2023
Caixin China General Services PMI in March rose to 57.8 from February's 55.0, third straight monthly rise in business activity in the service sector; accelerated rise in services activity offset softer increase in manufacturing output
April 10, 2023
S&P Global US Services PMI in March rose to 52.6 from 50.6 in February; increase in business activity was led by stronger client demand, renewed rise in orders and new customers
April 10, 2023
S&P Global/CIPS UK Services PMI Business Activity Index in March registered 52.9, down from 53.5 in February; increase in new business intakes was led by rising business and consumer confidence
April 7, 2023
WoodMac: Australia's Safeguard Mechanism legislation could trigger spike in carbon capture projects, as gas producers must abate or offset reservoir CO2 emissions from first production; there are now 27 CCS projects in Australia proposed or in development
April 7, 2023
Boston Consulting: Only 6% companies are built for the future; attributes that contribute to future-built companies, regardless of sector, include fully-embedded AI, innovation-driven culture, corporate purpose that integrates sustainability/social impact
April 7, 2023
US national gas price average rose seven cents to US$3.55 in week ended Apr. 6, and increased fifteen cents month-over-month; gas demand increased to 9.3 million b/d from 9.15 million b/d last week: AAA
April 7, 2023
Total US nonfarm payroll employment increased by 236,000 in March, unemployment rate little changed at 3.5%; job growth was led by leisure and hospitality, government, professional and business services, and healthcare: BLS
April 7, 2023
Fannie Mae Home Purchase Sentiment Index increased 3.3 points to 61.3 in March; those saying it is a bad time to buy remained unchanged at 79%, share saying it is a good time to sell increased to 58% from 54%
April 7, 2023
Newly patented bone marrow biopsy device to bolster bone cancer treatment landscape in India, says GlobalData
April 6, 2023
Integrity Council’s newly launched Core Carbon Principles and Program-level Assessment Framework sets rigorous thresholds on disclosure and sustainable development for high-integrity carbon credits, establishes a pathway toward higher ambition
April 6, 2023
LGI Homes reported 529 home closings in March; company had 99 active selling communities as of Mar. 31
April 6, 2023
US job cuts increased 15% in March to 89,703 from 77,770 in February, up 319% year-over-year: Challenger, Gray & Christmas
April 6, 2023
US 30-year fixed-rate mortgage averaged 6.28% as of Apr. 6, down from 6.32% a week ago; 30-year FRM averaged 4.72% a year ago: Freddie Mac
April 6, 2023
US unemployment insurance claims in week ended Apr. 1 decreased by 18,000 to 228,000, four-week moving average fell by 4,250 to 237,750; total continued weeks claimed for benefits decreased by 1,183 to 1.91 million in week ended Mar. 18: Dept. of Labor
April 4, 2023
Paychex | IHS Markit Small Business Jobs Index increased to 99.73 in March; average hourly earnings increased slightly to 4.64%
April 4, 2023
US net international investment position was -US$16.12T in Q4, compared to -US$16.84T in Q3; assets totaled US$31.68T in Q4, liabilities were US$47.80T: Dept. of Commerce
April 4, 2023
US disposable personal income increased 0.5% in February, personal consumption expenditures grew 0.2%; changes reflected increase in compensation, mainly from wages and salaries: Dept. of Commerce
April 4, 2023
US real GDP increased at an annual rate of 2.6% in Q4, a decrease of 0.1% from prior estimate; revision primarily reflected downward revisions to exports and consumer spending: Dept. of Commerce
April 4, 2023
PulteGroup named among the 2023 Fortune 100 Best Companies to Work For by Great Place to Work and Fortune for the third consecutive year, ranked in 36th place, up from 43rd place in 2022
April 3, 2023
University of Michigan's Index of Consumer Sentiment posted a final March reading of 62.0, down from February's 67.0; decline in sentiment was sharpest for lower-income, less educated and younger consumers
April 3, 2023
US construction spending in February at seasonally adjusted annual rate of US$1.84T, down 0.1% from January, up 5.2% annually; private construction virtually flat from January at US$1.45T, residential construction down 0.6% to US$852.1B: Dept. of Commerce
April 3, 2023
J.P.Morgan Global Manufacturing PMI in March fell to 49.6 from 49.9 in February, below 50.0 for the seventh straight month; output growth decreased in both the consumer and investment goods sub-industries: S&P Global
April 3, 2023
S&P Global ASEAN Manufacturing PMI fell to 51.0 in March from 51.5 in February; firms noted slower rates of output and new order growth
April 3, 2023
Caixin China General Manufacturing PMI fell to 50.0 in March from 51.6 in February; downturn was led by a softer rise in manufacturing production
March 31, 2023
Top reasons UK job seekers are put off applying for new roles are bad reviews online, terrible annual leave, bad staff incentives and benefits, morally dubious sector, no hybrid working, no sustainability policy, outdated sector: survey
March 31, 2023
Report finds that older workers in the UK are more likely to experience deliberate exclusion in the workplace than their younger counterparts; 19% of workers over the age of 55 admit to being impacted, compared with only 10% of workers under the age of 25
March 31, 2023
UK current account deficit narrowed to £21.1B, or 3.3% of GDP in Q4; primary income account recorded a surplus of £9.8B, or 1.5% of GDP: ONS
March 31, 2023
Canadian real GDP rose 0.5% in January; goods-producing industries increased 0.4%, while services-producing industries gained 0.6%: Statistics Canada
March 31, 2023
Euro area unemployment was 6.6% in February, unchanged from January and down from 6.8% in February 2022; an estimated 11.142 million in the euro area were unemployed in February: Eurostat
March 30, 2023
New listings of US homes fell 20.1% year-over-year in March, with median list price up 6.3% to US$424,000; supply of active listings increased 59.9% year-over-year, while a typical home sold in 54 days, 18 days more than March 2022: Realtor.com
March 30, 2023
European Commission's Economic Sentiment Indicator in March fell 0.3 points from February to 99.3 in the euro area; consumers' views on their household's future financial situation remained virtually stable
March 30, 2023
US 30-year fixed-rate mortgage averaged 6.32% as of Mar. 30, down from 6.42% a week ago; 30-year FRM averaged 4.67% a year ago: Freddie Mac
March 30, 2023
US unemployment insurance claims in week ended Mar. 25 increased by 7,000 to 198,000, four-week moving average rose by 2,000 to 198,250; total continued weeks claimed for benefits decreased by 32,255 to 1.91 million in week ended Mar. 11: Dept. of Labor
March 30, 2023
Canada's payroll employment increased by 71,100, or 0.4% in January, with gains largest in Ontario, Alberta and Quebec; average weekly earnings increased 2.9% year-over-year to C$1,185: Statistics Canada
March 29, 2023
US home prices fell 0.5% month-over-month in January, up 3.8% year-over-year, with Miami, Tampa and Atlanta registering the highest annual gains; annual gain was lower than the 5.6% increase registered in December: S&P CoreLogic Case-Shiller Index
March 29, 2023
Pending US home sales increased for third straight month in February, up 0.8% from January to 83.2 on NAR's index, 21.1% lower year-over-year; all four regions registered annual declines in transactions
March 29, 2023
Conference Board Consumer Confidence Index increased to 104.2 in March from 103.4 in February; consumers’ assessment of current business, labor market conditions decreased to 151.1 from 153.0, Expectations Index rose to 73.0 from 70.4
March 29, 2023
US-based firms announced 167 CEO changes in February, up from 112 in January and up from 151 in February 2022; year-to-date, 279 CEOs have left their positions, virtually unchanged year-over-year: Challenger, Gray & Christmas
March 29, 2023
In 2022, 26% of US unemployed people who worked in the past 12 months applied for unemployment insurance benefits; 8% of unemployed people aged 16-24 applied, 31% of unemployed aged 25-54 applied, 35% of unemployed aged 55, older applied: Dept. of Labor
March 28, 2023
Tejon Ranch Co. considering options to reinstate project approvals after Los Angeles County was ordered to rescind the Centennial project's 2019 approvals; a small number of inadequacies were identified in the original environmental impact report
March 28, 2023
EU trade associations launch coalition with aim to present EU policymakers with an ambitious common vision leading to a transition toward a circular bioeconomy; coalition has made publicly available a paper detailing common challenges, needs, solutions
March 28, 2023
Share of US homebuyers looking to move to a different metro was 25.1% in February, a record high; San Francisco, New York and Los Angeles saw the highest outflows while Miami, Phoenix and Las Vegas saw highest inflows: Redfin
March 28, 2023
Canada's number of business openings in December decreased 0.1 percentage point to 4.4%, while closures were unchanged at 4.6%; number of active businesses fell 0.3%, or 2,374 in December: Statistics Canada
March 28, 2023
US average on-highway diesel fuel price in week ended Mar. 27 decreased to US$4.128/gallon from US$4.185/gallon last week; average regular gasoline price decreased to US$3.421/gallon from US$3.422/gallon: EIA
March 27, 2023
Potential US existing-home sales in February increased 2.6% month-over-month to 5.47 million seasonally adjusted annualized rate; market potential for existing-home sales decreased 11.4% year-over-year: First American
March 27, 2023
US remodeling market reached a record of US$567B in 2022; more than 1 in 5 improvement projects costing US$50,000 or more were paid for with home equity: JCHS
March 27, 2023
Median US rental price grew 3.1% year-over-year to US$1,716 in February; renters that earned the typical household income allocated 25.3% of income to lease typical for rent-home, up from 24.8% year ago: Realtor.com
March 27, 2023
US homeownership rate for single women fell to 24.5% in 2022, down from 28.6% in 2021; single women can afford less than 70% of the homes single men can afford in Cincinnati, Kansas City, Oklahoma City, Minneapolis, Jacksonville and New Orleans: Zillow
March 27, 2023
UK retail sales volumes in year to March rose 1% following an increase of 2% in February, sales expected to grow 9% in April; stock volumes are projected to ease slightly to 6% in April from 10% in March: CBI
March 24, 2023
New orders for US manufactured durable goods decreased 1.0% in February to US$268.4B; shipments fell 0.6% to US$274.8B, inventories increased 0.2% to US$493.6B: Dept. of Commerce
March 24, 2023
US unemployment rates in February were higher in 3 states and DC, lower in 9 states and stable in 38 states; national unemployment rate edged up to 3.6%: BLS
March 24, 2023
Canada's retail sales reached C$66.4B in January, up 1.4% month-over-month and 5.0% year-over-year; largest contribution to monthly increase came from higher sales at motor vehicle and parts dealers, up 3.0% from December: Statistics Canada
March 24, 2023
S&P Global Flash Eurozone PMI in March rose to a ten month high of 54.1 from 52.0 in February, the third consecutive monthly increase; growth was driven by the service sector, where financial services activity increased
March 24, 2023
S&P Global / CIPS Flash United Kingdom PMI fell to 52.2 in March from February's 53.1; new business received by service sector companies increased at sharpest pace for 12 months
March 23, 2023
US homebuyer affordability declined in February as the national median payment applied for increased 4.9% to US$2,061 from US$1,964 in January; decline in affordability due to higher mortgage rates and home prices: Mortgage Bankers Assn.
March 23, 2023
EU flash consumer confidence indicator for March fell 0.1 percentage points from February to -20.7, euro area flash consumer confidence down 0.1 percentage points to -19.2; confidence remains well below long-term average: European Commission
March 23, 2023
US national gas price average fell three cents to US$3.43 in week ended Mar. 23, but increased four cents month-over-month; gas demand increased to 8.96 million b/d from 8.59 million b/d last week: AAA
March 23, 2023
US 30-year fixed-rate mortgage averaged 6.42% as of Mar. 23, down from 6.60% a week ago; 30-year FRM averaged 4.42% a year ago: Freddie Mac
March 23, 2023
Sales of new US single‐family houses in February at seasonally adjusted annual rate of 640,000, up 1.1% from revised January rate, down 19.0% year-over-year; median sales price was US$438,200, inventory at end of February was 436,000: Dept. of Commerce
March 22, 2023
Typical US homebuyer's down payment in January was US$42,375, down 10.0% year-over-year; share of homes paid for with all cash was 32.1%, up from 29.7% in January 2022: Redfin
March 22, 2023
New home prices in Canada fell 0.2% month-over-month in February, with prices down or unchanged in 25 of 27 metro areas surveyed, up in 2; new home prices were up 1.4% year-over-year in February: Statistics Canada
March 22, 2023
UK Consumer Prices Index rose by 9.2% in the 12 months to February, up from 8.8% in January; largest upward contributions came from housing and household services, and food and non-alcoholic beverages: ONS
March 22, 2023
UK Producer Price Inflation rose by 12.1% in the year to February, down from 13.5% in year to January; input prices increased by 12.7%, down from 14.7% in year to January: ONS
March 22, 2023
US commercial crude oil inventories in week ended Mar. 17 increased by 1.1 million barrels from the previous week to 481.2 million barrels; inventories are about 8% above the five year average for this time of year: EIA
March 17, 2023
GlobalData: 2023 Russian economy's outlook looks dismal as impact of sanctions starts materializing in full, but rate of contraction in real GDP expected to slow to 2% in 2023 from 3% in 2022, as country is redirecting its trade away from western nations
March 17, 2023
Euro area hourly labor costs rose 5.7% year-over-year in Q4 2022; hourly wages and salaries up 5.1%, non-wage compensation up 7.7%: Eurostat
March 17, 2023
Euro area annual inflation rate was 8.5% in February, down from 8.6% in January; the rate was 5.9% a year earlier: Eurostat
March 17, 2023
US industrial production was unchanged in February from January, with manufacturing output up 0.1%; capacity utilization decreased 0.1 percentage point in February to 77.6%: Federal Reserve
March 17, 2023
University of Michigan's Index of Consumer Sentiment posts preliminary March level of 63.4, down from February's 67.0; persistently high prices weighed on sentiment
March 17, 2023
US national gas price average remained at US$3.46 in week ended Mar. 16, but increased four cents month-over-month; gas demand increased to 8.59 million b/d from 8.56 million b/d last week: AAA
March 16, 2023
Federal Reserve creates new Bank Term Funding Program that offers loans to help banks and other institutions meet needs of all their depositors; Dept. of Treasury to make available up to US$25B from Exchange Stabilization Fund as a backstop for BTFP
March 16, 2023
Space and Satellite Professionals International Making Leaders Podcast features Planet Labs co-founder Dr. Christopher R. Boshuizen; Planet revolutionized Earth observation industry, expanded access to satellite-based data far beyond traditional sectors
March 16, 2023
Privately‐owned US February housing starts at seasonally adjusted annual rate of 1,450,000 up 9.8% from revised January level, down 18.4% annually; building permits fell 17.9% annually to 1,524,000, completions up 12.8% to 1,557,000: Dept. of Commerce
March 16, 2023
Prices for US imports fell 0.1% in February after declining 0.4% the previous month, as lower fuel prices more than offset higher nonfuel prices; export prices increased 0.2% following a 0.5% increase in January: BLS
March 16, 2023
US unemployment insurance claims in week ended Mar. 11 decreased by 20,000 to 192,000, four-week moving average down 750 to 196,500; total continued weeks claimed for benefits increased by 79,630 to 2.00 million in week ended Feb. 25: Dept. of Labor
March 15, 2023
Saving threatened 'natural capital' could translate to nearly US$700B/year of opportunity for businesses through reduced operating costs, usually from reduced need for inputs such as energy, water, fertilizer, raw materials: McKinsey report
March 15, 2023
Realtor.com predicts week of April 16-22 is best time for sellers to list homes in 2023, as listings around this time typically sell 2.1% higher than the average week, 12.1% higher than start of the year; homes sell 13 days faster, with 9.3% fewer sellers
March 15, 2023
US builder confidence in market for newly built single-family homes rose two points to 44 in March, the third straight monthly increase; a lack of existing inventory is shifting demand to the new home market: NAHB
March 15, 2023
Euro area seasonally adjusted industrial production increased by 0.7% in January from December; production increased by 0.9% year-over-year: Eurostat
March 15, 2023
Advance estimates of US retail and food services sales for February were US$697.9B, down 0.4% from January but up 5.4% from February 2022; retail trade sales fell 0.1% from January but rose 4.0% year-over-year: Dept. of Commerce
March 3, 2023
Industrial producer prices fell by 2.8% in the euro area in January from December, increased by 15.0% year-over-year: Eurostat
March 3, 2023
US national gas price average increased one cent to US$3.37 in week ended Mar. 2 and fell twelve cents month-over-month; gas demand rose slightly to 9.11 million b/d from 8.91 million b/d last week: AAA
March 3, 2023
US construction spending in January at seasonally adjusted annual rate of US$1.83T, down 0.1% from December, up 5.7% annually; private construction flat from December at US$1.44T, residential construction down 0.6% at US$847.4B: Dept. of Commerce
March 3, 2023
Caixin China General Services PMI in February rose to 55.0 from January's 52.9, second straight monthly rise in business activity in the service sector; companies noted the easing of COVID-19 restrictions and reduced operational disruptions: S&P Global
March 3, 2023
S&P Global/CIPS UK Services PMI Business Activity Index in February at 53.5 from 48.7 in January; business activity and incoming new work expanded for first time since August 2022
February 24, 2023
Euromonitor expects world’s urban population to rise by 29% between 2022-2040 to reach 5.8 billion people by end of period; shift to sustainable mobility has become essential goal for urban development, which includes promotion of low-emission vehicles
February 24, 2023
Euro area annual inflation rate was 8.6% in January, down from 9.2% in December; the rate was 5.1% a year earlier: Eurostat
February 24, 2023
University of Michigan's Index of Consumer Sentiment posted final February reading of 67.0, up from January's 64.9; consumers with larger stock holdings exhibited large increases in sentiment
February 24, 2023
US national gas price average decreased three cents to US$3.39 in week ended Feb. 23 and fell three cents month-over-month; gas demand rose slightly to 8.91 million b/d from 8.27 million b/d last week: AAA
February 24, 2023
US 30-year fixed-rate mortgage averaged 6.50% as of Feb. 23, up from 6.32% a week ago; 30-year FRM averaged 3.89% a year ago: Freddie Mac
February 24, 2023
Sales of new US single‐family houses in January at seasonally adjusted annual rate of 670,000, up 7.2% from revised December rate, down 19.4% year-over-year; median sales price was US$427,500, inventory at end of January was 439,000: Dept. of Commerce
February 21, 2023
Building material prices was the top concern among US homebuilders in 2022, cited by 96% of respondents; high interest rates expected to be a top concern for 2023, cited by 93%, up from 66% in 2022: NAHB
February 21, 2023
EU flash consumer confidence indicator for February improved 1.5 percentage points from January to -20.6, euro area flash consumer confidence indicator up 1.7 percentage points to -19.0; confidence remains well below long-term average: European Commission
February 21, 2023
UK manufacturing output volumes fell 16% in three months to February, fastest pace since September 2020; output is expected to rise moderately in the quarter to May: CBI
February 21, 2023
Canada's Industrial Product Price Index rose 0.4% in January from December, and up 5.4% year-over-year; Raw Materials Price Index decreased 0.1% on a monthly basis in January, but up 1.2% year-over-year: Statistics Canada
February 21, 2023
Canada had 1.33 million employer businesses in December and 3.02 million non-employer businesses with annual revenues greater than C$30,000: Statistics Canada
February 3, 2023
More than 80% of US investors say firms must be more open about risks, opportunities that shape their standing as 'responsible investments,' and 73% also say they are more likely to invest in a firm that shares its plans for managing those factors: survey
February 3, 2023
Paychex | IHS Markit Small Business Jobs Index rose by 0.18 percent to 99.56 in January; average hourly earnings growth continued decline to 4.66%
February 3, 2023
New listings of US homes down 5.4% year-over-year in January, with median list price up 8.1% to US$400,000; housing inventory increased 65.5%, while a typical home sold in 75 days, 13 days more than January 2022: Realtor.com
February 3, 2023
US homebuyers with a US$2,500 monthly housing budget can afford a US$400,000 home as mortgage rate dips below 6%; buyers with this budget can afford to spend about US$35,000 more on a home than in November: Redfin
February 3, 2023
Industrial producer prices rose by 1.1% in the euro area in December from November, increased by 24.6% year-over-year: Eurostat
February 2, 2023
S&P Global Eurozone Manufacturing PMI in January rose to 48.8 from 47.8 in December; production volumes and new factory orders fell further
February 2, 2023
Caixin China General Manufacturing PMI rose to 49.2 in January from 49.0 in December, signalling deterioration for the sixth straight month; monthly improvement partially due to softer decline in production volumes
February 2, 2023
New orders for US manufactured durable goods increased 5.6% in December to US$286.6B, unchanged from previously published increase; shipments up 0.4% to US$277.4B, inventories up 0.7% to US$493.6B: Dept. of Commerce
February 2, 2023
US 30-year fixed-rate mortgage averaged 6.09% as of Feb. 2, down from 6.13% a week ago; 30-year FRM averaged 3.55% a year ago: Freddie Mac
February 2, 2023
US nonfarm business sector labor productivity increased 3.0% in Q4, as output increased 3.5% and hours worked increased 0.5%; unit labor costs in the nonfarm business sector increased 1.1% in Q4: BLS
February 1, 2023
S&P Global Canada Manufacturing PMI rose to 51.0 in January from 49.2 in December; companies reported improving market demand as both output and new orders increased
February 1, 2023
S&P Global US Manufacturing PMI at 46.9 in January, up from 46.2 in December; downturn driven by sharp contraction in new orders, declining output and ongoing efforts to reduce inventories
February 1, 2023
J.P.Morgan Global Manufacturing PMI in January rose to 49.1 from 48.7 in December; rates of contraction in output, new orders both slowed as employment increased slightly: S&P Global
February 1, 2023
US home prices fell 0.6% month-over-month in November, up 7.7% year-over-year, with Miami, Tampa and Atlanta registering the highest annual gains; annual gain was lower than the 9.2% increase in October: S&P CoreLogic Case-Shiller Index
February 1, 2023
Euro area unemployment was 6.6% in December, unchanged from November and down from 7.0% in December 2021; an estimated 11.048 million in the euro area were unemployed in December: Eurostat
January 31, 2023
Bain Global M&A report sees opportunity in 2023 for well-prepared acquirers to make bold moves, based on past economic down cycles; themes to watch include prevalence of small/midsize deals, companies retooling portfolios through divestitures, separations
January 31, 2023
Anew Climate joins World Business Council for Sustainable Development and is participating in its SOS 1.5 flagship climate project to help companies achieve net-zero carbon emissions
January 31, 2023
Conference Board Consumer Confidence Index decreased to 107.1 in January from 109.0 in December; consumers’ assessment of current business, labor market conditions increased to 150.9 from 147.4, Expectations Index declined to 77.8 from 83.4
January 31, 2023
Euro area GDP increased by 0.1% in Q4 from the previous quarter, following a 0.3% increase in Q3; euro area GDP grew by 1.9% year-over-year in Q4: Eurostat
January 31, 2023
US homeownership rate in Q4 2022 was 65.9%, not statistically different from Q4 2021, 65.5%; national vacancy rates were 5.8% for rental housing and 0.8% for homeowner housing: Dept. of Commerce
January 30, 2023
GlobalData: As green banking is a key enabler of planet-saving decarbonization journey, financial institutions are betting big to focus on green bonds, greater investments in projects to transition from traditional energy sources toward renewable energy
January 30, 2023
Taylor Morrison named America's Most Trusted Home Builder by Lifestory Research for eighth consecutive year
January 30, 2023
LGI Homes announced further expansion into the Richburg, South Carolina market with opening of new community, Knights Bridge; community offers one, two-story homes with up to four bedrooms ranging from 1,316 sq. ft. to 2,201 sq. ft.
January 30, 2023
European Commission's Economic Sentiment Indicator in January rose 2.8 points from December to 99.9 in the euro area; increase in industry confidence up for second straight month, driven by improvement in managers' production expectations
January 30, 2023
US national gas price average increased eight cents to US$3.50 in week ended Jan. 30 and up 33 cents month-over-month; gas demand rose to 8.14 million b/d from 8.05 million b/d last week: AAA
January 27, 2023
US disposable personal income increased 0.3% in December, personal consumption expenditures fell 0.2%; changes reflected increases in compensation and proprietors' income: Dept. of Commerce
January 27, 2023
Pending US home sales increased for first time since May 2022, up 2.5% from November to 76.9 on NAR's index, 33.8% lower year-over-year; Northeast and Midwest regions registered monthly decreases, while the South and West regions posted monthly increases
January 27, 2023
US pending home sales fell 26.2% year-over-year in the four-week period ended Jan. 22, the smallest decrease in more than three months; new listings of homes for sale fell 18.3% from a year ago, active listings rose 23.6%: Redfin
January 27, 2023
Euro area household real consumption per capita increased by 0.5% in Q3 after increasing 0.5% in the previous quarter; household real income per capita increased in Q3 by 0.4%, after a decrease of 0.7% in Q2: Eurostat
January 27, 2023
University of Michigan's Index of Consumer Sentiment posted final January reading of 64.9, up from December's 59.7; improving assessments of personal finances, buying conditions for durables as price pressures eased
January 26, 2023
US real GDP increased at an annual rate of 2.9% in Q4; upturn reflected rise in private inventory investment, consumer spending, federal government spending, state and local government spending, nonresidential fixed investment: Dept. of Commerce
January 26, 2023
Median US rental price grew 11.6% year-over-year to US$1,712 in December; rents expected to continue to increase, driven by low vacancy rates, lagging new construction and demand from first-time buyers: Realtor.com
January 26, 2023
US 30-year fixed-rate mortgage averaged 6.13% as of Jan. 26, down from 6.15% a week ago; 30-year FRM averaged 3.55% a year ago: Freddie Mac
January 26, 2023
Sales of new US single‐family houses in December at seasonally adjusted annual rate of 616,000, up 2.3% from revised November rate, down 26.6% year-over-year; median sales price was US$442,100, inventory at end of December was 461,000: Dept. of Commerce
January 26, 2023
New orders for US manufactured durable goods in December increased by US$15.3B to US$286.9B; shipments increased by US$1.4B, up 0.5% to US$277.7B, inventories rose 0.7%, or US$3.5B to US$493.6B: Dept. of Commerce
January 25, 2023
Euromonitor: Top consumer trends and behavior changes amid cost-of-living crisis include choosing a discounter as a first-stop shop, prioritizing value over brand loyalty, embracing substitutes and affordable alternatives for products and services
January 25, 2023
S&P Global Flash Eurozone PMI in January rose to 50.2 from 49.3 in December; growth driven by technology, healthcare and pharmaceutical sectors
January 25, 2023
Bank of Canada increased its target for the overnight rate to 4.50%, with the Bank Rate at 4.75% and the deposit rate at 4.50%; the Bank is continuing its policy of quantitative tightening
January 25, 2023
US had net employment loss of 287,000 jobs in Q2; gross job losses from closing, contracting private-sector establishments up 1.6 million to 8.5 million, gross job gains from opening, expanding private-sector firms down 185,000 jobs to 8.3 million: BLS
January 25, 2023
UK public sector net borrowing estimated at £27.4B in December, up £16.7B from December 2021; public sector net debt was £2.50T at the end of December, or 99.5% of GDP: ONS
January 24, 2023
S&P Global / CIPS Flash United Kingdom PMI fell to 47.8 in January from December's 49.0; business activity increased despite declining output volumes and weak demand
January 24, 2023
S&P Global Flash US Composite PMI registered 46.6 in January, up from 45.0 in December; companies highlighted subdued customer demand and the impact of high inflation on client spending
January 24, 2023
US unemployment rates in December were higher in 7 states, lower in five states and stable in 38 states and DC; national unemployment rate edged down to 3.5%: BLS
January 24, 2023
US average on-highway diesel fuel price in week ended Jan. 23 increased to US$4.604/gallon from US$4.524/gallon last week; average regular gasoline price increased to US$3.415/gallon from US$3.310/gallon: EIA
January 23, 2023
Annual gains in US home improvement and maintenance spending projected to decline from 16.3% at the close of 2022 to 2.6% by year-end 2023; remodeling market size is projected at US$485B in 2023: JCHS
January 23, 2023
Share of US homebuyers looking to move to a different metro was 24.6% in the three months ending December; San Francisco, Los Angeles and New York saw the most homebuyers looking to leave while Sacramento, Las Vegas and Miami saw highest inflows: Redfin
January 23, 2023
US Conference Board Leading Economic Index fell 1.0% in December to 110.5 compared to a 1.1% decline in November; negative overall economic activity expected in the coming quarters before picking up in Q4 2023
January 23, 2023
Euro area government deficit-to-GDP ratio increased to 3.3% in Q3 from 2.0% in Q2; increase due to sizeable increases in total expenditure: Eurostat
January 23, 2023
Euro area government debt declined to 93.0% of GDP in Q3 from 94.2% in Q2, as increase in GDP outweighed increase in government debt; highest ratios of government debt to GDP were recorded in Greece, Italy, Portugal, Spain, France and Belgium: Eurostat
January 20, 2023
Median US home sale price up 0.9% year-over-year to US$350,250 in four-week period ended Jan. 15, asking price of new listings up 3.9% to US$357,200; new listings down 20.0%, total listings up 21.8% which is the biggest annual increase since 2015: Redfin
January 20, 2023
US job openings rates decreased in 8 states and increased in 7 states on the last business day of November; hires rates increased in four states and decreased in three states, separations rates increased in six states and decreased in two states: BLS
January 20, 2023
Number of Canadians receiving regular Employment Insurance benefits decreased by 23,000 in November to 396,000; Quebec and Ontario registered the largest decreases, down 9.5% and 6.7%, respectively: Statistics Canada
January 20, 2023
Canada's retail sales at C$61.8B in November, up 5.2% annually, down 0.1% from October; monthly decrease led by lower sales at food and beverage stores and building material and garden equipment and supplies dealers: Statistics Canada
January 19, 2023
Confidence in the US remodeling market fell 17 points year-over-year on NAHB's index to a reading of 66 in Q4; remodeling activity projected to experience slowing nominal growth rate, but expected to outperform new residential construction: NAHB
January 19, 2023
US-based firms announced 100 CEO changes in December, up from 95 in November and down from 106 in December 2021; 1,235 CEOs left their positions in 2022, down 8.0% year-over-year: Challenger, Gray & Christmas
January 19, 2023
US 30-year fixed-rate mortgage averaged 6.15% as of Jan. 19, down from 6.33% a week ago; 30-year FRM averaged 3.56% a year ago: Freddie Mac
January 19, 2023
Privately‐owned US November housing starts at seasonally adjusted annual rate of 1,382,000 down 1.4% from revised November level, down 21.8% annually; building permits fell 29.9% annually to 1,330,000, completions up 6.4% to 1,411,000: Dept. of Commerce
January 19, 2023
Median weekly earnings of the 118.8 million US full-time wage and salary workers were US$1,085 in Q4, up 7.4% from a year earlier; women had median weekly earnings of US$975, or 82.9% of the US$1,176 median for men: BLS
January 18, 2023
Boston Consulting sees world trade growing 2.3%/year through 2031, less than 2.5% forecast for global economic growth, lagging GDP for first time in 25 years; Southeast Asia could see US$1T in new trade through 2031 from new commerce with China, US, EU
January 18, 2023
US home sales in December decreased 1.4% month-over-month, median home price down 2.3% to US$385,000; for-sale home inventory fell 12.2% from November, up 69.0% year-over-year: Re/Max
January 18, 2023
US builder confidence in market for newly built single-family homes rose four points to 35 in January; increase due to a modest drop in interest rates: NAHB
January 18, 2023
Euro area annual inflation rate was 9.2% in December, down from 10.1% in November; the rate was 5.0% a year earlier: Eurostat
January 18, 2023
US industrial production declined 0.7% in December from November, with manufacturing down 1.3%; capacity utilization moved down 0.6 percentage point in December to 78.8%: Federal Reserve
January 17, 2023
CEOs from real estate and other industries pledge to reduce emissions by 50% by 2030, and be fully net-zero carbon by 2050; buildings contribute 38% of all energy-related greenhouse gas emissions: World Economic Forum
January 17, 2023
Conference Board Leading Economic Index for Euro area fell 0.6% in December to 108.5 following a 0.6% decrease in November; GDP growth projected to slow to 0.3% year-over-year in 2023
January 17, 2023
Canadian investors acquired C$14.1B of foreign securities in November, led by investment in US shares; non-residents increased exposure to Canadian securities by C$12.8B, mainly federal government debt and equity securities: Statistics Canada
January 17, 2023
Canada's Consumer Price Index in December fell 0.6%, up 6.3% annually following a 6.8% annual gain in November; slower price growth was offset by higher mortgage interest cost, clothing and footwear and personal care supplies, equipment: Statistics Canada
January 16, 2023
Euromonitor's top global consumer trends in 2023 include spending responsibly but emotionally, behaviors that are less about acquisition and more about reduction, more in-person activities, female equality demands, gaming as mass-market opportunity
November 18, 2022
Bain forecasts Southeast Asian economy to grow 4%-5% annually over next 10 years, with Vietnam leading the charge at projected growth of 5%-7%; SE Asia's largest trading relationships are with China, and region benefits most from a growing Chinese economy
November 18, 2022
Median US rental price grew 4.7% year-over-year to US$1,734 in October; landlords are planning increases in next 12 months as tenants continue to struggle with affordability: Realtor.com
November 18, 2022
US existing-home sales fell 5.9% in October from September to seasonally adjusted annual rate of 4.43 million; inventory of unsold homes fell for third straight month to 1,220,000, equal to 3.3 months of the monthly sales pace: NAR
November 18, 2022
US Conference Board Leading Economic Index fell 0.8% in October to 114.9 compared to a 0.5% decline in September; GDP expected to grow 1.8% year-over-year in 2022, a recession is likely to start at end of 2022 and last through mid-2023
November 18, 2022
US unemployment rates in October were lower in 1 state, higher in 24 states and stable in 25 states and DC, jobless rate fell in 39 states and DC; nonfarm payroll employment up in 7 states, essentially unchanged in 43 states and DC: BLS
November 17, 2022
US 30-year fixed-rate mortgage averaged 6.61% as of Nov. 17, down from 7.08% last week; 30-year FRM averaged 3.10% a year ago: Freddie Mac
November 17, 2022
US home sales in October decreased 13.5% month-over-month, median home price down 0.3% to US$399,000; for-sale home inventory rose 2.9% from September, up 36.8% year-over-year: Re/Max
November 17, 2022
US builder confidence for new multifamily housing market fell ten points in Q3 to 32; scarcity and high cost of land and materials making affordable housing projects difficult to go forward with: NAHB
November 17, 2022
Euro area annual inflation rate was 10.6% in October, up from 9.9% in September and 4.1% year ago; highest contribution to the annual euro area inflation rate in October came from energy, up 4.44 percentage points: Eurostat
November 17, 2022
Privately‐owned US October housing starts at seasonally adjusted annual rate of 1,425,000, down 4.2% from revised September level, down 8.8% annually; building permits fell 10.1% annually to 1,526,000, completions up 6.6% to 1,339,000: Dept. of Commerce
November 16, 2022
US median monthly asking rent in October increased 7.8% annually to US$1,983, down 0.9% month-over-month; Oklahoma City saw largest increase, up 31.7% annually while Milwaukee registered largest decline, down 17.6%: Redfin
November 16, 2022
US builder confidence in market for newly built single-family homes fell five points to 33 in November, the eleventh straight monthly decline; decrease due to elevated interest rates, high building material costs, declining affordability conditions: NAHB
November 16, 2022
US industrial production decreased 0.1% in October, manufacturing output edged up 0.1%; capacity utilization for the industrial sector declined to 79.9% in October from 80.1% in September: Federal Reserve
November 16, 2022
Advance estimates of US retail and food services sales for October were US$694.5B, up 1.3% from September and up 8.3% from October 2021; retail trade sales increased 1.2% from September and 7.5% year-over-year: Dept. of Commerce
November 16, 2022
Prices for US imports fell 0.2% in October after decreasing 1.1% the previous month, driven by lower fuel and nonfuel prices; export prices decreased 0.3% following a 1.5% decline in September: BLS
November 15, 2022
Canadian home sales rose 1.3% in October from September, down 36.0% year-over-year; newly listed properties increased 2.2% month-over-month in October, national average home price decreased by 9.9% year-over-year to C$644,643: CREA
November 15, 2022
US homebuyers must earn US$107,281 annually to afford the US$2,682 monthly mortgage payment on typical home, up 45.6% from US$73,668 year ago; incomes needed for buyers looking to purchase a home in San Francisco and San Jose are the highest: Redfin
November 15, 2022
Euro area international trade in goods recorded a deficit of €34.4B in September compared with a surplus of €6.7B in September 2021; exports of goods up 23.6% year-over-year to €259.6B, imports rose 44.5% to €294.0B: Eurostat
November 15, 2022
Euro area seasonally adjusted GDP increased by 0.2% in Q3 from Q2, up by 2.1% year-over-year: Eurostat
November 15, 2022
US Producer Price Index for final demand increased 0.2% in October, seasonally adjusted driven by a 0.6% increase in prices for final demand goods; final demand index increased 8.0% year-over-year: BLS
November 11, 2022
Median US home sale price increased 3.2% year-over-year to US$359,250 in four-week period ended Nov. 6, asking price of new listings up 7.0% to US$372,475; new listings decreased 17.0%, total listings up 10.0% year-over-year: Redfin
November 11, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary November level of 54.7, down from October's 59.9; buying conditions for durables fell 21% due to high interest rates and continued high prices
November 11, 2022
Business investment in the UK fell by 0.5% in Q3, now 8.4% lower than pre-pandemic level in Q4 2019; transport equipment was the only negative contributor to whole economy investment growth: ONS
November 11, 2022
UK Index of Services edged down 0.8% between August and September, largest negative contribution from information and communication; monthly services output now 0.6% below pre-pandemic level: ONS
November 11, 2022
UK production output rose by 0.2% between August and September, driven by strength in three of the four production sectors, mining and quarrying, water supply and sewerage and electricity and gas; production output now 0.3% above pre-pandemic level: ONS
November 10, 2022
GlobalData forecasts China's economic growth to slow to 3.1% in 2022 from 8.1% in 2021, says zero-COVID policy will continue to affect supply chain, business activities; more lockdowns in winter to result in disappointing economic growth if policy remains
November 10, 2022
US outdoor recreation economy in 2021 accounted for 1.9%, or US$454.0B, of current-dollar GDP; at the state level, outdoor recreation value added as a share of state GDP ranged from 4.8% in Hawaii to 1.3% in New York and Connecticut: Dept. of Commerce
November 10, 2022
Median sales price of US single-family existing homes up 8.6% to US$398,500 in Q3 from year ago, with double-digit price appreciation in 46.0% of measured metros; typical monthly mortgage payment rose to US$1,840, or 25.0% of the median family income: NAR
November 10, 2022
Just 42.2% of new, existing US homes sold in Q3 were affordable to families earning US median income of US$90,000, down from 42.8% in Q2; decline due to rising mortgage rates, ongoing supply chain disruptions, high inflation, elevated home prices: NAHB
November 10, 2022
US 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, up from 6.95% last week; 30-year FRM averaged 2.98% a year ago: Freddie Mac
November 9, 2022
US wholesale sales in September increased 0.4% to US$699.9B from revised August level, up 14.4% from revised September 2021 level; inventories rose 0.6% in September to US$918.5B, up 24.1% year-over-year: Dept. of Commerce
November 9, 2022
US commercial crude oil inventories in week ended Nov. 4 increased by 3.9 million barrels from the previous week to 440.8 million barrels; inventories are about 3% below the five year average for this time of year: EIA
November 9, 2022
US private industry employers reported 2.6 million nonfatal workplace injuries and illnesses in 2021, down 1.8% from 2020; nonfatal injuries, illnesses that caused a private industry worker to miss at least one day of work totaled 1,062,700 in 2021: BLS
November 9, 2022
D.R. Horton's fiscal Q4 net income increased 22% year-over-year to US$1.6B, consolidated revenues up 19% to US$9.6B; net sales orders down 15% to 13,582 homes and 10% in value to US$5.4B, while homes closed increased 6% to 23,212 homes
November 8, 2022
Honeywell launches Honeywell Forge Sustainability+ For Industrials | Emissions Management And Honeywell Versatilis Signal Scout Wireless Industrial IoT Leak Detection Sensors; the solution enables organizations to better identify, manage carbon emissions
November 8, 2022
US natural gas spot price at Henry Hub averaged US$5.66/MMBtu in October, down from US$8.80/MMBtu in August; Henry Hub price expected to average US$5.50/MMBtu in November and more than US$6.00/MMBtu in December and Q1 2023: EIA
November 8, 2022
Share of single-family homes for sale that were new construction in Q3 was 29%, up from 25% year-ago; increase due to a surge in construction during the pandemic and a recent slowdown in existing homes for sale amid a market slowdown: Redfin
November 8, 2022
Euro area seasonally adjusted volume of retail trade increased by 0.4% in September from August, decreased by 0.6% year-over-year: Eurostat
November 8, 2022
US average on-highway diesel fuel price in week ended Nov. 7 increased to US$5.333/gallon from US$5.317/gallon last week; average regular gasoline price increased to US$3.796/gallon from US$3.742/gallon: EIA
November 7, 2022
GlobalData expects Germany's economy to grow 1.5% in 2022 and contract 0.3% in 2023; mounting energy prices and citizens' diminishing purchasing power due to inflation will slow down industrial production, push German economy into a recession next year
November 4, 2022
Businesses’ decarbonization commitments up 77% in 2022 but one-third of companies failed to meet decarbonization commitments due in 2021, according to latest CDP disclosure; Bain highlights five actions firms can take to turn green pledges into action
November 4, 2022
Caixin China General Services PMI in October fell to 48.4 from September's 49.3 as efforts to stop spread of COVID-19 disrupted business operations, weighed on demand; services employment rose for first time in 2022 due to slight optimism towards outlook
November 4, 2022
S&P Global/CIPS UK Services PMI Business Activity Index fell to 48.8 in October from 50.0 in September, the lowest reading since January 2021; lower volumes of service sector output linked to cautious spending patters of businesses, consumers
November 4, 2022
S&P Global US Services PMI in October fell to 47.8 from 49.3 in September; decrease linked to lower new orders as client demand impacted by inflation and interest rates
November 4, 2022
S&P Global Eurozone Composite PMI in October fell to 47.3 from 48.1 in September, its lowest level since November 2020; downturn reflected stronger contractions across manufacturing and service sectors
November 3, 2022
Supply of US homes for sale up 33.5% year-over-year in October to reach the highest level in 24 months, with median list price up 13.3% at US$425,000; overall new listings declined 15.9% year-over-year: Realtor.com
November 3, 2022
US trade deficit in September totaled US$73.3B, up US$7.6B from August's revised US$65.7B; September exports down US$2.8B to US$258.0B, imports up US$4.8B to US$331.3B: Dept. of Commerce
November 3, 2022
Euro area unemployment at 6.6% in September, down from 6.7% in August and down from 7.3% in September 2021; an estimated 10.988 million in the euro area were unemployed in September: Eurostat
November 3, 2022
US job cuts increased 13% in October to 33,843 from 29,989 in September, 48% higher year-over-year; companies announced plans to hire 237,380 workers to their payrolls: Challenger, Gray & Christmas
November 3, 2022
US 30-year fixed-rate mortgage averaged 6.95% as of Nov. 3, down from 7.08% last week; 30-year FRM averaged 3.09% a year ago: Freddie Mac
November 2, 2022
US home prices declined by 0.5% in September compared to August, up 11.4% year-over-year; out-migration from more expensive states likely fueling homebuyer demand in relatively more affordable Southeastern states: CoreLogic
November 2, 2022
S&P Global ASEAN Manufacturing PMI fell to 51.6 in October from 53.5 in September; Singapore registered the strongest performance for eleventh straight month
November 2, 2022
S&P Global Eurozone Manufacturing PMI in October fell to 46.4 from 48.4 in September, lowest reading since May 2020 as output, new orders fell at rates rarely exceeded in 25 years; export demand down sharply due to high inflation, geopolitical uncertainty
November 2, 2022
J.P.Morgan Global Manufacturing PMI in October fell to a 28-month low of 49.4 from 49.8 in September; decline driven by weaker intakes of new business, deteriorating international trade flows and lower business confidence: S&P Global
November 2, 2022
LGI Homes reports Q3 net income fell 10.1% year-over-year to US$90.4M on home sales revenues down 27.2% to US$547.1M, closings fell 38.1% to 1,547 homes; 1.6% improvement in gross margin to 28.5% and a 1.3% improvement in adjusted gross margin to 29.5%
November 1, 2022
Caixin China General Manufacturing PMI rose to 49.2 in October from 48.1 in September, the third successive deterioration; further declines in output, new orders with COVID-19 the principal factor behind lower client demand, disrupted factory operations
November 1, 2022
S&P Global/CIPS UK Manufacturing PMI in October fell to 29-month low of 46.2 from 48.4 in September; output down for fourth straight month as decline in new work received, weak export demand and supply-chain disruptions led to lower production, employment
November 1, 2022
S&P Global Canada Manufacturing PMI fell to 48.8 in October from 49.8 in September as new orders fell at one of the quickest rates in survey history; firms continued to indicate further shortage of skilled staff
November 1, 2022
S&P Global US Manufacturing PMI registered 50.4 in October, down from 52.0 in September; output increased for the second straight month due to easing supplier bottlenecks, allowing firm to work through backlogs
November 1, 2022
US construction spending in September at seasonally adjusted annual rate of US$1.81T, up 0.2% from August and up 10.9% year-over-year; private construction up 0.4% from August to US$1.45T, residential construction unchanged at US$918.0B: Dept. of Commerce
October 31, 2022
Consumer firms are underprioritizing the integration of policymakers, consumers into sustainability efforts; out of 400 senior executives, only 6% say it’s critical to work with policymakers, only 32% have collaboration with consumers, community: report
October 31, 2022
Out of 760 global CEOs, 66% of Asia-Pacific CEOs plan to increase capital investment to protect future growth, despite inflation concerns, and 50% will use M&A to expand capabilities, access new talent and transform their business: EY survey
October 31, 2022
US national gas price average decreased three cents to US$3.76 in week ended Oct. 31 and decreased three cents month-over-month; gas demand increased slightly to 8.93 million b/d from 8.68 million last week: AAA
October 31, 2022
Share of US homebuyers looking to move to a different metro at 24.2% in Q3, up from 23.3% in Q2; San Francisco, Los Angeles, New York saw the most homebuyers looking to leave while Sacramento, Miami, Las Vegas, San Diego, Tampa saw highest inflows: Redfin
October 31, 2022
UK activity across private sector in three months to October fell for third straight rolling quarter, down 15%; decline in economic activity largely driven by services: CBI
October 28, 2022
Bain: Successful purpose-led brands do three things well, and incumbent businesses should take heed; they recognize value proposition at mass-market price points, build sustainable supply chains, maintain sense of purpose to team members and consumers
October 28, 2022
University of Michigan's Index of Consumer Sentiment posts final October reading of 59.9, up from September's 58.6; buying conditions for durables surged 23% month-over-month as prices and supply constraints eased
October 28, 2022
Pending US home sales decreased in September, down 10.2% from August to 79.5 on NAR's index, 31.0% lower year-over-year; all four major regions registered monthly decreases driven by persistent inflation
October 28, 2022
Canada's real GDP edged up 0.1% in August, as growth in services-producing industries was partially offset by a decline in goods-producing industries: Statistics Canada
October 28, 2022
Compensation costs for US civilian workers increased 1.2%, seasonally adjusted, in Q3; wages and salaries increased 1.3%, benefit costs increased 1.0% from June 2022: BLS
October 28, 2022
US pending home sales fell 35% year-over-year in the four-week period ended Oct. 23; new listings of homes for sale decreased 21% annually, active listings rose 4%: Redfin
October 27, 2022
GlobalData forecasts UK economy to contract by 0.2% in 2023 on increased inflation, and real household consumption expenditure to contract 0.3%; inflation rate expected to remain elevated at 9.1% in 2022 after reaching 40-year high of 10.1% in September
October 27, 2022
US 30-year fixed-rate mortgage averaged 7.08% as of Oct. 27, up from 6.94% last week; 30-year FRM averaged 3.14% a year ago: Freddie Mac
October 27, 2022
New orders for US manufactured durable goods in September increased by US$1.0B to US$274.7B; shipments increased by US$0.7B, up 0.3% to US$274.2B, inventories rose 0.2%, or US$1.2B to US$488.7B: Dept. of Commerce
October 27, 2022
US real GDP increased at an annual rate of 2.6% in Q3 after a 0.6% decline in Q2; upturn reflected smaller decrease in private inventory investment, acceleration in nonresidential fixed investment and higher government spending: Dept. of Commerce
October 27, 2022
Meritage Homes' Q3 net earnings up 31% annually to US$262.5M on home closing revenues up 25% to US$1.57B, home closing gross margin at 28.7% while orders fell 33% to 2,310; there were 275 active communities at September 30
October 26, 2022
More than 330 businesses call on heads of state to make nature assessment and disclosure mandatory at COP15, the UN Biodiversity Conference; CDP data reveal firms are falling short of the disclosure needed to limit economic, climate, biodiversity risks
October 26, 2022
Bank of Canada increased its target for the overnight rate to 3.75%, with the Bank Rate at 4.0% and the deposit rate at 3.75%; the Bank is continuing its policy of quantitative tightening
October 26, 2022
US commercial crude oil inventories in week ended Oct. 21 increased by 2.6 million barrels from the previous week to 439.9 million barrels; inventories are about 2% below the five year average for this time of year: EIA
October 26, 2022
US sales of new single-family homes in September at seasonally adjusted annual rate of 603,000, down 10.9% from August and down 17.6% year-over-year; median sales price was US$470,600, for-sale inventory at end of September was 462,000: Dept. of Commerce
October 26, 2022
Gross US job gains from opening, expanding private-sector firms fell by 1.1 million jobs to 8.4 million in Q1; gross losses from closing, contracting private-sector firms up by 205,000 to 6.9 million, yielding net employment gain of 1.5 million jobs: BLS
October 25, 2022
Scammers are most likely to impersonate DHL; DHL related to 22% of all phishing attacks globally in Q3, followed by Microsoft, LinkedIn, Google, Netflix, WeTransfer, Walmart, WhatsApp, HSBC and Instagram: Check Point Research report
October 25, 2022
PulteGroup's Q3 net income rises to US$628M from US$476M a year ago on home sale revenues up 16% to US$3.8B, net new orders down 28% to 4,924 homes; demand slowed due to higher interest rates
October 25, 2022
Conference Board Consumer Confidence Index decreased to 102.5 in October from 107.8 in September; consumers’ assessment of current business, labor market conditions fell sharply to 138.9 from 150.2, Expectations Index declined to 78.1 from 79.5
October 25, 2022
NVR reports Q3 net income up 24% year-over-year to US$411.4M, consolidated revenues increased 16% to US$2.78B on orders down 15% to 4,421 units; year-to-date net income up 41% year-over-year from US$902.1M, consolidated revenues gained 16% to US$7.81B
October 25, 2022
US home prices fell 0.3% month-over-month in August, up 13.0% year-over-year, with Miami, Tampa and Charlotte registering the highest annual gains; annual gain lower than the 15.6% increase in July: S&P CoreLogic Case-Shiller Index
October 24, 2022
Second annual CO2 AI by BCG Carbon Emissions survey reveals progress is too slow for companies fully measuring their Scope 1, 2, and 3 emissions; only 10% of companies measured GHG emissions comprehensively in 2022 vs. 9% in 2021
October 24, 2022
KB Home receives the WaterSense Sustained Excellence Award for 12th consecutive year, in recognition of its commitment to building exceptionally water-efficient homes; homes are estimated to conserve approximately 1.7 billion gallons annually
October 24, 2022
Pulte Homes announced first active adult community in the Denver market, Hilltop at Inspiration comprised of 106 homes ranging in size from 1,830 sq. ft. to 2,696 sq. ft.; community for adults 55 and older is scheduled to open in Spring 2023
October 24, 2022
S&P Global Flash Eurozone PMI in October decreased to 47.1 from 48.1 in September, with Germany recording the steepest decline; downturn driven by manufacturing sector as factory output fell for fifth consecutive month
October 24, 2022
S&P Global/CIPS Flash UK Composite PMI in October was 47.2, down from 49.1 in September, the third consecutive monthly decline; new orders fell at sharpest pace since January 2021, attributed to downturn in business and consumer confidence
October 21, 2022
Share of income required to afford a mortgage increased from norm of 22.8% to 30.2%; US home values are 24.7% above level needed for affordability to return to normal: Zillow
October 21, 2022
US median home-sale price rose 7.6% year-over-year in September to US$403,797 while number of homes for sale rose 0.8% as typical home sold in 32 days; 32% of homes sold above list price, down from 47.9% a year ago: Redfin
October 21, 2022
Typical US home sold during four-week period ended Oct. 16 was on market for a median of 34 days, up from 26 days year ago; 30% of homes sold for more than list price, down from 44% year ago as average sale-to-list ratio fell to 98.9% from 100.5%: Redfin
October 21, 2022
US unemployment rates in September were lower in 11 states and DC, higher in 9 states and stable in 30 states, jobless rate fell in 46 states and DC; nonfarm payroll employment up in 9 states, down in 1 state, essentially flat in 40 states and DC: BLS
October 21, 2022
Euro area government deficit-to-GDP ratio decreased to 2.1% in Q2 due to stronger increases in total revenue compared to total expenditure and a higher GDP compared with Q1: Eurostat
October 20, 2022
GlobalData expects industrial robotics industry to be worth US$352B by 2030, having grown at CAGR of 39% from 2021; rise won't lead to mass unemployment, as robots will perform more tasks in repetitive roles such as in warehouses, hospitals, retail stores
October 20, 2022
Annual gains in US home improvement, maintenance spending to shrink from 16.1% in 2022 to 6.5% by Q3 2023; declining home sales, rising interest rates and costs of contractor labor and building materials pose headwinds to home improvement spending: JCHS
October 20, 2022
Annual home value growth for typical US home was 12.9% in September, inventory up 3.0%; home values reached US$358,283, unchanged from August: Zillow
October 20, 2022
US existing-home sales fell 1.5% in September from August to seasonally adjusted annual rate of 4.71 million; inventory of unsold homes fell for second straight month to 1,250,000, equal to 3.2 months of the monthly sales pace: NAR
October 20, 2022
US single-family starts fell 4.7% in September to an 892,000 seasonally adjusted annual rate, multifamily starts down 13.2% to annualized 547,000 pace; new home production dampened by high mortgage rates, building material production disruptions: NAHB
October 19, 2022
US builder confidence in market for newly built single-family homes fell eight points to 38 in October, the tenth straight monthly decline; building material bottlenecks, elevated home prices continued to weaken the housing market: NAHB
October 19, 2022
Euro area annual inflation rate was 9.9% in September, up from 9.1% in August and 3.4% year ago; highest contribution to the annual euro area inflation rate in September came from energy, up 4.19 percentage points: Eurostat
October 19, 2022
Privately‐owned US September housing starts at seasonally adjusted annual rate of 1,439,000, down 8.1% from revised August level, down 7.7% annually; building permits fell 3.2% annually to 1,564,000, completions up 15.7% to 1,427,000: Dept. of Commerce
October 19, 2022
US average sales price of bituminous coal was US$61.68/short ton in 2021, up 23.2% from 2020; subbituminous coal price rose 1.7% to US$14.18/short ton, thermal coal up 3.7% to US$25.85/short ton, metallurgical coal rose 37.4% to US$151.97/short ton: EIA
October 19, 2022
US commercial crude oil inventories in week ended Oct. 14 decreased by 1.7 million barrels from the previous week to 437.4 million barrels; inventories are about 2% below the five year average for this time of year: EIA
October 18, 2022
Median weekly earnings of the 120.2 million US full-time wage and salary workers were US$1,070 in Q3, up 6.9% from a year earlier; women had median weekly earnings of US$971, or 83.4% of the US$1,164 median for men: BLS
October 18, 2022
US home sales in September decreased 9.7% month-over-month, median home price down 1.2% to US$400,000; for-sale home inventory rose 3.9% from August, up 30.4% year-over-year: Re/Max
October 18, 2022
US industrial production increased 0.4% in September, manufacturing output rose 0.4%; capacity utilization for the industrial sector edged up to 80.3% in September from 80.1% in August: Federal Reserve
October 18, 2022
Canadian investors reduced their holdings of foreign securities by C$1.4B in August, mainly US corporate securities; non-residents added C$22.0B of Canadian securities to their holdings, led by acquisitions of bonds: Statistics Canada
October 18, 2022
US average on-highway diesel fuel price in week ended Oct. 17 increased to US$5.339/gallon from US$5.224/gallon last week; average regular gasoline price decreased to US$3.871/gallon from US$3.912/gallon: EIA
October 17, 2022
US national gas price average decreased three cents to US$3.88 in week ended Oct. 17 but increased twenty cents month-over-month; gas demand decreased to 8.28 million b/d from 9.47 million last week: AAA
October 17, 2022
First-time US homebuyers represent 45% of all buyers surveyed, up from 37% year ago; share of repeat buyers declined due to rising mortgage interest rates: Zillow
October 17, 2022
Conference Board Leading Economic Index for Euro area fell 1.1% in September to 111.8 following a 0.5% decrease in August; GDP growth projected to slow to 0.2% year-over-year in 2023
October 17, 2022
Canada's investment in building construction rose 0.4% to C$21.1B in August as residential sector increased 0.5% to C$15.7B, non-residential sector fell 0.2% to C$5.3B; investment in single-family homes rose 0.6%, multifamily up 0.5%: Statistics Canada
October 14, 2022
World Bank: Climate change poses major threat to China's long-term prosperity, and transition to green economy requires shifts in resources, technologies; China could boost solar/wind power, improve green standards for building sector, among other actions
October 14, 2022
Canadian home sales fell 3.9% in September from August, down by 32.2% year-over-year; newly listed properties decreased 0.8% month-over-month in September, national average home price declined by 6.6% year-over-year to C$640,479: CREA
October 14, 2022
Euro area international trade in goods recorded a deficit of €50.9B in August compared with a surplus of €2.8B in August 2021; exports of goods up 24.0% year-over-year to €231.1B, imports gained 53.6% to €282.1B: Eurostat
October 14, 2022
Advance estimates of US retail and food services sales for September were US$684.0B, virtually unchanged from August and up 8.2% from September 2021; retail trade sales fell 0.1% from August but rose 7.8% year-over-year: Dept. of Commerce
October 14, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary October level of 59.8, up from September's 58.6; buying conditions for durables improved due to easing supply constraints
October 14, 2022
Prices for US imports fell 1.2% in September after decreasing 1.1% the previous month, driven by lower fuel and nonfuel prices; export prices fell 0.8% following a 1.7% decline in August: BLS
October 13, 2022
Confidence in the US remodeling market fell 10 points year-over-year on NAHB's index to a reading of 77 in Q3; a growing number of remodelers forecast a slowdown due to ongoing labor shortages, high material prices and rising interest rates: NAHB
October 13, 2022
Median US rental price grew 7.8% year-over-year to US$1,759 in September; rent growth expected to continue slowdown in months ahead, driven by impact of inflation on renters' budgets: Realtor.com
October 13, 2022
US median monthly asking rent in September up 8.8% annually to US$2,002, down 2.5% month-over-month; Oklahoma City saw largest increase, up 24.1% annually while Milwaukee registered largest decline, down 14.3%: Redfin
October 13, 2022
Share of US CEOs saying economic conditions were worse than six months ago rose to 81% from 77% in Q3; 52% report worse conditions in their own industries, 74% expect economic conditions to worsen in next six months: Conference Board
October 13, 2022
UK business volumes grew 31% in quarter to September from 0% in June, expected to grow at quicker pace of 44% next three months; industry sentiment fell at fastest rate since September 2019 despite volumes and profitability holding firm: CBI
October 12, 2022
Euro area industrial production rose by 1.5% in August from July; production increased by 2.5% year-over-year: Eurostat
October 12, 2022
US Producer Price Index for final demand increased 0.4% in September, seasonally adjusted led by a 0.4% rise in prices for final demand services; final demand index increased 8.5% year-over-year: BLS
October 12, 2022
UK GDP estimated to have decreased 0.3% in August following an increase of 0.1% in July; services output down 0.1% led by human health and social work activities and arts, entertainment and recreation activities, production output fell 1.8%: ONS
October 12, 2022
UK Index of Services edged down 0.1% between July and August, largest negative contribution from human health and social care; monthly services output 0.2% below pre-pandemic level: ONS
October 12, 2022
UK production output fell by 1.8% between July and August, driven by declines in three of the four production sectors, mining and quarrying, manufacturing and electricity and gas; production output now 0.9% below pre-pandemic level: ONS
October 11, 2022
UK productivity as measured by output per hour worked in Q2 was 1.8% above pre-COVID level, up 0.3% from Q1; output per worker was 0.9% above pre-pandemic level, down 0.3% quarter-on-quarter: ONS
October 11, 2022
Number of UK payroll employees increased 69,000 in September from revised August figure; number of payroll employees at a record 29.7 million: ONS
October 11, 2022
UK employment rate estimated at 75.5% in the three months to August, down by 1.0 percentage points from pre-pandemic level and 0.3 percentage points lower than the previous quarter; unemployment rate estimated to drop 0.3 percentage points to 3.5%: ONS
October 11, 2022
Nearly 75% of firms surveyed have been impacted by labor shortages over the last year; half of those impacted have been unable to meet output demands: CBI
October 10, 2022
White House releases National Strategy for Advanced Manufacturing; the Biden-Harris administration is focused on efforts that revitalize the manufacturing sector, build strong US supply chains, invest in R&D, and train the workforce
October 10, 2022
Caixin China General Services PMI in September fell to 49.3 from August's 55.0, as new business declined for the first time in four months despite improved foreign demand; business confidence moderated to six-month low
October 10, 2022
Housing wealth for homeowners aged 62 and older in Q2 up 4.1% over Q1 to record US$11.58T; senior-held mortgage debt increased by US$50B: NRMLA
October 10, 2022
Conference Board Employment Trends Index increased to 120.17 in September from 118.48 in August; job gains expected to decelerate as rising interest rates weakened US economy
October 10, 2022
US national gas price average increased twelve cents to US$3.91 in week ended Oct. 10 and nineteen cents higher month-over-month; gas demand increased to 9.47 million b/d from 8.83 million last week: AAA
October 7, 2022
GlobalData forecasts metaverse market to record CAGR of 39.8% to reach US$996B in 2030, as companies globally increasingly invest in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams
October 7, 2022
US wholesale sales in August increased 0.1% to US$698.0B from revised July level, up 16.1% from revised August 2021 level; inventories rose 1.3% in August to US$912.6B, up 25.0% year-over-year: Dept. of Commerce
October 7, 2022
Total US nonfarm payroll employment increased by 263,000 in September, unemployment rate edged down to 3.5%; job growth led by leisure and hospitality and health care: BLS
October 7, 2022
Fannie Mae Home Purchase Sentiment Index decreased 1.2 points to 60.8 in September; those saying it is a bad time to buy increased to 75% from 73% in August, share saying it is a good time to sell remained unchanged at 59%
October 7, 2022
Canadian employment little changed at 21,000 in September, unemployment rate down 0.2% to 5.2% as fewer people searched for work; employment down among young women aged 15 to 24 for second consecutive month: Statistics Canada
October 7, 2022
Canada's retail sales reached C$64.5B in July, up 6.1% year-over-year; largest contribution to increase came from higher sales of automotive and household fuels, up 39.1% year-over-year: Statistics Canada
October 6, 2022
One in four companies globally have suffered a data breach that cost them US$1M-US$20M or more in past three years; four in five organizations state that a comparable and consistent format for mandatory disclosure of cyber incidents is necessary: survey
October 6, 2022
Paychex | IHS Markit Small Business Jobs Index slowed slightly in September from August, down 0.19% to 99.75; average hourly earnings growth was 4.98%
October 6, 2022
State personal consumption expenditures increased 12.7% in 2021 following a decrease of 1.9% in 2020; percent change across all 50 states and DC ranged from 16.3% in Utah to 9.4% in New York: Dept. of Commerce
October 6, 2022
CoreLogic US Home Price Index slowed to 13.5% year-over-year in August, reflecting cooling buyer demand mainly due to higher interest rates; annual gains projected to slow to 3.2% by August 2023
October 6, 2022
LGI Homes reports 574 home closings in September and 1,547 during Q3; company had 93 active selling communities as of Sep. 30
October 5, 2022
S&P Global Eurozone Composite PMI in September fell to 48.1 from 48.9 in August, fastest decline in output since January 2021; decline led by high inflation, soaring energy costs, rising economic uncertainty and weakening demand
October 5, 2022
S&P Global/CIPS UK Services PMI Business Activity Index at 50.0 in September from 50.9 in August, weakest performance since February 2021; client demand declined due to pressure on household budgets from rising inflation, pessimistic economic outlook
October 5, 2022
S&P Global US Services PMI in September rose to 49.3 from 43.7 in August; improved demand conditions led to a weaker decline as new orders returned to growth, while job creation softened to the slowest in 2022 to date
October 5, 2022
J.P.Morgan Global Composite PMI registered 49.7 in September, up from 49.3 in August; data highlighted downturns in the US, euro area and the UK, while output increased in Japan, Brazil, Russia and Australia
October 5, 2022
US goods and services deficit was US$67.4B in August, down by US$3.1B from July's revised US$70.5B; August exports down by US$0.7B to US$258.9B, imports down by US$3.7B to US$326.3B: Dept. of Commerce
October 4, 2022
Britain was net exporter of electricity to Europe in Q2 for first time in over a decade, trade surplus worth nearly £1.5B; energy crises poses opportunity for Britain to grow trade surplus by investing in long duration electricity storage technologies
October 4, 2022
S&P Global US Manufacturing PMI at 52.0 in September, up from 51.5 in August; labor shortages continued to hamper firms' ability to work through incoming new orders
October 4, 2022
J.P.Morgan Global Manufacturing PMI in September fell to 49.8 from 50.3 in August, the first time below the neutral 50.0 mark since June 2020; intakes of new work, international trade flows decreased: S&P Global
October 4, 2022
Industrial producer prices rose by 5.0% in the euro area in August over July, up by 43.3% year-over-year: Eurostat
October 4, 2022
New orders for US manufactured durable goods decreased 0.2% in August to US$272.7B, unchanged from previously published decrease; shipments up 0.8% to US$272.2B, inventories up 0.2% to US$487.5B: Dept. of Commerce
October 3, 2022
Japan Manufacturing PMI fell to 50.8 in September from 51.5 in August; demand fell at quickest pace in two years due to high inflation, weakening economic conditions: S&P Global
October 3, 2022
US national gas price average increased seven cents to US$3.79 in week ended Oct. 3 and unchanged month-over-month; gas demand increased to 8.83 million b/d from 8.32 million last week: AAA
October 3, 2022
S&P Global Eurozone Manufacturing PMI in September fell to 48.4 from 49.6 in August, the lowest reading since June 2020 as output, new orders continued to decrease; demand declined sharply due to high inflation, economic uncertainty
October 3, 2022
S&P Global/CIPS UK Manufacturing PMI in September rose to 48.4 from 47.3 in August; firms cut back production due to decrease in new order intakes, new business down for fourth consecutive month
October 3, 2022
S&P Global Canada Manufacturing PMI rose to 49.8 in September from 48.7 in August due to decline in new orders; demand dampened due to interest rate hikes, client uncertainty as firms were less optimistic over output expectations for year ahead
September 30, 2022
Framery survey shows employees want yoga studios, office gyms, and designated quiet spaces where they can work in peace rather than 'fun' perks like ping pong tables and gaming consoles; 57% of workers think access to privacy is the best office perk
September 30, 2022
Euro area unemployment at 6.6% in August, unchanged from July and down from 7.5% in August 2021; an estimated 10.966 million in the euro area were unemployed in August: Eurostat
September 30, 2022
Euro area annual inflation up to 10.0% in September from 9.1% in August; energy expected to have the highest annual rate in September at 40.8%, followed by food, alcohol and tobacco at 11.8%: Eurostat
September 30, 2022
University of Michigan's Index of Consumer Sentiment posts final September reading of 58.6, up from August's 58.2; buying conditions for durables, one-year economic outlook continued to rise, but offset by declines in long run business conditions outlook
September 30, 2022
UK GDP estimated to have increased by 0.2% in Q2, revised from first estimate contraction of 0.1%; services and construction output registered increases, while production output fell: ONS
September 29, 2022
US real GDP decreased at an annual rate of 0.6% in Q2, unchanged from the second estimate; update reflected upward revision to consumer spending that was offset by downward revision to exports: Dept. of Commerce
September 29, 2022
PulteGroup named among the 2022 Fortune 100 Best Workplaces for Women by Great Place to Work and Fortune for the third consecutive year, ranked in 32nd place
September 29, 2022
Meritage Homes released second annual ESG Report; highlights include delivery of 12,801 ENERGY STAR certified homes in 2021, focused on affordability by dedicating 76% of communities to entry-level homes, diversified board based on gender, ethnicity
September 29, 2022
New listings of US homes down 9.8% year-over-year in September, with median list price up 13.9% to US$427,000; housing inventory increased 26.9%, while a typical home sold in 50 days, 7 days more than in September 2021: Realtor.com
September 29, 2022
European Commission's Economic Sentiment Indicator in September fell 3.6 points from August to 93.7 in the euro area; largest declines registered in Germany, Netherlands, Italy, France, Poland and Spain
September 28, 2022
It will take 140 years for women to achieve equal representation in leadership positions in the workplace if current rate of progress of gender equality continues, according to report by UN Women and the UN Department of Economic and Social Affairs
September 28, 2022
Latest EY Global Climate Risk Barometer shows companies are doing more to disclose climate risks, but many are failing to act on decarbonization; barometer examines efforts of more than 1,500 businesses in 47 countries
September 28, 2022
Roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes under contract; homebuyers most likely to back out in Phoenix, Tampa and Las Vegas and least likely to back out in San Francisco and New York: Redfin
September 28, 2022
US net international investment position was -US$16.31T in Q2, compared to -US$17.75T in Q1; assets totaled US$30.98T in Q2, liabilities were US$47.29T: Dept. of Commerce
September 28, 2022
Pending US home sales decreased in August, down 2.0% from July to 88.4 on NAR's index, down 24.2% year-over-year; three out of four major regions registered monthly decreases, while the West posted a modest gain
September 27, 2022
Conference Board Consumer Confidence Index increased to 108.0 in September from 103.6 in August; consumers’ assessment of current business, labor market conditions rose to 149.6 from 145.3, Expectations Index improved to 80.3 from 75.8
September 27, 2022
Lennar reports Q3 net earnings of US$1.47B, up from US$1.4B year-ago on revenues up 29% to US$8.9B, new orders down 12% to 14,366 homes; material and labor costs increased, supply chain constraints continued to limit deliveries
September 27, 2022
Century Communities announced four new communities in west Michigan and three in northwest Indiana; communities will consist of a total of 154 new single-family homes from the mid US$200s to mid US$300s
September 27, 2022
US home prices fell 0.3% month-over-month in July, up 15.8% year-over-year, with Tampa, Miami and Dallas registering highest annual gains; annual gain lower than the 18.1% increase in the previous month: S&P CoreLogic Case-Shiller Index
September 27, 2022
Sales of new US single‐family houses in August at seasonally adjusted annual rate of 685,000, up 28.8% from revised July rate, down 0.1% year-over-year; median sales price was US$436,800, inventory at end of August was 461,000: Dept. of Commerce
September 26, 2022
US current account deficit narrowed by 11.1% to US$251.1B in Q2, reflected a decreased deficit on goods; Q2 deficit was 4.0% of current GDP, down from 4.6% in Q1: Dept. of Commerce
September 26, 2022
Potential US existing-home sales in August rose 2.1% month-over-month to 5.61 million seasonally adjusted annualized rate; market potential for existing-home sales decreased 12.9% year-over-year: First American
September 26, 2022
S&P Global Flash US Composite PMI in September rose to 49.3 from 44.6 in August, as contraction in activity for manufacturing and service sectors eased; new orders received returned to expansionary territory, broad-based growth across both sectors
September 26, 2022
US national gas price average increased five cents to US$3.72 in week ended Sep. 26 and fell 14 cents month-over-month; gas demand decreased to 8.32 million b/d from 8.49 million last week: AAA
September 26, 2022
UK retail sales volumes in the year to September fell 20% following an increase of 37% in August, retailers expect sales volumes to decline at a slower rate of 13% in October; decline in retail activity due to higher cost-of-living: CBI
September 23, 2022
Study reveals rampant use of greenwashing, tokenism by the largest car brands, airlines and oil and gas companies in Europe to exploit people's concerns about the environment, spread climate disinformation on Twitter, Instagram, Facebook, TikTok, YouTube
September 23, 2022
US-based firms announced 63 CEO changes in August, up 9.0% from July's 58 exits; 895 CEOs have left their posts year-to-date, up 0.8% from the same period year ago: Challenger, Gray & Christmas
September 23, 2022
US 30-year fixed-rate mortgage averaged 6.29% as of Sep. 22, up from 6.02% last week; 30-year FRM averaged 2.88% a year ago: Freddie Mac
September 23, 2022
Canada's retail sales reached C$61.3B in July, up 8.0% year-over-year but down 2.5% from June; largest contribution to monthly decrease driven by lower sales at gasoline stations and clothing and clothing accessories stores: Statistics Canada
September 23, 2022
S&P Global/CIPS Flash UK Composite PMI in September at 48.4, down from 49.6 in August led by renewed decline in service sector activity; businesses indicated that high costs and weaker economic outlook negatively impacted client spending, output
September 22, 2022
CDP report evaluates level of alignment on the Taskforce on Climate-related Financial Disclosures among S&P 500 companies; of the 80% that responded, 55% were 90%-99% aligned with key recommendations, while only 14% provided information on all questions
September 22, 2022
Median number of years that wage and salary workers had been with their current employer was 4.1 years as of January, unchanged from median in January 2020; median employee tenure for men was 4.3 years, 3.8 years for women: BLS
September 22, 2022
US unemployment insurance claims in week ended Sep. 17 up 5,000 to 213,000, four-week moving average down 6,000 to 216,750; total continued weeks claimed for benefits down 96,414 to 1.3 million in week ended Sep. 3: Dept. of Labor
September 22, 2022
New home prices in Canada edged up 0.1% in August over July, with increases in 4 of 27 metro areas surveyed, unchanged in 22 and down in 1; new home prices were up 6.9% year-over-year: Statistics Canada
September 22, 2022
Number of Canadians receiving regular Employment Insurance benefits increased by 14,000 in July to 506,000; British Columbia, Manitoba and Quebec experienced increases: Statistics Canada
September 21, 2022
Salesforce introduces Net Zero Marketplace, a platform for purchasing third-party rated carbon credits; at launch, Net Zero Marketplace will offer nearly 90 projects across 11 countries throughout Africa, Australia, Europe, Latin America and the US
September 21, 2022
US existing-home sales fell 0.4% in August from July to seasonally adjusted annual rate of 4.80 million; inventory of unsold homes decreased 1.5% from July to 1,280,000, equal to 3.2 months of the monthly sales pace: NAR
September 21, 2022
US median monthly asking rent in August up 11.1% annually to US$2,039, up 0.4% month-over-month; Cincinnati saw largest increase, up 26% annually while Milwaukee and Minneapolis registered largest declines, down 15.0% and 7.0%, respectively: Redfin
September 21, 2022
Share of Canadian small business owners, aspiring entrepreneurs motivated to start a side business due to rising cost of living at 74%, up to 84% among Gen Z; accessibility to new technologies, digital solutions leading micro-entrepreneurship trend: RBC
September 21, 2022
UK public sector net borrowing estimated at £11.8B in August, down by £2.6B from August 2021; public sector net debt was £2.43T at end of August, or 96.6% of GDP: ONS
September 20, 2022
Helping small businesses adopt more digital tools in operations can boost revenue, employment and overall economic growth, report finds; digital tools--for payments, accounting, sales, inventory--are strongly associated with small business performance
September 20, 2022
Share of US homebuyers looking to move to a different metro at record 33.9% in August, up from 32.6% in Q2; San Francisco, Los Angeles, New York saw the most homebuyers looking to leave while Miami, Sacramento, San Diego saw the highest inflow: Redfin
September 20, 2022
US single-family starts rose 3.4% in August to a 935,000 seasonally adjusted annual rate, multifamily starts up 28.0% to 640,000 pace; number of apartments under construction at 890,000, the highest since Q1 1974: NAHB
September 20, 2022
Privately‐owned US housing starts in August at seasonally adjusted annual rate of 1,575,000, up 12.2% from revised July level, down 0.1% annually; building permits down 14.4% annually to 1,517,000, completions up 3.1% to 1,342,000: Dept. of Commerce
September 20, 2022
US employer costs for employee compensation for civilian workers averaged US$41.03 per hour worked in June; wages and salaries cost employers US$28.31 while benefit costs were US$12.72: BLS
September 19, 2022
Annual home value growth for typical US home was 14.1% in August, inventory rose 1.0%; home values reached US$356,054, down 0.3% from July led by declines in Los Angeles, San Francisco, Sacramento and Salt Lake City: Zillow
September 19, 2022
US builder confidence in market for newly built single-family homes fell three points to 46 in September, lowest level since May 2014; decline in affordability due to elevated interest rates, material supply chain disruptions and high home prices: NAHB
September 19, 2022
US national gas price average fell four cents to US$3.67 in week ended Sep. 19 and down 24 cents from month ago; gas demand decreased to 8.49 million b/d from 8.73 million last week: AAA
September 19, 2022
Canada's Industrial Product Price Index fell 1.2% in August from July, up 10.6% year-over-year; Raw Materials Price Index fell 4.2% on a monthly basis in August and up 17.6% year-over-year: Statistics Canada
September 16, 2022
GlobalData cuts Euro Area's 2022 GDP to 2.9% from 4.1%, citing rising inflation, oil shortages due to sanctions placed on Russia, Chinese economic slowdown; due to unaffordable energy bills, some factories have already reduced output or closed temporarily
September 16, 2022
US homes sales in August increased 5.3% month-over-month, median home price down 2.4% to US$410,000; for-sale home inventory fell 1.8% from July, up 20.0% year-over-year: Re/Max
September 16, 2022
Share of US home purchases in July paid in all cash reached 31.4%, up from 27.5% year ago; cash purchases prevalent with affluent buyers as mortgage rates increased, avoid loans and high interest payments: Redfin
September 16, 2022
New listings fell 20.2% year-over-year, down 8.2% month-over-month to lowest level since May 2020; 37.6% of homes sold above list price, prices up 18.2% from year ago at median of US$417,800: Redfin
September 16, 2022
Conference Board Leading Economic Index for Euro area down 0.5% in August to 113.1 following a 0.7% decrease in July; GDP projected to slow to 0.2% in 2023, down from 3.2% in 2022
September 15, 2022
Experiment on emotional agency at VTT proves highly successful among employees, indicating the answer to the Great Resignation may be better emotional skills in leadership; experiment involved VTT training 200 of its top leaders in emotional agency
September 15, 2022
Canadian home sales activity projected to decrease 14.7% year-over-year to 568,288 units in 2022; national sales forecast at 552,403 units in 2023, a decrease of 2.8% from 2022: CREA
September 15, 2022
Canadian home sales fell 1.0% in August from July, down by 24.7% year-over-year; newly listed properties decreased 5.4% month-over-month in August, national average home price fell by 3.9% year-over-year to C$637,673: CREA
September 15, 2022
Euro area annual growth in labor costs at 4.0% in Q2; costs of wages and salaries per hour worked grew by 4.1%, while non-wage component rose by 3.8%: Eurostat
September 15, 2022
Euro area international trade in goods recorded a deficit of €34.0B in July compared with a surplus of €20.7B in July 2021; exports of goods up 13.3% year-over-year to €235.5B, imports gain 44.0% to €269.5B: Eurostat
September 14, 2022
European Parliament adopts new rules on adequate minimum wages for all workers in the EU; member states will have to guarantee that their national minimum wages allow workers to lead a decent life, taking into account cost of living and wider pay levels
September 14, 2022
Taylor Morrison increased borrowing capacity in revolving credit facility to US$1B from US$800M; no outstanding borrowings, amended agreement will provide additional liquidity and financial flexibility
September 14, 2022
Realtor.com estimates Sept. 25-Oct. 1 is the optimal time for homebuyers due to more housing listings, less competition and lower prices; buyers expected to save more than US$20,000 on average relative to summer peak of US$450,000
September 14, 2022
Median lot values for single-family detached homes started in 2021 at US$55,000, six out of nine division values set new records; New England and Pacific divisions increased 67% and 39%, respectively: NAHB
September 14, 2022
Euro area industrial production fell by 2.3% in July from June; production decreased by 2.4% year-over-year: Eurostat
September 13, 2022
US EPA selects University of North Carolina Chapel Hill as pollution prevention (P2) grant recipient; P2 grants let states, Tribes provide businesses with technical assistance to help them develop, adopt P2 practices and reduce business, liability costs
September 13, 2022
US Consumer Price Index in August rose 0.1% on a seasonally adjusted basis, increases in the food, shelter and medical care indexes mostly offset by 10.6% decline in the gasoline index; all items index increased 8.3% year-over-year: BLS
September 13, 2022
Real average hourly earnings for all US employees increased 0.2% from July to August; earnings decreased 2.8%, seasonally adjusted, from August 2021 to August 2022: BLS
September 13, 2022
Canada's investment in building construction rose 0.8% to C$21.0B in July as residential sector increased 1.0% to C$15.7B, non-residential sector up 0.1% to C$5.3B; investment in single-family homes rose 0.3%, multifamily up 1.8%: Statistics Canada
September 13, 2022
UK employment rate estimated at 75.4% in quarter to July, down 0.2 percentage points quarter-over-quarter, 1.1 percentage points lower than pre-pandemic level; economic inactivity rate estimated at 21.7%, up 0.4 percentage points quarter-over-quarter: ONS
September 12, 2022
Average US homeowner gained US$60,200, or 27.8%, in home equity year-over-year in Q2; total number of mortgaged homes in negative equity down 18.0% to 1.3 million homes, or 2.3% of all mortgaged properties: CoreLogic
September 12, 2022
CoreLogic US Home Price Index up by 15.8% year-over-year in July; annual gains projected to slow to 3.8% by July 2023, driven by reduced buyer demand due to higher mortgage rates
September 12, 2022
US national gas price average fell seven cents to US$3.71 in week ended Sep. 12 and down 26 cents from month ago; gas demand increased to 8.73 million b/d from 8.59 million last week: AAA
September 12, 2022
Canada's national net worth edged up 0.2% from the previous quarter to C$17.65T in Q2, the slowest pace of expansion since Q1 2020; on a per capita basis, national net worth edged up to C$455,401 in Q2: Statistics Canada
September 12, 2022
UK trade deficit in the three months to July widened by £1.2B to £27.0B; exports of goods up 6.7% in July driven by an increase of 7.9% in exports to EU countries, while imports of goods fell 0.9% on a 1.5% decline in imports from non-EU countries: ONS
September 9, 2022
US wholesale sales in July decreased 1.4% to US$698.0B from revised June level, up 15.3% from revised July 2021 level; inventories rose 0.6% in July to US$900.7B, up 25.1% year-over-year: Dept. of Commerce
September 9, 2022
Freddie Mac's Multifamily Apartment Investment Market Index fell 11.7% in Q2, down 17.9% year-over-year; all 25 markets experienced quarterly and annual declines, driven primarily by record mortgage rate growth
September 9, 2022
Canadian industries operated at 83.8% of production capacity in Q2, up 1.9% quarter-over-quarter; gains in mining, quarrying, oil and gas extraction sector and manufacturing sector more than offset losses in construction, other sectors: Statistics Canada
September 9, 2022
Canada's net foreign asset position reached C$875.1B in Q2, a decrease of C$230.2B from Q1; decline mostly driven by the revaluation effect resulting from market price changes, down US$255.5B: Statistics Canada
September 9, 2022
Canadian employment fell by 40,000 in August, unemployment rate up 0.5% to 5.4% as gains in various industries were offset by declines in educational services, construction; employment down among youth aged 15 to 24, mainly young women: Statistics Canada
September 8, 2022
Bain expects Southeast Asia to maintain projected growth at 5.1% by end-2023 compared to US at 1.3%, EU at 2.1%, China at 4.7%; Southeast Asia's digital consumer population still growing and should hit 370 million by end-2022, rise to 402 million by 2027
September 8, 2022
Toll Brother, Equity Residential plan to develop three new luxury rental communities in the Dallas-Fort Worth metro area, totaling 1,053 units; initial minimum co-investment of nearly US$750M in combined equity, US$1.9B capacity assuming 60% leverage
September 8, 2022
US 30-year fixed-rate mortgage averaged 5.89% as of Sep. 8, up from 5.66% last week; 30-year FRM averaged 2.88% a year ago: Freddie Mac
September 8, 2022
Average annual expenditures for all US consumer units were US$66,928 in 2021, an increase of 9.1% compared to 2020; Consumer Price Index rose 4.7%, while average income before taxes increased 3.7%: BLS
September 8, 2022
US employment projected to grow to 166.5 million from 158.1 million between 2021-2031, a 0.5% annual growth rate, slower than the 1.0% recorded from 2011-2021; leisure and hospitality sector expected to experience fastest employment growth: Dept. of Labor
September 7, 2022
J.P.Morgan Global Composite PMI decreased to 49.3 in August from 50.8 in July; new order inflows declined, international trade volumes fell and signs of excess capacity increased
September 7, 2022
LGI Homes reports 504 home closings in August; company had 93 active selling communities as of Aug. 31
September 7, 2022
US trade deficit in July totaled US$70.6B, down US$10.2B from June's revised US$80.9B; July exports up US$0.5B to US$259.3B, imports down US$9.7B to US$329.9B: Dept. of Commerce
September 7, 2022
Euro area GDP increased by 0.8% in Q2 from Q1, up by 4.1% year-over-year: Eurostat
September 7, 2022
Bank of Canada increased its target for the overnight rate to 3.25%, with the Bank Rate at 3.5% and the deposit rate at 3.25%; the Bank is continuing its policy of quantitative tightening
September 6, 2022
US national gas price average fell seven cents to US$3.77 in week ended Sep. 6 and down 31 cents from month ago; gas demand rose to 8.59 million b/d from 8.43 million last week: AAA
September 6, 2022
Conference Board Employment Trends Index increased to 119.06 in August from 118.20 in July; job growth expected to decelerate for the rest of 2022 amid economic headwinds
September 6, 2022
S&P Global ASEAN Manufacturing PMI edged up to 52.3 in August from 52.2 in July, supported by quicker rise in production levels and new factory orders; Singapore registered quickest upturn in operating conditions
September 6, 2022
Caixin China General Services PMI in August fell to 55.0 from July's 55.5, foreign sales declined as international demand remained subdued; business confidence rose to nine-month high, with many firms anticipating recovery in demand, activity levels
September 6, 2022
S&P Global Eurozone Composite PMI in August fell to 48.9 from 49.9 in July, Germany registered steepest contraction; decline in activity led by worsening demand environment, with inflationary pressures and cost of living concerns delaying client decisions
September 5, 2022
The Science Based Targets initiative (SBTi) announces latest developments to cement its leading position and continue to drive exponential growth
September 2, 2022
Leadership styles incorporating both big-picture vision, attention to detail are perceived more favorably by followers; abusive leadership can affect employees' physical health in terms of sleeping difficulty, depression, gastrointestinal problems: study
September 2, 2022
Typical US home sold during four-week period ended Aug. 28 was on market for a median of 26 days, up from 21 days year ago; 37% of homes sold for more than list price, down from 50% year ago as average sale-to-list ratio fell to 99.8% from 101.4%: Redfin
September 2, 2022
New orders for US manufactured durable goods decreased 0.1% in July to US$273.2B, down from previously published virtually unchanged decrease; shipments up 0.2% to US$270.1B, inventories up 0.3% to US$486.4B: Dept. of Commerce
September 2, 2022
Japan Manufacturing PMI fell to 51.5 in August from 52.1 in July; new orders registered sharpest contraction in nearly two years, while level of outstanding business fell for first time in one-and-a-half years due to a lack of incoming orders: S&P Global
September 2, 2022
Caixin China General Manufacturing PMI fell to 49.5 in August from 50.4 in July, led by renewed decline in total new business; workforce numbers declined as subdued demand conditions led firms to cut back on purchasing activity and inventory levels
September 1, 2022
PulteGroup ranked among the 100 Companies that Care 2022 list by Great Place to Work and People magazine, which recognizes firms that demonstrate respect for employees, communities and environment; the company ranked third on the list
September 1, 2022
New listings of US homes down 13.4% year-over-year in August, with median list price up 14.3% at US$435,000; housing inventory increased 26.6%, while a typical home sold in 42 days, 5 days longer than in August 2021: Realtor.com
September 1, 2022
Euro area unemployment at 6.6% in July, down from 6.7% in June and down from 7.7% in July 2021; an estimated 10.983 million in the euro area were unemployed in July: Eurostat
September 1, 2022
US construction spending in July estimated at seasonally adjusted annual rate of US$1.78T, down 0.4% from June, 8.5% above July 2021; private construction fell 0.8% from June to US$1.44T, residential construction down 1.5% to US$934.4B: Dept. of Commerce
September 1, 2022
US 30-year fixed-rate mortgage averaged 5.66% as of Sep. 1, up from 5.55% last week; 30-year FRM averaged 2.87% a year ago: Freddie Mac
August 31, 2022
White House mandates that all federally funded research papers and data must be available immediately upon publication and at no cost; policy goes into effect Dec. 31, 2025
August 31, 2022
SK invests in Bill Gates’ TerraPower, a next-generation small modular reactor developer, to accelerate transition to net zero; SK to join TerraPower’s nuclear reactor commercialization projects in Korea and Southeast Asia and supply carbon-free power
August 31, 2022
Over last 12 months, 93% of the 41 companies that shareholder advocacy nonprofit As You Sow engaged with realized that getting on the path of racial justice and workplace equity disclosure was positive for their business and decided to take action
August 31, 2022
GlobalData: UK economy on verge of stagflation if fuel prices keep rising without much expansion in GDP growth rate; UK plans to fully phase out oil imports from Russia by end-2022, which resulted in 43.7% rise in fuel prices during January-July period
August 31, 2022
US unemployment rates were lower in July than a year earlier in 383 of 389 metro areas, higher in 5 areas and unchanged in 1 area; nonfarm payroll employment increased over the year in 99 metro areas and essentially unchanged in 290 areas: Dept. of Labor
August 30, 2022
UBS signs 10-year agreement with Climeworks, underlining the financial services industry’s central role in scaling carbon removal; long-term commitments are key to scale the carbon removal industry because they provide planning security, says Climeworks
August 30, 2022
Paychex | IHS Markit Small Business Jobs Index decreased slightly in August from July, down 0.20% to 99.94; average hourly earnings growth was 5.18%
August 30, 2022
US home prices rose 0.6% in June over May, up 18.0% year-over-year, with Tampa, Miami and Dallas registering highest annual gains; annual gain lower than the 19.9% increase in the previous month: S&P CoreLogic Case-Shiller Index
August 30, 2022
Share of sales of US homes priced over US$1M increased to 6.4% from 2.7% in 2019 and 2.5% in 2020; homes that sold at or near US$1M contracted nearly 500 sq. ft. from peak of 3,021 sq. ft. in 2020, with Phoenix, Nashville registering largest declines: NAR
August 30, 2022
Conference Board Consumer Confidence Index increased to 103.2 in August from 95.3 in July; consumers’ assessment of current business, labor market conditions rose to 145.4 from 139.7, Expectations Index improved to 75.1 from 65.6
August 29, 2022
US senator urges Dept. of Labor to act on emerging trend of 'invasive and exploitative’ surveillance technologies in workplaces, says implementation of it is growing due to an imbalance of power and lack of legal protections, regulatory restrictions
August 29, 2022
Real US house prices up 3.7% in June from May, up 53.3% year-over-year; consumer house-buying power down 2.8% from May, down 22.7% annually, decline in affordability led by higher nominal house prices, 30-year fixed mortgage rate: First American
August 29, 2022
Canada's number of business openings in May decreased 0.2 percentage point to 4.7% from April, while closures increased to 4.6% from 4.4%; number of active businesses edged up by 0.1% month-over-month: Statistics Canada
August 26, 2022
US disposable personal income up 0.2% in July, personal consumption expenditures up 0.1%; monthly changes reflect increase in compensation offset by decrease in proprietors' income, personal current transfer receipts and rental income: Dept. of Commerce
August 26, 2022
US real GDP in Q3 decreased at annual rate of 0.6%, revised from prior estimate of 0.9% decrease; reflects upward revision to consumer spending and private inventory investment offset by downward revision to residential fixed investment: Dept. of Commerce
August 26, 2022
Century Communities expands presence in Johnstown, Colorado with 121 new homesites for sale; community will offer array of single-family homes from the low US$500s, size ranging between 1,661 sq. ft. to 2,410 sq. ft.
August 26, 2022
Median US home sale price up 6% year-over-year to US$371,125 in four-week period ended Aug. 21, asking price of new listings up 10% to US$382,475; new listings decreased 15%, total listings up 4.3% year-over-year: Redfin
August 26, 2022
University of Michigan's Index of Consumer Sentiment posts final August reading of 58.2, up from July's 51.5; gain in sentiment seen across age, education, income, region and political affiliation, attributed to decelerating inflation
August 25, 2022
US 30-year fixed-rate mortgage averaged 5.55% as of Aug. 25, up from 5.13% last week; 30-year FRM averaged 2.87% a year ago: Freddie Mac
August 25, 2022
US unemployment insurance claims in week ended Aug. 20 down 2,000 to 243,000, four-week moving average up 1,500 to 247,000; total continued weeks claimed for benefits fell 32,948 to 1.45 million in week ended Aug. 6: Dept. of Labor
August 25, 2022
Canada's payroll employment increased by 114,600, or 0.7% in June, with Ontario and Quebec registering the largest increases; average weekly earnings unchanged from May at C$1,159: Statistics Canada
August 24, 2022
Toll Brothers' fiscal Q3 net income rose to US$273.5M from US$234.9M a year ago on home sales revenue up 1% to US$2.3B, contracted homes down 60% to 1,266; net signed contract value fell 44% to US$1.7B, backlog value up 19% to US$11.2B with 10,725 homes
August 24, 2022
Century Communities expands presence in Austin, Texas with four new communities consisting of over 750 new homes; offer array of single-family homes from the US$300s and US$400s, will feature Century Home Connect smart home package
August 24, 2022
Median US rental price grew 12.3% year-over-year to a record US$1,879 in July; rent growth slightly faster in urban areas, up 12.8% to median price of US$1,927.5 compared to an increase of 11.7% to US$1,821 in suburban areas: Realtor.com
August 24, 2022
Pending US home sales decreased in July, down 1.0% from June to 89.8 on NAR's index, down 19.9% year-over-year; three out of four major regions registered monthly decreases, while the West posted a small increase
August 24, 2022
New orders for US manufactured durable goods in July decreased by less than US$0.1B to US$273.5B; shipments increased by US$1.0B, up 0.4% to US$270.5B, inventories rose 0.2%, or US$1.1B to US$486.2B: Dept. of Commerce
August 23, 2022
Sales of new US single‐family houses in July at seasonally adjusted annual rate of 511,000, down 12.6% from revised June rate, down 29.6% year-over-year; median sales price was US$439,400, inventory at end of July was 464,000: Dept. of Commerce
August 23, 2022
EU flash consumer confidence indicator for August rose 1.0 point from June to -26.0, euro area flash consumer confidence indicator up 2.1 points to -24.9; confidence score below previous minimum reached at start of COVID-19 pandemic: European Commission
August 23, 2022
UK manufacturing output fell in three months to August, led by food, drink and tobacco, mechanical engineering and paper, printing and media; lower activity driven by supply chain bottlenecks, high input costs and oncoming economic downturn: CBI
August 23, 2022
S&P Global Flash Eurozone PMI in August down to 49.2 from 49.9 in July, with steepest decline in Germany; decline driven by contraction in manufacturing sector, while service sector barely registered any improvement in activity
August 23, 2022
S&P Global/CIPS Flash UK Composite PMI in August registered 50.9, down from 52.1 in July due to muted customer demand, shortages of labor and inputs; slowdown largely driven by faster decline in manufacturing output, while services activity eased slightly
August 22, 2022
US national gas price average fell 5 cents to US$3.90 in week ended Aug. 22 and down 51 cents from month ago; gas demand rose to 9.35 million b/d from 9.12 million last week: AAA
August 22, 2022
Majority-owned US affiliates of foreign multinational enterprises employed 7.86 million workers in US in 2020, down 2.8% from 2019, accounting for 6.4% of private-industry jobs; employment by MOUSAs was largest in manufacturing, retail: Dept. of Commerce
August 22, 2022
Toll Brothers, PGIM Real Estate form JV to develop multifamily rental community in San Diego, California financed with US$187M construction loan facility; The Lindley will consist of 422 multifamily units, high-end luxury finishes
August 22, 2022
Seasonally-adjusted US home sales fell 4.1% in July from June, while a typical home sold in 21 days, 47.3% sold above list price; median home-sale price up 7.7% year-over-year to US$412,700 as the number of homes for sale rose 3.9%: Redfin
August 22, 2022
Share of US CEOs saying economic conditions were worse than six months ago rose to 77% at end of Q3, up from 61% in Q2; 48% report worse conditions in their own industries, 73% expect economic conditions to worsen in next six months: Conference Board
August 19, 2022
Median US single-family square floor area decreased to 2,302 sq. ft. in Q2, average size fell to 2,498 sq. ft.; shift in consumer preferences will increase demand for space, while tighter budgets due to high interest rates will reduce demand: NAHB
August 19, 2022
US median monthly asking rent in July up 14.0% annually to US$2,032, up 0.6% month-over-month; largest increase in Cincinnati, up 31% while only Milwaukee, Minneapolis and Baltimore saw declines, down 10%, 8%, and less than 0.3%, respectively: Redfin
August 19, 2022
US unemployment rates in July down in 14 states and DC, up in 3 states and stable in 33 states, all 50 states and DC had jobless rate declines from year ago; nonfarm payroll employment up in 20 states, down in 2 states, flat in 28 states and DC: BLS
August 19, 2022
Canada's retail sales rose to C$63.1B in June, up 11.0% year-over-year; largest contribution to increase came from higher sales at gasoline stations, up 53.6% year-over-year: Statistics Canada
August 19, 2022
UK retail sales volumes rose by 0.3% in July from June, up 2.3% from pre-pandemic level; increase mostly driven by higher sales in non-store retailing: ONS
August 18, 2022
Toll Brothers partners with Sculptor Real Estate to develop two luxury condominium communities in New York City, The Rockwell and 151 Bay Street; Toll Brothers will act as managing member and development lead for each project
August 18, 2022
Canadian home sales fell 5.3% in July from June, down by 29.3% year-over-year; newly listed properties decreased 5.3% month-over-month in July, national average home price fell by 5.0% year-over-year to C$629,971: CREA
August 18, 2022
US existing-home sales fell 5.9% in July from June to seasonally adjusted annual rate of 4.81 million; inventory of unsold homes increased 4.8% from June to 1,310,000, equal to 3.3 months of the monthly sales pace: NAR
August 18, 2022
Conference Board Leading Economic Index for US fell 0.4% month-over-month in July to 116.6 compared to a 0.7% drop in June; decline driven by consumer pessimism, equity market volatility, slowing labor markets and housing construction
August 18, 2022
Euro area annual inflation rate was 8.9% in July, up from 8.6% in June and 2.2% year ago; highest contribution to the annual euro area inflation rate in July came from energy, up 4.02 percentage points: Eurostat
August 17, 2022
US homes sales in July decreased 16.6% month-over-month, median home price down 2.9% to US$415,000; for-sale home inventory rose 13.3% from June, up 30.4% year-over-year: Re/Max
August 17, 2022
Euro area GDP increased by 0.6% in Q2, as number of employed persons rose 0.3%; GDP up 3.9% from year ago: Eurostat
August 17, 2022
Advance estimates of US retail and food services sales for July were US$682.8B, virtually unchanged from June and up 10.3% from July 2021; retail trade sales virtually unchanged from June and up 10.1% over last year: Dept. of Commerce
August 17, 2022
Nearly 60% of US renters said their rent increased in past 12 months, 1 in 3 saw increases of 10% or more; 38% of renters saw their wages increase, as a third said raise would not cover increased rent: Freddie Mac
August 17, 2022
Among US persons aged 16-24, 55.3% were employed in July, up from 54.4% in July 2021; youth employment in July remains below pre-pandemic level of 56.2% in July 2019: BLS
August 16, 2022
Commentary: 'Extreme heat belt' where temperatures can reach above 125 degrees to impact 107 million Americans by 2053, from 8.1 million in 2023, predicts nonprofit; area stretches from northern Texas and Louisiana borders to Illinois, Indiana, Wisconsin
August 16, 2022
Euro area international trade in goods recorded a deficit of €24.6B in June compared with a surplus of €17.2B in June 2021; exports of goods up 20.1% year-over-year to €252.2B, imports gain 43.5% to €276.8B: Eurostat
August 16, 2022
US industrial production increased 0.6% in July, manufacturing output up 0.7%; capacity utilization for the industrial sector rose 0.4 percentage point in July to 80.3%: Federal Reserve
August 16, 2022
Privately‐owned US housing starts in July at seasonally adjusted annual rate of 1,446,000, down 9.6% from revised June level, down 8.1% from July 2021; building permits up 1.1% annually to 1,674,000, completions up 3.5% to 1,424,000: Dept. of Commerce
August 16, 2022
Canadian investors reduced holdings of foreign securities by C$12.3B in June, mainly US shares and US money market instruments; non-residents reduced exposure to Canadian securities by C$12.6B, mainly shares of the banking sector: Statistics Canada
August 15, 2022
UK steel and paper mills could see further relief under new proposals to help subsidise electricity costs; proposal is estimated to help nearly 300 businesses supporting 60,000 jobs
August 15, 2022
US national gas price average fell 10 cents to US$3.95 in week ended Aug. 15 and down 62 cents from month ago; gas demand rose to 9.12 million b/d from 8.54 million last week: AAA
August 15, 2022
US builder confidence in market for newly built single-family homes fell six points to 49 in August, eighth straight monthly decline; increased affordability challenges due to high interest rates, ongoing supply chain disruptions, high home prices: NAHB
August 15, 2022
Wholesale sales in Canada rose 0.1% to C$80.7B in June, led by growth in two of seven subsectors, miscellaneous and motor vehicle and motor vehicle parts and accessories; inventories increased 3.4% to C$120.0B: Statistics Canada
August 15, 2022
Canada's manufacturing sales fell 0.8% to C$71.8B in June led by petroleum and coal, wood and aerospace product and parts; total inventories up 2.1% to C$116.4B led by machinery, transportation equipment and chemical product industries: Statistics Canada
August 12, 2022
Median US home sale price up 8% year-over-year to US$379,089 in four-week period ended Aug. 7, asking price of new listings up 12% to US$390,750; new listings decreased 12%, total listings up 4% year-over-year: Redfin
August 12, 2022
Share of Redfin home offers that faced bidding wars fell to 44.3% in July from June's revised rate of 50.9%; Raleigh, North Carolina had the highest competition rate at 63.8% while Phoenix, Arizona had the lowest rate at 26.6%
August 12, 2022
Euro area industrial production rose by 0.7% in June from May; production increased by 2.4% year-over-year: Eurostat
August 12, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary August level of 55.1, up from July's 51.5; all components of expectations index improved among low and middle income consumers
August 12, 2022
Prices for US imports decreased 1.4% in July after advancing 0.3% the previous month, driven by lower fuel and nonfuel prices; export prices fell 3.3% in July following a 0.7% advance in June: BLS
August 11, 2022
US-based firms announced 58 CEO changes in July, down 45.0% from June's 106 exits; 832 CEOs have left their posts year-to-date, up 8.0% from the same period year ago: Challenger, Gray & Christmas
August 11, 2022
Median sales price of US single-family existing homes up 14.2% to US$413,500 in Q2 from year ago, with double-digit price appreciation in 80% of measured metros; typical monthly mortgage payment rose to US$1,841, or 24.3% of the median family income: NAR
August 11, 2022
Share of US homebuyers looking to move to a different metro at record 33.7% in July, up from 32.6% in Q2; San Francisco, Los Angeles and New York saw the most homebuyers looking to leave while Miami, Sacramento and San Diego saw the highest inflow: Redfin
August 11, 2022
Share of new, existing US homes sold in Q2 that were affordable to families earning median income of US$90,000 was 42.8%, down from 56.9% in Q1; decline led by rising mortgage rates, high inflation, low existing inventory and elevated home prices: NAHB
August 11, 2022
US 30-year fixed-rate mortgage averaged 5.22% as of Aug. 11, up from 4.99% last week; 30-year FRM averaged 2.87% a year ago: Freddie Mac
August 10, 2022
US wholesale sales in June increased 1.8% to US$709.6B from revised May level, up 20.4% from revised June 2021 level; inventories rose 1.8% in June to US$895.4B, up 25.5% year-over-year: Dept. of Commerce
August 10, 2022
US Consumer Price Index in July was unchanged on a seasonally adjusted basis, increases in the food and shelter indexes offset by 7.7% decline in the gasoline index; all items index increased 8.5% year-over-year: BLS
August 10, 2022
Real average hourly earnings for all US employees increased 0.5% from June to July; earnings decreased 3.0%, seasonally adjusted, from July 2021 to July 2022: BLS
August 10, 2022
US commercial crude oil inventories in week ended Aug. 5 increased by 5.5 million barrels from the previous week to 432.0 million barrels; inventories are about 5% below the five year average for this time of year: EIA
August 9, 2022
S&P Global Eurozone Productivity PMI in July fell to 47.2 from 49.3 in June, led by supply chain disruptions, price pressures, economic uncertainty; private sector output contracted for first time in 17 months
August 9, 2022
KPMG/REC UK Report on Jobs in July showed slowdown in hiring activity growth, slowest rise in permanent staff hires, temp billings for 17 months; drop led by skills shortages, reduced supply of foreign workers, hesitancy to apply for new roles: S&P Global
August 9, 2022
US natural gas spot price at Henry Hub averaged US$7.28/MMBtu in July, down from US$8.14/MMBtu in June; Henry Hub price expected to average US$7.54/MMBtu in H2 2022 and US$5.10/MMBtu in 2023: EIA
August 9, 2022
New listings of US homes down 2.8% year-over-year in July, with median list price up 16.6% at US$449,000; housing inventory increased 30.7%, while a typical home sold in 35 days, 2 days faster than in July 2021: Realtor.com
August 9, 2022
Share of US homes listed for 30 days or longer without going under contract in July increased 12.5% year-over-year, largest rise since 2012; increase reflects a slowing housing market due to high mortgage rates and economic uncertainty: Redfin
August 8, 2022
US national gas price average fell 16 cents to US$4.05 in week ended Aug. 8 and down 67 cents from month ago; gas demand fell to 8.54 million b/d from 9.25 million last week: AAA
August 8, 2022
Fannie Mae Home Purchase Sentiment Index decreased 2.0 points to 62.8 in July; those saying it is a bad time to buy increased to 76% in July from 75% in June, share saying it is a good time to sell decreased to 67% from 68%
August 8, 2022
Canada's retail sales reached C$67.8B in May, up 15.3% year-over-year; largest contribution to increase came from higher sales of automotive and household fuels, up 69.8% year-over-year: Statistics Canada
August 5, 2022
GlobalData: Mentions of ‘recession’ in company filings up to nearly 200 in Q2, representing nine-time hike from Q1, and mentions of 'inflation' up 26%; data show across all online, impulse buying is down and consumers are being more careful with money
August 5, 2022
NVR authorized repurchase of US$500M of its outstanding common stock; company had 3,282,665 total shares of common stock outstanding as of Aug. 1
August 5, 2022
Del Webb announced newest community in the southeast Michigan market, Kensington Ridge by Del Webb which will include 600 homes; age-restricted community will offer GenYou ranch designs, floor plans are focused on 55+ buyers
August 5, 2022
Century Communities expands presence in Fairhope, Alabama with 49 new homesites for sale; community will offer array of single-family homes from the US$280s, up to approximately 2,132 sq. ft.
August 5, 2022
LGI Homes reports 469 home closings in July; company had 93 active selling communities as of Jul. 31
August 5, 2022
Total US nonfarm payroll employment increased by 528,000 in July, unemployment rate down to 3.5%; job growth led by leisure and hospitality, professional and business services and health care: BLS
August 4, 2022
US Dept. of Labor to begin series of events in August to highlight the importance of maternal health and workplace protections for expectant and new mothers; events will include free webinars, industry-specific employer compliance events, more
August 4, 2022
Commonwealth Scientific and Industrial Research Organisation identified seven global megatrends that pose future challenges, opportunities; trends include adapting to climate change, escalating health imperative and geopolitical shifts
August 4, 2022
Paychex | IHS Markit Small Business Jobs Index decreased slightly in July from June, down 0.66% to 100.14; average hourly earnings growth was 5.08% compared to 5.13% in June
August 4, 2022
CoreLogic US Home Price Index up by 18.3% year-over-year in June; annual gains projected to fall to 4.3% by June 2023, driven by reduced buyer demand due to higher mortgage rates
August 4, 2022
US goods and services deficit was US$79.6B in June, down US$5.3B from May's revised US$84.9B; exports up US$4.3B to US$260.8B, imports down US$1.0B to US$340.4B: Dept. of Commerce
August 3, 2022
Wholesale carbon marketplace Emsurge partnered with rating agency BeZero Carbon to host BeZero Carbon Rating, rating summary on its platform; integration will give Emsurge users access to an independent quality assessment to price and manage risk
August 3, 2022
Higher interest rates to cool US homebuying market, large number of apartments under construction to bring relief to rental market; high housing costs to continue affecting lower-income households as gas, food prices rise and government support ends: JCHS
August 3, 2022
S&P Global Canada Manufacturing PMI at 52.5 in July from 54.6 in June, weakest improvement in 25 continuous months of growth; output, new orders fell for the first time in over two years as employment growth softened
August 3, 2022
Caixin China General Services PMI in July rose to 55.5 from June's 54.5, sharpest rate of growth since April 2021 and above series average of 53.8; firms continued to cut staffing levels as backlogs fell slightly, input costs increased at stronger pace
August 3, 2022
S&P Global Eurozone Composite PMI in July fell to 49.9 from 52.0 in June, first reduction in private sector activity since February 2021; high inflation negatively impacted demand as overall new business intakes fell at steepest rate since May 2013
August 2, 2022
NRF economist says US economy strong enough to deal with inflation and 'keep a recession at bay' despite two consecutive quarters of decline; for 2022, GDP growth forecast lowered to 2% from 3.5%, and retail sales expected to grow 6%-8% year-over-year
August 2, 2022
Microsoft announces two new security solutions--Defender Threat Intelligence, Defender External Attack Surface Management; company notes the new threat intelligence offerings help security teams accelerate the identification and prioritization of risks
August 2, 2022
World Economic Forum releases Net-Zero Industry Tracker 2022, a report on the state of the net-zero transition in key industrial sectors; report offers data, fact-based insights and recommendations for industrial firms, other stakeholders
August 2, 2022
Number of US job openings decreased to 10.7 million on last day of June, hires and total separations little changed at 6.4 million, 5.9 million respectively; quits and layoffs and discharges little changed at 4.2 million and 1.3 million, respectively: BLS
August 2, 2022
US disposable personal income up 0.7% in June, personal consumption expenditures up 1.1%; monthly changes reflected increase in compensation and proprietors' income, increase in spending for goods and services: Dept. of Commerce
August 1, 2022
US construction spending in June estimated at seasonally adjusted annual rate of US$1.76T, down 1.1% from revised May estimate and 8.3% above June 2021; residential construction down 1.6% from May at US$923.7B: Dept. of Commerce
August 1, 2022
S&P Global US Manufacturing PMI at 52.2 in July, down from 52.7 in June, the lowest reading for two years; decline led by first drop in output since June 2020, reflecting weaker demand conditions as new orders declined at fastest pace in two years
August 1, 2022
KB Home received a record 28 Energy Star Market Leader Awards in 2022 in recognition of its long-lasting commitment to building Energy Star certified homes; to date, these KB homes have reduced CO2 emissions by an estimated 6.3 billion pounds
August 1, 2022
Century Communities announced five new communities in Central California market; communities will consist of single-family homes from the high US$300s with contemporary open-concept layouts, on-trend included features
August 1, 2022
LGI Homes announced further expansion into Charlotte, North Carolina market with opening of new community, Colonial Crossing; community offers one, two-story single-family homes with up to five bedrooms ranging from 1,601 sq. ft. to 2,805 sq. ft.
July 29, 2022
GlobalData raises global inflation rate forecast to 7.5% by end-2022 from 4.8%, driven by food, fuel, energy and supply chain disruption; inflation rate expected to reach 9.4% in Europe, 7.7% in US, 6.7% in Canada, 6.6% in Asia-Pacific, 2.4% in China
July 29, 2022
Euro area GDP increased by 0.7% in Q2 from the previous quarter, following a 0.5% increase in Q1; euro area GDP up by 4.0% year-over-year in Q2: Eurostat
July 29, 2022
Euro area annual inflation up to 8.9% in July from 8.6% in June; energy expected to have the highest annual rate in July at 39.7%, followed by food, alcohol and tobacco at 9.8%: Eurostat
July 29, 2022
University of Michigan's Index of Consumer Sentiment posts final July reading of 51.5, up from June's 50.0; inflation continued to dominate consumers' attention as labor market expectations softened further
July 29, 2022
US 30-year fixed-rate mortgage averaged 5.30% in week ended Jul. 28, down from 5.54% last week; 30-year FRM averaged 2.80% a year ago: Freddie Mac
July 28, 2022
GlobalData: Fed's July rate hike of 75 basis points will slow US economic growth to 2.3% in 2022, down from prior forecast of 3.6%; 2022 inflation rate forecast raised to 7.7% from 4.9%, as Russia-Ukraine war impact is expected to keep inflation elevated
July 28, 2022
Meritage Homes' Q2 net earnings up 49% annually to US$250.1M on home closing revenues up 11% to US$1.41B, home closing gross margin up to 31.6% while orders rose 6% to 3,767; company achieved its long-term goal of 300 communities with 303 at end of June
July 28, 2022
Century Communities reports Q2 net income rose 35% year-over-year to record US$158.7M on home sales revenues up 10% to US$1.1B, net new home contracts down 28% to 2,233; homes in backlog increased 7% to 4,767 homes valued at US$2B
July 28, 2022
US real GDP fell at annual rate of 0.9% in Q2 after 1.6% decline in Q1; lower private inventory investment, residential fixed investment, federal government spending, state and local government spending, non-residential fixed investment: Dept. of Commerce
July 28, 2022
US labor productivity rose 6.6% in retail trade and 5.7% in wholesale trade in 2021, hours worked and output increased at fastest rate since 1987; unit labor costs rose in both wholesale and retail trade: BLS
July 27, 2022
Gartner forecasts 2022 global semiconductor revenue to grow 7.4% to US$639.2B, down from 26.3% growth in 2021; global market entering period of weakness, which will persist through 2023 when semiconductor revenue is projected to decline 2.5% to US$623.1B
July 27, 2022
Pending US home sales declined in June, down 8.6% from May to 91.0 on NAR's index, down 20.0% year-over-year; largest decline observed in the West
July 27, 2022
Euro area household real consumption per capita decreased by 0.6% in Q1 after decreasing by 0.9% in the previous quarter; household real income per capita decreased in Q1 by 0.5%, after a decrease of 0.7% in Q4: Eurostat
July 27, 2022
New orders for US manufactured durable goods in June increased 1.9% to US$272.6B, following a 0.8% increase in May; shipments rose 0.3% to US$269.6B, inventories add 0.4% to US$484.8B: Dept. of Commerce
July 27, 2022
Gross US job gains from opening and expanding private-sector firms increased 781,000 to 9.6 million in Q4; gross losses from closing and contracting private-sector firms fell 785,000 to 6.7 million, yielding a net employment gain of 2.9 million jobs: BLS
July 26, 2022
US home prices rose 1.5% in May over April, up 19.7% year-over-year; annual gain lower than the 20.6% increase in the previous month: S&P CoreLogic Case-Shiller Index
July 26, 2022
NVR reports Q2 income up 35% year-over-year to US$433.3M on consolidated revenues 16% higher to US$2.66B; new orders decreased 16% to 4,663 units, average sales price up 7% to US$471,600
July 26, 2022
PulteGroup reports Q2 net income up to US$652M from year-ago US$503M on home sale revenues up 18% to US$3.8B, net new orders down 23% to 6,418 homes; CEO says quarterly results reflect strong demand conditions in H2 2021
July 26, 2022
Housing wealth for homeowners aged 62 and older in Q1 up 4.91% over Q4 to record US$11.12T; senior-held mortgage debt increased by US$43B: NRMLA
July 26, 2022
Conference Board Consumer Confidence Index fell to 95.7 in July from 98.4 in June; consumers’ assessment of current business, labor market conditions decreased to 141.3 from 147.2, Expectations Index edged down to 65.3 from 65.8
July 25, 2022
Business Facilities ranks Louisiana LED FastStart as No. 1 custom training program in US; program includes VR and AI capability, a job seeker platform that expands access and increases diversity, education partnerships, development of a technology center
July 25, 2022
Investments in M&As and sustainability will be first areas to face cuts in organizations feeling their margins squeezed, according to Gartner CFO and CEO survey; last areas to cut spending will be workforce and talent development, technology
July 25, 2022
Gartner: During inflation, noticeable changes that impact value of product or service are more likely to harm a brand; CMOs must turn to cost-cutting methods that don't harm perceptions of value, and if needed, cut services rather than product amounts
July 25, 2022
US national gas price average fell 17 cents to US$4.35 in week ended Jul. 25, down 63 cents month-over-month; decline due to low domestic demand for gasoline and oil prices that remain in mid-US$90s per barrel: AAA
July 25, 2022
Canada's number of business openings in April decreased 0.2% to 4.7% from March, while closures fell to 4.4%; number of active businesses increased by 0.3% month-over-month: Statistics Canada
July 22, 2022
GlobalData: AI, digital media and e-commerce among top themes to have highest number of unicorns, which are privately-held startups valued at US$1B+; US to remain top unicorn hub and dominate 50% of world's unicorns, followed by India, China, UK, Germany
July 22, 2022
US unemployment rates in June down in 10 states and DC, up in 2 states, stable in 38 states, all states and DC had jobless rate declines from year ago; nonfarm payroll employment up in 13 states, down in 2 states, essentially flat in 35 states and DC: BLS
July 22, 2022
Potential US existing-home sales in June fell 2.5% month-over-month to 5.47 million seasonally adjusted annualized rate; market potential for existing-home sales declined 13.1% year-over-year: First American
July 22, 2022
D.R. Horton's fiscal Q3 net income rose 48% year-over-year to US$1.6B, consolidated revenues up 21% to US$8.8B; net sales orders down 7% to 16,693 homes but up 8% in value to US$6.9B, while homes closed increased 18% in value to US$8.3B with 21,308 homes
July 22, 2022
KB Home homes built in future Arizona, California and Nevada communities will be WaterSense labeled, the highest standard for water efficiency, performance; company has built 18,000 of these homes, conserving roughly 1.6 billion gallons of water annually
July 22, 2022
Typical US home sold in 19 days on market during four-week period ended Jul. 17, while median home-sale price increased 11% year-over-year to US$389,200; pending home sales fell 15% year-over-year, the largest decline since May 2020: Redfin
July 21, 2022
Annual gains in US home improvement and maintenance spending projected to decline from 17.4% in 2022 to 10.1% by Q2 2023; annual expenditures to expand to nearly US$450B in H1 2023: JCHS
July 21, 2022
Median US rental price grew 14.1% year-over-year to US$1,876 in June, 29.9% lower than monthly starter home payments; nearly 75% of the 50 largest metros favored renting, up from just under 50% in January: Realtor.com
July 21, 2022
Conference Board Leading Economic Index for US fell 0.8% in June from May to 117.1 compared to a 0.6% decline in May; decline driven by consumer pessimism about future conditions, moderating labor market conditions and weaker manufacturing new orders
July 21, 2022
Euro area government deficit-to-GDP ratio fell to 2.3% in Q1 from 3.4% in Q4; decrease due to stronger decrease in total expenditure compared to decrease in total revenue, influenced by policy responses to COVID-19 pandemic: Eurostat
July 21, 2022
Government debt in the euro area edged down to 95.6% of GDP in Q1 from 95.7% at the end of Q4; decrease due to an increase in GDP outweighing increase in government debt in absolute terms: Eurostat
July 20, 2022
World Economic Forum releases blueprint for equitable and inclusive AI; report proposes best practices for each step within AI development, but also gives a holistic approach that connects each stage to benefit the broader ecosystem
July 20, 2022
PulteGroup named among the 2022 Fortune 100 Best Workplaces for Millennials by Great Place to Work and Fortune for the second consecutive year, ranked in 33rd place, up from 54th place in 2021
July 20, 2022
US existing-home sales fell 5.4% in June from May to seasonally adjusted annual rate of 5.12 million; inventory of unsold homes increased 9.6% from May to 1,260,000, equal to 3.0 months of the monthly sales pace: NAR
July 20, 2022
Share of Redfin home offers that faced bidding wars fell to 49.9% in June from May's revised rate of 57.3%; Providence, Rhode Island and Boston, Massachusetts encountered highest competition rates at 77.6% and 71.7%, respectively
July 20, 2022
EU flash consumer confidence indicator for July fell 3.0 points from June to -27.3, euro area flash consumer confidence indicator down 3.2 points to -27.0; confidence score below previous minimum reached at start of COVID-19 pandemic: European Commission
July 19, 2022
UK employment rate estimated at 75.9% in quarter to July, up 0.4 percentage point quarter-over-quarter, 0.7 percentage point lower than pre-pandemic level; economic inactivity rate estimated at 21.1%, 0.4 percentage point lower than previous quarter: ONS
July 19, 2022
Number of UK payroll employees increased 31,000 in June from May; number of payroll employees at a record 29.6 million: ONS
July 19, 2022
Euro area annual inflation rate was 8.6% in June, up from 8.1% in May and 1.9% a year ago; highest contribution to the annual euro area inflation rate in June came from energy, up 4.19 percentage points: Eurostat
July 19, 2022
Privately‐owned US housing starts in June at seasonally adjusted annual rate of 1,559,000, down 2.0% from revised May level, down 6.3% annually; building permits up 1.4% annually to 1,685,000, completions up 4.6% to 1,365,000: Dept. of Commerce
July 19, 2022
Median weekly earnings of the 118.9 million US full-time wage and salary workers were US$1,041 in Q2, up 5.2% from a year earlier; women had median weekly earnings of US$943, or 82.4% of the US$1,144 median for men: BLS
July 18, 2022
US homes sales in June increased 4.7% month-over-month, median home price up 0.6% to US$428,000; for-sale home inventory rose 34.1% from May, up 27.5% year-over-year: Re/Max
July 18, 2022
Foreign buyers purchased US$59B worth of US existing homes from April 2021-March 2022, up 8.5% from prior 12-month period; foreign buyers bought 98,600 properties, down 7.9% from prior year and the lowest since 2009: NAR
July 18, 2022
Share of US homebuyers looking to move to a different metro at record 32.6% in Q2, up from 32.3% in Q1; San Francisco, Los Angeles and New York saw the most homebuyers looking to leave, while Miami and Tampa saw the highest inflow: Redfin
July 18, 2022
Median US home sale price up 12% year-over-year to US$393,449 in four-week period ended Jul. 10, asking price of new listings up 14% to US$397,475; new listings decreased 1.7%, total listings up 1.3%, largest increase since August 2019: Redfin
July 18, 2022
US builder confidence in market for newly built single-family homes fell twelve points to 55 in July, the seventh straight monthly decline; high inflation and increased interest rates dramatically slowed sales and buyer traffic: NAHB
July 15, 2022
2022 proxy season has already seen record-breaking 282 votes, 34 majorities votes favoring disclosure, action on ESG shareholder resolutions; trend aligns with polling that 85% of Americans want firms to disclose more about business practices: As You Sow
July 15, 2022
Climeworks signs new 10-year carbon removal offtake agreement with Microsoft to support Microsoft’s goal to be carbon negative by 2030 and remove all of its historic CO2 emissions by 2050; Climeworks to use technology-based carbon removal
July 15, 2022
Canadian home sales fell 5.6% in June from May, down by 23.9% year-over-year; newly listed properties increased 4.1% month-over-month in June, national average home price fell 1.8% year-over-year to C$665,850: CREA
July 15, 2022
Blackstone committed US$400M to lead strategic investment in Xpansiv Limited; Xpansiv provides market data for voluntary carbon offsets, renewable energy credits and low-carbon fuels
July 15, 2022
Euro area international trade in goods recorded a deficit of €26.3B in May compared with a surplus of €12.0B in May 2021; exports of goods up 28.9% year-over-year to €248.5B, imports gain 52.0% to €274.8B: Eurostat
July 14, 2022
US 30-year fixed-rate mortgage averaged 5.51% in week ended Jul. 14, up from 5.30% last week; 30-year FRM averaged 2.88% a year ago: Freddie Mac
July 14, 2022
US Producer Price Index for final demand increased 1.1% in June, seasonally adjusted led by a 2.4% increase in prices for final demand goods; final demand index increased 11.3% year-over-year: BLS
July 14, 2022
US unemployment insurance claims in week ended Jul. 9 up 9,000 to 244,000, four-week moving average up 3,250 to 235,750; total continued weeks claimed for benefits up 72,504 to 1.4 million in week ended Jun. 25: Dept. of Labor
July 14, 2022
Canada's investment in building construction fell 0.2% to C$20.6B in May as residential sector was largely flat at US$15.4B, non-residential sector down 0.9% to US$5.2B; investment in single-family homes fell 2.5%, multifamily up 3.4%: Statistics Canada
July 14, 2022
Canada's manufacturing sales fell 2.0% to C$71.6B in May led by motor vehicle, primary metal, miscellaneous industries; total inventories up 1.6% to C$113.9B, higher inventories in machinery, motor vehicle, petroleum and coal industries: Statistics Canada
July 13, 2022
US commercial crude oil inventories in week ended Jul. 8 increased by 3.3 million barrels from the previous week to 427.1 million barrels; inventories are about 5% below the five year average for this time of year: EIA
July 13, 2022
Euro area industrial production rose by 0.8% in May from April; production increased by 1.6% year-over-year: Eurostat
July 13, 2022
Bank of Canada increased its target for the overnight rate to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.5%; the Bank is continuing its policy of quantitative tightening
July 13, 2022
US Consumer Price Index in June increased 1.3% on a seasonally adjusted basis, led by gains in the indexes for gasoline, shelter and food; all items index increased 9.1% year-over-year: BLS
July 13, 2022
Real average hourly earnings for all US employees decreased 1.0% from May to June; earnings decreased 3.6%, seasonally adjusted, from June 2021 to June 2022: BLS
July 12, 2022
Support for small Canadian businesses strong despite challenging economic conditions, consumers spend 30% of budget at small businesses; factors that influence consumers to support a business include sustainability, social responsibility, diversity: RBC
July 12, 2022
US natural gas spot price at Henry Hub averaged US$6.07/MMBtu in H1 2022 and US$7.70/MMBtu June; Henry Hub price expected to average US$5.97/MMBtu in H2 2022 and US$4.76/MMBtu in 2023: EIA
July 12, 2022
US average on-highway diesel fuel price in week ended Jul. 11 decreased to US$5.568/gallon from US$5.675/gallon last week; average regular gasoline price decreased to US$4.646/gallon from US$4.771/gallon: EIA
July 11, 2022
GlobalData cuts Asia-Pacific's 2022 growth forecast to 3.9% from 4.7% on China’s zero-COVID policy, Ukraine war, tight monetary conditions; India to be fastest growing economy at 6.8%, followed by Philippines at 6.7%, Malaysia at 6.5%, Indonesia at 5.3%
July 11, 2022
US median monthly asking rent in June up 14.0% annually to US$2,016, up 0.7% month-over-month; only three metro areas saw declines in rents, down 12% in Milwaukee, 7% in Minneapolis and less than 1% in Kansas City: Redfin
July 11, 2022
US national gas price average down 12 cents to US$4.67 in week ended Jul. 11, down 32 cents month-over-month; drop in price despite slight rise in demand as price for oil declined: AAA
July 11, 2022
Roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes under contract and the highest share since April 2020; rising mortgage rates forcing many buyers to cancel purchases: Redfin
July 11, 2022
Average price of US coal exports during Q1 was US$184.49/short ton, while average price of US coal imports was US$86.50/short ton; Q1 coal production rose 1.7% from Q4, exports decreased 7.2%: EIA
July 8, 2022
Loss of nature is pushing nations towards sovereign credit downgrades, debt crises; world’s first biodiversity-adjusted sovereign credit ratings show how ecological destruction affects public finances, even examining only fisheries, timber, pollinators
July 8, 2022
ABB, SKF enter into MoU to explore collaboration in the automation of manufacturing processes; as a first step, SKF’s investments in automation, clean manufacturing processes will act as a testbed, focused on decreasing CO2 emissions from its operations
July 8, 2022
Number of additional UK businesses created during the pandemic could add £20B to the economy; around 800,000 companies were registered in the first year of the pandemic, up 22% year-over-year: CBI
July 8, 2022
KPMG and REC UK Report on Jobs in June shows softest expansion of permanent staff appointments, temp billings for 16 months; candidate shortages limited hiring activity, slower client decision-making due to economic uncertainty dampened growth: S&P Global
July 8, 2022
US average on-highway diesel fuel price in week ended Jul. 4 decreased to US$5.675/gallon from US$5.783/gallon last week: EIA
July 7, 2022
LGI Homes reports 627 home closings in June, ending Q2 with 2,027 closings; company had 92 active selling communities as of Jun. 30
July 7, 2022
US trade deficit in May totaled US$85.5B, down US$1.1B from April's revised US$86.7B; May exports up US$3.0B to US$255.9B, imports up US$1.9B to US$341.4B: Dept. of Commerce
July 7, 2022
US-based employers announced a total of 77,515 job cuts in Q2, 14% higher than the cuts announced in the same quarter last year; employers announced 32,517 cuts in June, up 57% from May and up 58.8% year-over-year: Challenger, Gray & Christmas
July 7, 2022
US 30-year fixed-rate mortgage averaged 5.30% in week ended Jul. 7, down from 5.70% last week; 30-year FRM averaged 2.90% a year ago: Freddie Mac
July 7, 2022
Fannie Mae Home Purchase Sentiment Index decreased 3.4 points to 64.8 in June; those saying it is a bad time to buy decreased to 75% from 79% in May, share saying it is a good time to sell decreased to 68% from 76%
July 6, 2022
Number of US job openings decreased to 11.3 million on last day of May, hires and total separations little changed at 6.5 million, 6.0 million respectively; quits little changed at 4.3 million, layoffs and discharges little changed at 1.4 million: BLS
July 6, 2022
S&P Global US Services PMI in June fell to 52.7 from 53.4 in May as price pressures, economic uncertainty dampened demand; firms highlighted negative impact of inflation on business activity and new orders, as well as contraction in new export orders
July 6, 2022
J.P.Morgan Global Composite PMI rose to 53.5 in June from 51.3 in May led by easing of COVID-19 restrictions in China; new order growth fell to near two-year low, international trade declined and business confidence reached its lowest since September 2020
July 6, 2022
Paychex | IHS Markit Small Business Jobs Index decreased slightly in June from May, down 0.06% to 100.81 as businesses continued to add jobs and wages continued to grow at a strong rate; average hourly earnings growth was 5.10% compared to 5.16% in May
July 6, 2022
CoreLogic US Home Price Index up by 20.2% year-over-year in May; annual gains are projected to slow to 5% by May 2023 due to rising mortgage rates and affordability challenges
July 5, 2022
New orders for US manufactured durable goods in May increased by US$2.1B, or 0.8%, to US$267.5B; shipments up 1.4% to US$268.5B, inventories rose 0.6% to US$482.8B: Dept. of Commerce
July 5, 2022
US national gas price average down 8 cents to US$4.80 in week ended Jul. 5, down 4 cents month-over-month; drop in price due to lower demand as fewer people fueled up over past two weeks, nearly 80% of stations selling regular for under US$5 a gallon: AAA
July 5, 2022
Canada's value of building permits rose 2.3% to C$12.1B in May, as non-residential sector up 7.0% to US$4.3B while residential sector fell 0.1% to US$7.8B; single-family permits up 7.0% to C$3.3B, multifamily permits down 5.9% to C$3.5B: Statistics Canada
July 5, 2022
S&P Global/CIPS UK Services PMI Business Activity Index at 54.3 in June, up from 53.4 in May; new orders rose to smallest extent since February 2021 as cost of living concerns, pessimism about economic outlook led to subdued spending
July 5, 2022
S&P Global Eurozone Composite PMI in June registered 52.0, down from 54.8 in May due to weaker rise in service sector activity, first reduction in output in two years; factory order book volumes fell at steepest rate since May 2020
July 1, 2022
CME Group to add two new futures contracts to its voluntary carbon products; CBL N-GEO Trailing, CBL C-GEO Trailing futures contracts will be available for trading on Aug. 8, 2022 pending regulatory review, N-GEO Trailing spot contract on Jul. 18, 2022
July 1, 2022
US disposable personal income up 0.5% in May, personal consumption expenditures up 0.2%; monthly changes reflected increase in compensation and proprietors' income that were partly offset by decrease in government social benefits: Dept. of Commerce
July 1, 2022
J.P.Morgan Global Manufacturing PMI in June fell to 22-month low of 52.2 from 52.3 in May; weaknesses remained despite easing COVID-19 restrictions in China, include slower growth of new order intakes, inflationary pressure, stretched global supply chains
July 1, 2022
Japan Manufacturing PMI falls to 52.7 in June from 53.3 in May; weaker reading due to near-stagnation of new orders, slowdown in demand linked to rising prices and weaker client confidence due to sustained material shortages, delivery delays: S&P Global
July 1, 2022
S&P Global ASEAN Manufacturing PMI registered at 52.0 in June, down from May's reading of 52.3 as growth in output and new orders quickened; manufacturing firms reported renewed contractions in buying activity, employment
June 30, 2022
About 50% of CEOs surveyed have strong or very strong expectations about their organization's growth over next 12 months, down from 65% in June 2021; over 80% expect inflation to influence, disrupt business strategies, surpassing labor shortages: Deloitte
June 30, 2022
Euro area unemployment at 6.6% in May, down from 6.7% in April and down from 8.1% in May 2021; an estimated 11.004 million in the euro area were unemployed in May: Eurostat
June 30, 2022
US 30-year fixed-rate mortgage averaged 5.70% in week ended Jun. 30, down from 5.81% last week; 30-year FRM averaged 2.98% a year ago: Freddie Mac
June 30, 2022
Labor productivity rose in 24 of 30 selected US service-providing industries in 2021, following increases in 17 of 30 industries in 2020; output up in 27 industries compared to 11 in 2020, hours worked up in 18 industries from 6 in 2020: BLS
June 30, 2022
US unemployment insurance claims in week ended Jun. 25 decreased by 2,000 to 231,000, four-week moving average increased 7,250 to 231,750; total continued weeks claimed for benefits up 17,678 to 1.3 million in week ended Jun. 11: Dept. of Labor
June 29, 2022
US commercial crude oil inventories in week ended Jun. 24 decreased by 2.8 million barrels from the previous week to 415.6 million barrels; inventories are about 13% below the five year average for this time of year: EIA
June 29, 2022
US real GDP decreased at an annual rate of 1.6% in Q1, down from a prior estimate of a 1.5% decline; downward revision to personal consumption expenditures was partly offset by upward revision to private inventory investment: Dept. of Commerce
June 29, 2022
European Commission's Economic Sentiment Indicator in June edged up 0.1 point from May to 105.0 in euro area; industry confidence weakened due to sharpest deterioration in managers' assessments of current level of order books in two years
June 29, 2022
US unemployment rates in May were lower than a year earlier in 385 of the 389 metro areas, higher in 2 areas and unchanged in 2 areas; nonfarm payroll employment increased over the year in 122 metro areas and was essentially unchanged in 267 areas: BLS
June 28, 2022
Century Communities expands presence in San Antonio and Cibolo, Texas with six new communities; communities will offer array of single-family homes from the upper US$200s, will feature Century Home Connect smart home package
June 28, 2022
US home prices rose 2.1% in April over March, up 20.4% year-over-year; annual gain is slightly lower than the 20.6% increase in the previous month: S&P CoreLogic Case-Shiller Index
June 28, 2022
Conference Board Consumer Confidence Index fell to 98.7 in June from 103.2 in May; consumers’ assessment of current business, labor market conditions decreased to 147.1 from 147.4, Expectations Index fell to 66.4 from 73.7, lowest level since March 2013
June 27, 2022
Pending US home sales edged up in May, up 0.7% from April to 99.9 on NAR's index, down 13.6% year-over-year; largest decline observed in the West region where homes are most expensive
June 27, 2022
US national gas price average down 9 cents to US$4.89 in week ended Jun. 27, up 30 cents month-over-month; drop in price as economic fears of a potential global recession led to a decrease in demand for oil: AAA
June 27, 2022
UK private sector activity declined sharply in the three months to June, led by consumer services sector; manufacturing was the only sector to see a solid rise in output: CBI
June 27, 2022
Century Communities expands presence in Jarrell, Texas with 220 new homes for sale at Eastwood at Sonterra community; will offer single, two-story floor plans with 3 to 5 bedrooms and 2 to 3.5 bathrooms, up to 2,399 sq. ft.
June 27, 2022
New orders for US manufactured durable goods in May rose US$1.9B, or 0.7%, to US$267.2B; shipments up 1.3% to US$268.4B, inventories gained 0.6% to US$482.7B: Dept. of Commerce
June 24, 2022
Redfin Homebuyer Demand Index drops 16% year-over-year in week ended Jun. 19, the largest decline since April 2020; pending sales were down 10% while active listings fell 5%: Redfin
June 24, 2022
Sales of new US single‐family houses in May at seasonally adjusted annual rate of 696,000, up 10.7% from revised April rate, down 5.9% year-over-year; median sales price was US$449,000, inventory at end of May was 444,000: Dept. of Commerce
June 24, 2022
University of Michigan's Index of Consumer Sentiment posts final June reading of 50.0, down from May's 58.4; about 79% of consumers expected bad times in year ahead for business conditions, highest since 2009 as inflation remains key concern for consumers
June 24, 2022
Canada's payroll employment rose by 126,000, or 0.7% in April led by gains across all provinces except for Quebec; average weekly earnings unchanged from March at C$1,170: Statistics Canada
June 24, 2022
UK retail sales volumes fell by 0.5% in May from April, up 2.6% from pre-pandemic level; the largest contribution to the monthly decrease came from food stores, down 1.6% month-over-month due to rising food prices, cost of living: ONS
June 23, 2022
KB Home's Q2 net income up 47% annually to US$210.7M on revenues up 19% to US$1.72B, delivered homes essentially even at 3,469; net orders fell 9% to 3,914 due to lower monthly net orders per community, partly offset by rise in average community count
June 23, 2022
US 30-year fixed-rate mortgage averaged 5.81% in week ended Jun. 23, up from 5.78% last week; 30-year FRM averaged 3.02% a year ago: Freddie Mac
June 23, 2022
US current account deficit widened by 29.6% to US$291.4B in Q1, reflecting an increased deficit on goods; Q1 deficit was 4.8% of current GDP, up from 3.7% in Q4: Dept. of Commerce
June 23, 2022
US unemployment insurance claims in week ended Jun. 18 down 2,000 to 229,000, four-week moving average up 4,500 to 223,500; total continued weeks claimed for benefits up 14,479 to 1.3 million in week ended Jun. 4: Dept. of Labor
June 23, 2022
Number of Canadians receiving regular Employment Insurance benefits decreased by 20,000 in April to 496,000; decreases in eight provinces led by British Columbia, Alberta, Nova Scotia and Prince Edward Island: Statistics Canada
June 22, 2022
Median US rental price up 23.2% year-over-year to US$1,849 in May, the tenth consecutive month of double-digit annual growth; largest annual rental price gains were registered in Miami, Orlando, Providence, San Diego, and Tampa: Realtor.com
June 22, 2022
EU flash consumer confidence indicator for June decreased 1.9 points from May to -24.0, while euro area flash consumer confidence indicator fell 2.4 points to -23.6, below long-term average of -10.6 for EU and -11.0 for euro area: European Commission
June 22, 2022
US state personal income increased 4.8% at an annual rate in Q1, up from a 3.6% increase in Q4 2021; the change in personal income across all states ranged from 8.5% in South Dakota to 1.3% in Hawaii: Dept. of Commerce
June 22, 2022
Canada's Consumer Price Index in May rose 1.4% month-over-month, up 6.3% annually compared to 5.8% in April; increase largely driven by higher prices for gasoline and services, such as hotels and restaurants: Statistics Canada
June 22, 2022
Potential US existing-home sales in May fell 2.0% month-over-month to 5.62 million seasonally adjusted annualized rate; market potential for home sales 2.5% higher than pre-pandemic level: First American
June 21, 2022
UCLA: Most major US cities underprepared for rising temperatures, as study finds 78% of cities' climate plans mention heat as a problem, but few offer strategy to address it; research finds heat leads to more preterm births, increases worker injury risk
June 21, 2022
New measures in the UK will require pension schemes to measure and publish how their investments support the Paris Agreement climate goal of limiting global warming to 1.5 degrees Celsius above pre-industrial levels
June 21, 2022
Freddie Mac's Multifamily Apartment Investment Market Index fell 5.3% in Q1, down 6.1% annually; multifamily property price growth, higher mortgage rates offset rise in net operating income
June 21, 2022
US national gas price average down 5 cents to US$4.96 in week ended Jun. 21, up 37 cents month-over-month; decrease led by a decline in the price of oil from US$122 to around US$110 per barrel as fears of a global recession, economic slowdown grow: AAA
June 21, 2022
Lennar reports Q2 net earnings of US$1.3B, up from year-ago US$831.4M on revenues up 30% to US$8.4B, new orders up 4% to 17,792 homes; chairman says effects of doubling interest rates over six months, accelerated price appreciation dampened buyer demand
June 20, 2022
GlobalData: India poised to become semiconductor powerhouse in next decade and set to be strong alternative to China; India's government aims to build semiconductor ecosystem by focusing on chipset assembly, packaging, manufacturing, other initiatives
June 17, 2022
US House representative introduces two workplace bills; Accountability for Workplace Misconduct Act would rein in the abuse of NDAs, Professional Images Protection Act would protect employees from illegitimate use of their professional images by employers
June 17, 2022
US homes sales in May increased 5.8% month-over-month, median home price up 1.2% to US$430,000 from US$425,000; for-sale home inventory rose 16.3% in April, up 2.2% year-over-year: Re/Max
June 17, 2022
Share of Redfin home offers that faced bidding wars fell to 57.8% in May from April's revised rate of 60.9%; Worcester, Massachusetts and Las Vegas, Nevada had highest bidding-war rates at 81.8% and 74.5%, respectively
June 17, 2022
Share of US homes for sale with a price drop rose to 22.4% in four-week period ended Jun. 12; new listings down 1.0% from year ago, pending sales down 8.0%: Redfin
June 17, 2022
Conference Board Leading Economic Index for US decreased 0.4% in May from April to 118.3, compared to a 0.4% decline in April; negative contributions driven by decline in stock prices, slowdown in housing construction, consumer expectations
June 16, 2022
GlobalData lowers 2022 US GDP growth rate forecast to 2.7% from 3.6% after Fed approves largest rate hike since 1994; central banks of major economies expected to maintain hawkish stance, and more rate hikes are likely until inflationary pressure reduces
June 16, 2022
Euro area annual growth in labor costs at 3.2% in Q1; costs of wages and salaries per hour worked grew by 2.7%, while non-wage component rose by 4.8%: Eurostat
June 16, 2022
Privately‐owned US housing starts in May at seasonally adjusted annual rate of 1,549,000, down 14.4% from revised April level, down 3.5% annually; building permits up 0.2% annually to 1,695,000, completions up 9.1% to 1,465,000: Dept. of Commerce
June 16, 2022
US 30-year fixed-rate mortgage averaged 5.78% in week ended Jun. 16, up from 5.23% last week; 30-year FRM averaged 2.93% a year ago: Freddie Mac
June 16, 2022
US employer costs for employee compensation for civilian workers averaged US$40.90 per hour worked in March; wages and salaries cost employers US$28.16 while benefit costs were US$12.74: BLS
June 15, 2022
Canadian home sales fell 8.6% in May from April, down by 21.7% year-over-year; newly listed properties increased 4.5% month-over-month in May, national average home price up 3.4% year-over-year to C$711,000: CREA
June 15, 2022
Real estate investors bought 77,829 US homes in Q1, down 11.5% from Q4 as surging borrowing costs, home prices restricted home sales; typical home purchased sold for US$427,174, up from US$372,076 a year ago: Redfin
June 15, 2022
Share of US homebuyers looking to move to a different metro was 32.3% in May, up from pre-pandemic level of 26%; San Francisco, Los Angeles and New York saw the most homebuyers looking to leave, while Miami and Tampa saw the highest inflow: Redfin
June 15, 2022
US builder confidence in market for newly built single-family homes fell two points to 67 in June, the sixth straight monthly decline; housing market facing demand and supply side challenges, residential construction material costs up 19% annually: NAHB
June 15, 2022
Conference Board Leading Economic Index down 0.3% in May to 115.3 following no change in April; decline suggests economic growth may slow further amid downside risks from rising energy prices, supply chain disruptions linked to Ukraine war
June 14, 2022
Taylor Morrison commenced a cash tender offer to purchase any and all of its outstanding 6.625% senior notes due 2027
June 14, 2022
US Producer Price Index for final demand increased 0.8% in May, seasonally adjusted led by a 1.4% increase in prices for final demand goods; final demand index increased 10.8% year-over-year: BLS
June 14, 2022
Canada's manufacturing sales up 1.7% to C$72.3B in April led by petroleum and coal, motor vehicle and primary metal; total inventories up 2.3% to C$111.8B on higher inventories of machinery, chemical and miscellaneous manufacturing: Statistics Canada
June 14, 2022
Number of UK payroll employees increased 90,000 in May from April; number of payroll employees at a record 29.6 million: ONS
June 14, 2022
UK employment rate estimated at 75.6% in quarter to June, up 0.2 percentage point quarter-over-quarter, 0.9 percentage point lower than pre-pandemic level; economic inactivity rate estimated at 21.3%, 0.1 percentage points lower than previous quarter: ONS
June 13, 2022
Average US homeowner gained US$63,600, or 32.2%, in home equity year-over-year in Q1; total number of mortgaged homes in negative equity down 23.0%, or 300,000 properties, to 1.4 million homes: CoreLogic
June 13, 2022
US national gas price average surged 15 cents to US$5.01 in week ended Jun. 13, up 58 cents month-over-month; increase was led by robust domestic gasoline demand amid the summer driving season: AAA
June 13, 2022
KPMG and REC UK Report on Jobs in May shows further slowdown in hiring activity, as recruiters noted softest upturns in permanent placements, temp billings since early 2021; candidate availability continued to fall sharply: S&P Global
June 13, 2022
US homebuyer budgets essentially flat year-over-year and up 0.3% in three months ending April 30, the slowest growth since June 2020; with a 5.2% interest rate, buyers with a US$2,500 monthly housing budget will be able to afford a US$427,250 home: Redfin
June 13, 2022
Canada's investment in building construction up 2.7% to C$20.9B in April as residential and non-residential sectors rose 3.2% and 1.4%, respectively; investment in single-family homes increased 4.5%, multifamily up 1.5%: Statistics Canada
June 10, 2022
Share of US homes for sale with a price drop rose to 21.2% in the four-week period ended Jun. 5, the highest share since October 2019 and up from 10.3% a year ago; new listings down 1.0% from year ago, pending sales down 8.0%: Redfin
June 10, 2022
Sales of US luxury homes down 17.8% year-over-year during three months ending Apr. 30 amid extreme shortage of high-end properties for sale, sales of non-luxury homes fell 5.4%; median sale price of luxury homes up 19.8% year-over-year to US$1.15M: Redfin
June 10, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary June level of 50.2, down from May's 58.4; all components of sentiment index fell with steepest decline in year-ahead outlook in business conditions, down 24% month-over-month
June 10, 2022
Canadian industries operated at 82.0% of production capacity in Q1; gains in construction, electric power generation, transmission and distribution, manufacturing offset by mining, quarrying, oil and gas extraction, forestry and logging: Statistics Canada
June 10, 2022
Canada's net foreign asset position reached C$1.2T in Q1, a decrease of C$352.6B from Q4; decline driven by revaluation effect resulting from market price changes, down US$248.1B: Statistics Canada
June 9, 2022
US median monthly asking rent in May up 15.2% annually to a record US$2,002, up 2.0% month-over-month; rising mortgage rates forcing would-be buyers to continue renting: Redfin
June 9, 2022
US teens aged 16 to 19 gained 153,000 jobs in May, down 30% year-over-year, lowest May total since 2018 when 130,000 jobs were added; retail employment fell by 61,000 jobs, over half of losses in general merchandising stores: Challenger, Gray & Christmas
June 9, 2022
US 30-year fixed-rate mortgage averaged 5.23% in week ended Jun. 9, up from 5.09% last week; 30-year FRM averaged 2.96% a year ago: Freddie Mac
June 9, 2022
US unemployment insurance claims in week ended Jun. 4 up 27,000 to 229,000, four-week moving average increased by 8,000 to 215,000; total continued weeks claimed for benefits down 35,619 to 1.3 million in week ended May 21: Dept. of Labor
June 8, 2022
CoreLogic US Home Price Index up by a record 20.9% year-over-year in April, the 123rd consecutive month of annual home price increases; annual gains are projected to slow to around 5.6% by April 2023 due to higher mortgage rates
June 8, 2022
Real US house prices up 6.7% in March from February, up 32.5% year-over-year; consumer house-buying power down 4.6% from February, down 8.3% annually, decline in affordability led by higher nominal house prices, 30-year fixed mortgage rate: First American
June 8, 2022
US commercial crude oil inventories in week ended Jun. 3 increased by 2.0 million barrels from the previous week to 416.8 million barrels; inventories are about 15% below the five year average for this time of year: EIA
June 8, 2022
US wholesale sales in April add 0.7% to US$691.6B from revised March level, up 20.9% from revised April 2021 level; inventories rise 2.2% in April to US$861.8B, up 24.0% year-over-year: Dept. of Commerce
June 8, 2022
LGI Homes opening new section at Wedgewood Forest community in north Houston by Land Tejas; will build 93 single-family homes, offering five brand-new floor plans ranging in size from 1,631 sq. ft. with three bedrooms to 2,661 sq. ft. with five bedrooms
June 7, 2022
Share of housing experts polled who do not believe housing market is in a bubble at 60% while 32% do; home price growth forecasts raised for 2022 as demand remains strong, short recession expected by 2024 as US Fed works to control inflation: Zillow
June 7, 2022
US single-family homebuilding growth in Q1 fell year-over-year in small and large metro urban, suburban, rural regional submarkets as construction costs rise; multifamily growth in large population centers rebound from negative growth to sharp gains: NAHB
June 7, 2022
US trade deficit in April totaled US$87.1B, down US$20.6B from March's revised US$107.7B; April exports up US$8.5B to US$252.6B, imports down US$12.1B to US$339.7B: Dept. of Commerce
June 7, 2022
Fannie Mae Home Purchase Sentiment Index edged down 0.3 points to 68.2 in May; those saying it is a bad time to buy up to 79% from 76% in April, share saying it is a good time to sell increased to 76% from 72%
June 7, 2022
Canada's retail sales reached C$59.2B in March, up 4.2% year-over-year; largest contribution to increase came from sales of automotive and household fuels, up 46.1% year-over-year: Statistics Canada
June 6, 2022
Verra CEO says organizations in voluntary carbon market must work together to ensure integrity, transparency and clear confusion; voluntary carbon markets supplemental to government regulations enabling corporations, individuals to scale up climate action
June 6, 2022
Caixin China General Services PMI in May up to 41.4 from 36.2 in April, third consecutive monthly decline in services activity; decline due to measures to contain rise in COVID-19 cases, companies continue to trim staff levels despite higher work backlogs
June 6, 2022
J.P.Morgan Global Composite PMI edged up to 51.5 in May from 51.2 in April, led by easing of COVID-19 restrictions in China; global manufacturing production down for second consecutive month, growth in service sector activity at April's three-month low
June 6, 2022
LGI Homes reported 697 home closings in May, with 91 active selling communities
June 6, 2022
Median US home price with high fire risk at US$550,500 in April compared to US$431,300 for low risk homes, a 27.6% premium and largest since 2017; premium for high-risk homes surged during pandemic as people looked to move to rural, suburban areas: Redfin
June 3, 2022
GE Digital recognized as a leader in 2022 Gartner Magic Quadrant for its Proficy Smart Factory software solution; recognition confirms GE’s ability to deliver improved efficiency, higher quality and reduced waste to manufacturers, says company official
June 3, 2022
US pending home sales fell 8% in the four-week period ended May 29, the largest decrease since May 2020; new listings of homes for sale were flat from a year ago, active listings fell 10%: Redfin
June 3, 2022
Euro area seasonally adjusted volume of retail trade decreased by 1.3% in April over March, increased by 3.9% year-over-year: Eurostat
June 3, 2022
Total US nonfarm payroll employment rose by 390,000 in May, unemployment rate unchanged at 3.6%; job growth led by leisure and hospitality, professional and business services, transportation and warehousing: BLS
June 3, 2022
S&P Global Eurozone Composite PMI in May fell to 54.8 from 55.8 in April led by the service sector; manufacturing was restrained by supply-chain disruptions, conflict in Ukraine and weak demand
June 2, 2022
US median home price rose 17.6% year-over-year to a record US$447,000 in May; new listings rose 6.3% while active listings increased 8.0%, a typical home sold in 31 days, 6 days faster than in May 2021: Realtor.com
June 2, 2022
Industrial producer prices rose by 1.2% in the euro area in April over March, up by 37.2% year-over-year: Eurostat
June 2, 2022
US job cuts decreased 14.7% in May to 20,712 from 24,286 in April, 15.8% lower year-over-year; companies announced plans to hire 126,083 workers to their payrolls: Challenger, Gray & Christmas
June 2, 2022
US nonfarm business sector labor productivity decreased 7.3% in Q1, the largest decline since Q3 1947; output decreased 2.3% and hours worked increased 5.4%: BLS
June 2, 2022
New orders for US manufactured durable goods in April increased 0.5% to US$265.5B, following a 0.7% March increase; shipments increased 0.1% to US$264.4B, inventories rose 0.8% to US$479.7B: Dept. of Commerce
June 1, 2022
Number of US job openings decreased to 11.4 million on last day of April, hires and total separations little changed at 6.6 million, 6.0 million respectively; quits little changed at 4.4 million, layoffs and discharges down to 1.2 million, series low: BLS
June 1, 2022
US construction spending in April estimated at seasonally adjusted annual rate of US$1.74T, edging up 0.2% from March's revised level; private construction gained 0.5% to US$1.39T, residential construction rises 0.9% to US$891.5B: Dept. of Commerce
June 1, 2022
Caixin China General Manufacturing PMI up to 48.1 in May from 46.0 in April, the third consecutive monthly deterioration in business conditions; firms registered slower reduction in purchasing activity as supply chain delays remained severe: IHS Markit
June 1, 2022
S&P Global Eurozone Manufacturing PMI in May fell to 54.6 from 55.5 in April; manufacturing new orders fell for first time since June 2020, business confidence among lowest over past two years amid concerns about prices outlook, supply chains and demand
June 1, 2022
S&P Global / CIPS UK Manufacturing PMI in May fell to 54.6 from 55.8 in April; decline driven by weaker growth of domestic demand, lower intakes of new export work, ongoing supply chain disruptions, rising cost pressures and the war in Ukraine
May 31, 2022
D.R. Horton completes tender offer for shares of Vidler Water Resources, now owns 77.8% of Vidler's outstanding shares; shares not tendered into offer were cancelled and converted into right to receive cash equal to offer price per share of US$15.75
May 31, 2022
Toll Brothers' fiscal Q2 net income up 72.5% to US$220.6M from year ago on home sales revenue up 19% to US$2.2B, contracted homes down 18% to 2,874; CEO projects full year revenue growth of 20% based on a record backlog of US$11.7B and 11,768 homes
May 31, 2022
Taylor Morrison increases amount available for repurchases under its stock repurchase program to US$500M from US$250M of its common stock; repurchases will occur through Dec. 31, 2023
May 31, 2022
Carbon Credit Quality Initiative--led by Environmental Defense Fund, WWF, Oeko-Institut--launches interactive tool to score carbon credit quality; early scoring confirms market has 'both wheat and chaff', tool aims to help consumers tell the difference
May 31, 2022
US home prices rose 2.6% in March over February, up 20.6% year-over-year; annual gain is higher than the 20.0% increase in the previous month: S&P CoreLogic Case-Shiller Index
May 27, 2022
UK business, professional services optimism fell in quarter to May at fastest pace since November 2020, employment expected to rise at same pace in quarter to August; consumer services' employment up, stronger employment expected in quarter to August: CBI
May 27, 2022
US disposable personal income up 0.3% in April, personal consumption expenditures up 0.9%; monthly changes reflect increase in compensation and personal income receipts on assets that were partly offset by decline in proprietors' income: Dept. of Commerce
May 27, 2022
University of Michigan's Index of Consumer Sentiment posts final May reading of 58.4, down from April's 65.2; falling optimism largely driven by continued negative views on current buying conditions for houses and durables, future outlook for the economy
May 26, 2022
US real GDP in Q1 decreased at annual rate of 1.5%, revised from prior 1.4% estimate; update reflects downward revisions to private inventory investment and residential investment partly offset by an upward revision to consumer spending: Dept. of Commerce
May 26, 2022
Canada's retail sales virtually unchanged at C$60.1B in March, as higher sales at gasoline stations were offset by lower sales at motor vehicle and parts dealers; retail sales decreased 1.0% in volume terms: Statistics Canada
May 26, 2022
Canada's payroll employment rose by 118,100, or 0.7% in March led by gains in Quebec; average weekly earnings increased 0.9% month-over-month to C$1,170 in March: Statistics Canada
May 26, 2022
US labor productivity in the private nonfarm sector up in 39 states and DC in 2021; output rose in all 50 states and DC, hours worked up in all 50 states but down in DC, as Washington and New Hampshire experienced highest growth in labor productivity: BLS
May 26, 2022
Voice phishing cases up almost 550% over last 12 months; social media impersonations of brands and executives are on the rise, and credential theft email scams continue to be most common email threat type reported by employees: report
May 25, 2022
Verra, which operates Verified Carbon Standard Program, prohibits creating of instruments or tokens based on retired credits; it will explore 'immobilizing' credits in Verra Registry accounts so they can be tokenized with transparency, traceability
May 25, 2022
Median US single-family square floor area decreased to 2,310 sq. ft. in Q1, reflecting pandemic impact's on residential space; on a one-year moving average, median size of new single-family homes is now 6.3% higher at 2,537 sq. ft.: NAHB
May 25, 2022
New orders for US manufactured durable goods in April rose US$1.2B, or 0.4%, to US$265.3B; shipments up 0.1% to US$264.3B, inventories gain 0.8% to US$479.4B: Dept. of Commerce
May 25, 2022
Employment increased year-over-year in 334 of the 343 largest US counties in Q4 as national employment increased 5.2% to 148.3 million; Nevada had the largest annual employment increase with a gain of 13.3%: BLS
May 25, 2022
US commercial crude oil inventories in week ended May 20 decreased by 1.0 million barrels from the previous week to 419.8 million barrels; inventories are about 14% below the five year average for this time of year: EIA
May 24, 2022
S&P Global Flash Eurozone PMI in May down to 54.9 from 55.8 in April, rate of growth remained well above long-run average; prices charged for goods, services rose at second-highest rate recorded by survey
May 24, 2022
S&P Global/CIPS Flash UK Composite PMI in May fell sharply to 51.8 from 58.2 in April; escalating inflationary pressures, heightened geopolitical uncertainty due to conflict in Ukraine negatively impacted client demand
May 24, 2022
S&P Global Flash US Composite PMI in May fell to 53.8 from 56.0 in April; softer upturns in output amid elevated inflationary pressures, further deterioration in supplier delivery times and weaker demand growth
May 24, 2022
US house prices in October increase 1.1% over September and 17.4% year-over-year; large market appreciations peaked in July, have been declining over last four consecutive months: FHFA
May 24, 2022
Sales of new US single‐family houses in April at seasonally adjusted annual rate of 591,000, down 16.6% from revised March rate, down 26.9% year-over-year; median sales price was US$450,600, inventory at end of April was 444,000: Dept. of Commerce
May 23, 2022
GlobalData: Battery industry revenues set to exceed US$168B by 2030, from US$55B in 2020, but severe global shortages highly likely from 2025; battery recycling is imperative to minimize environmental impact, prevent depletion of finite natural resources
May 23, 2022
UK's proportion of workers in hybrid working rises to 24% in May from 13% in early February; proportion of hybrid working has been increasing in 2022, with patterns shifting in favor of spending most working hours at home: ONS
May 23, 2022
US national gas price average of US$4.59 in week ended May 23 is up 47 cents month-over-month; increase reflects elevated oil costs due to Russia's invasion of Ukraine, rising seasonal gas demand: AAA
May 23, 2022
WTO Goods Trade Barometer shows continued slow growth in merchandise trade in H1 due to conflict in Ukraine, pandemic lockdowns in China; sharp rises in food and energy prices, disrupted production have short-circuited anticipated upturn in trade
May 20, 2022
US Dept. of Energy allocates US$7M to expand the Industrial Assessment Center program, a cohort of colleges and universities that help small- and medium-sized manufacturers save energy, improve productivity and reduce waste via free technical assessments
May 20, 2022
Potential US existing-home sales in April fell 3.0% month-over-month to 5.74 million seasonally adjusted annualized rate; house-buying power fell US$77,000, reduced housing market potential by nearly 380,000 potential home sales: First American
May 20, 2022
Share of US homes for sale with a price drop rose to 17.8% in four-week period ended May 15, the highest level in two and a half years and up from 9.5% year ago; new listings down 0.6% from year ago, pending sales down 6%: Redfin
May 20, 2022
EU flash consumer confidence indicator for May edged down 0.4 points from April, while euro area flash consumer confidence indicator rose 0.9 points, remains well below its long-term average: European Commission
May 20, 2022
US existing-home sales fell 2.4% in April from March to seasonally adjusted annual rate of 5.61 million; inventory of unsold homes increased 10.8% from March to 1,030,000, equal to 2.2 months of the monthly sales pace: NAR
May 19, 2022
New home prices in Canada rose 0.3% in April over March, with increases in 10 of 27 metro areas surveyed, down in 1 and unchanged in 16; new home prices were up 9.4% year-over-year in April, the smallest growth since March 2021: Statistics Canada
May 19, 2022
Canada's Industrial Product Price Index rose 0.8% in April from March, up 16.4% year-over-year; Raw Materials Price Index fell 2.0% on a monthly basis in April and increased 38.4% year-over-year: Statistics Canada
May 19, 2022
Number of Canadians receiving regular Employment Insurance benefits decreased by 41,000 in February to 524,000; decreases in six provinces led by Quebec, Ontario and Alberta: Statistics Canada
May 19, 2022
US 30-year fixed-rate mortgage averaged 5.25% in week ended May 19, down from 5.30% last week; 30-year FRM averaged 3.00% a year ago: Freddie Mac
May 19, 2022
US-based firms announced 123 CEO changes in April, up 3.0% from March, down 8.0% year-over-year; 518 CEOs have left their posts year-to-date, up 18% from the same period a year ago: Challenger, Gray & Christmas
May 18, 2022
CEOs place environmental sustainability in top 10 business priorities and view workforce issues, such as talent retention, as significantly higher priority than financial issues; AI remains most impactful technology, metaverse is one of the least: Gartner
May 18, 2022
Share of US CEOs saying economic conditions are better compared to six months ago falls to 14% in Q2 from 34% in Q1; 24% report better conditions in their own industries, 19% expect economic conditions to improve in next six months: Conference Board
May 18, 2022
Euro area annual inflation rate was 7.4% in April, unchanged from March and up from 1.6% a year earlier; highest contribution to the annual euro area inflation rate in April came from energy, up 3.70 percentage points: Eurostat
May 18, 2022
US homes sales in April increased 0.5% month-over-month, median home price up 3.4% to US$420,000; for-sale home inventory increased 24.0% in April: Re/Max
May 18, 2022
UK Consumer Prices Index increased 7.8% in the 12 months to April, up from 6.2% in March; largest upward contribution to the CPIH 12-month inflation rate came from housing and household services, up 2.76 percentage points: ONS
May 17, 2022
US average on-highway diesel fuel price in week ended May 16 decreased to US$5.613/gallon from US$5.623/gallon last week; average regular gasoline price increased to US$4.491/gallon from US$4.328/gallon: EIA
May 17, 2022
Canada's investment in building construction up 1.8% to C$20.3B in March as residential and non-residential sectors rose 1.7% and 2.0%, respectively; investment in single-family homes up 4.3%, multifamily down 1.4%: Statistics Canada
May 17, 2022
Canadian investors reduced their holdings of foreign securities by C$24.0B in March, mainly sales of foreign shares; non-residents added C$30.6B of Canadian securities to their holdings, mainly in the form of private corporate bonds: Statistics Canada
May 17, 2022
Euro area GDP increased by 0.3% in Q1 from Q4, up by 5.1% year-over-year: Eurostat
May 17, 2022
US industrial production increased 1.1% in April, manufacturing output gained 0.8%; capacity utilization for the industrial sector rose to 79.0%: Federal Reserve
May 16, 2022
World Economic Forum launches new dashboard on impact of policy on low-carbon emitting technologies in seven jurisdictions including the US, EU; hope to provide support for industry decision making and analysis of decarbonization-promoting policies
May 16, 2022
Wholesale sales in Canada rose 0.3% to C$79.8B in March, supported by the building material and supplies and the motor vehicle and motor vehicle accessories and parts subsectors; inventories increased 0.4% to C$108.7B: Statistics Canada
May 16, 2022
Canada's manufacturing sales up 2.5% to C$70.2B in March led by petroleum and coal, primary metal, paper, chemical products; total inventories up 2.6% to C$110.9B on higher inventories of primary metal, petroleum and coal, food products: Statistics Canada
May 16, 2022
Euro area international trade in goods recorded a deficit of €16.4B in March compared with a surplus of €22.5B in March 2021; exports of goods up 14.0% year-over-year to €250.1B, imports gain 35.4% to €266.5B: Eurostat
May 16, 2022
Canadian home sales fell 12.6% in April from March, down by 25.7% year-over-year; newly listed properties decreased 2.2% month-over-month in April, national average home price up 7.4% year-over-year to C$746,000: CREA
May 13, 2022
US government through EPA awarded US$254.5M in Brownfields grants to 265 communities; nearly 86% of communities selected to receive funding have proposed projects in historically underserved areas
May 13, 2022
Euro area industrial production fell by 1.8% in March from February; production decreased by 0.8% year-over-year: Eurostat
May 13, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary May level of 59.1, down from April's 65.2; consumers' assessment of financial situation relative to year ago at lowest level since 2013, 36% attributed negative assessment to inflation
May 13, 2022
Prices for US imports unchanged in April, after advancing 2.9% the previous month, higher nonfuel prices offset by lower fuel prices; export prices increased 0.6% in April following a 4.1% advance in March: BLS
May 12, 2022
GlobalData raises forecast for 2022 US inflation rate to 7.1% from 4.9% in light of increasing inflation rates, policy tightening; federal rate hike also likely to impact emerging economies such as India, Brazil and South Korea
May 12, 2022
KPMG/REC UK Report on Jobs in April shows hiring activity at robust pace despite ongoing candidate shortages weighing on growth; competition for scarce candidates put pressure on pay, pace of starting salary inflation close to survey record: IHS Markit
May 12, 2022
UK GDP estimated to have declined by 0.1% in March following no growth in February; service sector fell by 0.2%, production output down by 0.2%: ONS
May 12, 2022
UK GDP in Q1 estimated to have increased 0.8% on gains in services, production and construction output; services output up 0.4%, largest contributors from information and communication, accommodation and food, transportation and storage industries: ONS
May 12, 2022
UK Index of Services fell 0.2% between February and March, largest negative contribution from wholesale, retail trade offset by growth in human health, social work activities; total services output for Q1 up by 0.4%, now 1.5% above pre-pandemic level: ONS
May 12, 2022
UK production output fell by 0.2% between February and March, driven by declines in two of the four production sectors, electricity and gas, and manufacturing; production output now 1.6% below pre-pandemic level: ONS
May 11, 2022
CISA, NSA, FBI, international cyber authorities issue cybersecurity advisory to protect managed service providers and customers; advisory provides several actions that organizations can take to reduce risk of becoming a victim to malicious cyber activity
May 11, 2022
US Consumer Price Index in April increased 0.3% on a seasonally adjusted basis, led by gains in the indexes for shelter, food, airline fares, and new vehicles; all items index increased 8.3% over the past 12 months: BLS
May 11, 2022
Real average hourly earnings for all US employees decreased 0.1% from March to April; earnings decreased 2.6%, seasonally adjusted, from April 2021 to April 2022: BLS
May 11, 2022
US commercial crude oil inventories in week ended May 6 increased by 8.5 million barrels from the previous week to 424.2 million barrels; inventories are about 13% below the five year average for this time of year: EIA
May 10, 2022
Share of recently retired Canadians surveyed that say they retired sooner than planned at 33%, pre-retirees that intend to change retirement date due to pandemic at 30%; inflation impact on savings, expenses, purchasing power main concern for 78%: RBC
May 10, 2022
US natural gas spot price at Henry Hub averaged US$6.59/MMBtu in April, up from the March average of US$4.90/MMBtu; Henry Hub price expected to average US$7.83/MMBtu in Q2 and US$8.59/MMBtu in H2 2022: EIA
May 10, 2022
Toll Brothers, CrossHarbor Capital Partners form JV to develop multifamily rental community in Stamford, Connecticut financed with US$94M construction loan facility; 777 Summer to consist of 355 units, high-end luxury finishes, best-in-class amenities
May 10, 2022
Meritage Homes named EPA Energy Star Partner of the Year - Sustained Excellence Award Winner for ninth time; delivered 12,801 Energy Star-certified homes, double-certified all new home builds started during year under Energy Star, Indoor airPLUS programs
May 10, 2022
US median home price rose 14.2% year-over-year to a record US$425,000 in April; new listings fell 0.9% while active listings posted smallest annual decline since 2019 of 12.2%, a typical home sold in 34 days, 6 days faster than in April 2021: Realtor.com
May 9, 2022
CDP co-founder Paul Simpson to step down as CEO on June 30 and will leave at end of July; he has led CDP in embedding corporate disclosure on climate and environment into the mainstream, with 64% of global market capitalization disclosing via CDP in 2021
May 9, 2022
US wholesale sales in March rose 1.7% over February to US$686.2B, up 22.1% from March 2021; inventories increased 2.3% over February to US$840.3B, up 22.0% annually: Dept. of Commerce
May 9, 2022
US national gas price average was at US$4.32 in week ended May. 9, a 20 cent rise in the past two weeks; increase due to the high cost of crude oil, which is closing on US$110 a barrel: AAA
May 9, 2022
Value of Canada's building permits down 9.3% to C$11.7B in March, mainly due to a decline of 29.5% in the non-residential sector; residential building permits rose 4.7% to C$7.9B with single-family permits up 3.3%, multifamily up 6.0%: Statistics Canada
May 9, 2022
Fannie Mae Home Purchase Sentiment Index down 4.7 points to 68.5 in April, the lowest level since May 2020; those saying it is a bad time to buy up to 76% from 73% in March, share saying it is a good time to sell decreased to 72% from 74%
May 6, 2022
Share of US homes for sale with a price drop rose to 15.0% in four-week period ended May 1, a six-month high and a 9% increase year-over-year; new listings down 6.0% from year ago, pending sales down 4%: Redfin
May 6, 2022
KB Home named EPA Energy Star Partner of the Year - Sustained Excellence Award Winner for 12th straight year; KB Home has built over 165,000 Energy Star-certified homes, reducing homeowners' utility bills by US$856M and CO2 emissions by 6.3 billion pounds
May 6, 2022
Canada's retail sales reached C$48.0B in February, up 7.3% year-over-year; largest increase came from sales of automotive and household fuels, up 37.1% year-over-year: Statistics Canada
May 6, 2022
Canadian employment little changed in April, while unemployment rate fell 0.1% to 5.2%; increased employment in professional, scientific and technical services, public administration offset by declines in construction, retail trade: Statistics Canada
May 6, 2022
Total US nonfarm payroll employment rose by 428,000 in April, unemployment rate unchanged at 3.6%; job growth led by leisure and hospitality, manufacturing, transportation and warehousing: BLS
May 5, 2022
Emissions Reduction Fund must play supporting role to industrial decarbonisation policy, not as primary driver of emissions reduction; Australian Carbon Credit Units issued under the scheme represent 2% of emissions to date: CMI Institute
May 5, 2022
NVR authorizes repurchase of US$500M of its outstanding common stock; company had 3,288,055 total shares of common stock outstanding as of May 3
May 5, 2022
LGI Homes reported 703 home closings in April, with 91 active selling communities
May 5, 2022
J.P.Morgan Global Composite PMI down to 51.0 in April from 52.7 in March, slowdown in output growth led by China; global manufacturing production fell for first time since June 2020 reflecting decline in consumer, intermediate, investment goods industries
May 5, 2022
S&P Global Eurozone Productivity PMI in April up to 50.9 from 49.7 in March, in expansion territory for first time in 2022; sectoral divergence as growth accelerated in services compared to reduction in manufacturing, dampened by supply-chain disruptions
May 4, 2022
Survey finds 90% of the global industry will increase spending in energy efficiency over next five years while 52% plan to achieve Net Zero within same period; 54% are already investing, 40% plan to make energy efficiency improvements this year
May 4, 2022
Century Communities announced four new communities in the Utah market; American Fork Crossing, Mapleton Heights, Shoreline West, and Dahlia Estates will open in American Fork, Mapleton, Syracuse, and West Point respectively
May 4, 2022
UK SME manufacturers faced the sharpest drop in optimism since the onset of the COVID-19 pandemic in the three months to April; new orders growth weakened as both costs and prices grew at record pace: CBI
May 4, 2022
CoreLogic US Home Price Index up by a record high 20.9% year-over-year in March, the 122nd consecutive month of annual home price increases; annual gains are projected to slow to around 6% by next March due to rising mortgage rates, higher home prices
May 4, 2022
Canadian international trade in services deficit widened to C$1.0B in March from C$578M in February; imports of services increased 6.5% to C$12.9B, exports rose 2.9% to C$11.9B: Statistics Canada
May 3, 2022
As You Sow announces 91% of Boeing shareholders support its 'Say on Climate’ resolution asking the company to align its GHG emissions with the global Paris Agreement’s net-zero-by-2050 goal; vote follows a 98% vote of support at GE, 92% vote at Sysco
May 3, 2022
New orders for US manufactured durable goods in March increased 1.1% to US$275.8B, following a 1.7% February decrease; shipments increased 1.4% to US$274.8B, inventories rose 0.8% to US$483.4B: Dept. of Commerce
May 3, 2022
Number of US job openings at series high of 11.5 million on last day of March, hires little changed at 6.7 million; separations rose to 6.3 million, quits edged up to series high of 4.5 million, layoffs and discharges little changed at 1.4 million: BLS
May 3, 2022
LGI Homes reports Q1 net income down 21.0% year-over-year to US$78.7M, home sales revenues fell 22.7% to US$546.1M, closings down 37.6% to 1,599 homes; CEO points to extended cycle times, delays in new communities as main constraints to closing more homes
May 3, 2022
Euro area unemployment at 6.8% in March, down from 6.9% in February and from 8.2% in March 2021; an estimated 11.274 million in the euro area were unemployed in March: Eurostat
May 2, 2022
J.P.Morgan Global Manufacturing PMI in April fell to 52.2 from 52.9 in March, lowest level since August 2020; China's COVID-19 restrictions weighed on production while geopolitical tension, supply-chain disruptions, inflation weighed on new order intakes
May 2, 2022
US national gas price average increased seven cents to US$4.19 in week ended May. 2; fear of global energy supply disruptions due to the conflict in Ukraine outweighs demand concerns due to impact of COVID-19 on China's economy: AAA
May 2, 2022
US construction spending in March estimated at seasonally adjusted annual rate of US$1.73T, edging up 0.1% from February's revised level; private construction gained 0.2% to US$1.38T, residential construction rises 1.0% to US$882.0B: Dept. of Commerce
May 2, 2022
S&P Global Canada Manufacturing PMI registered at 56.2 in April, down from a survey-record high of 58.9 in March; looser COVID-19 restrictions, general improvement in demand conditions led to strong inflows of new work, output and purchases rose sharply
May 2, 2022
S&P Global US Manufacturing PMI posted 59.2 in April, up from 58.8 in March; increase driven by quicker expansion in output, softer deterioration in vendor performance and series-record rise in pre-production inventories
April 29, 2022
UK general government gross debt was £2.38T at the end of 2021, equal to 102.8% of GDP; net borrowing was £187.4B in 2021, or 8.1% of GDP, 0.3% lower than the average deficit of G7 member states: ONS
April 29, 2022
Share of Canadians aged 14-29 that believe COVID-19 created new opportunities for work at 79%; 60% of respondents are working in a job in their desired field, 34% say the pandemic has been a source of motivation: Royal Bank of Canada
April 29, 2022
University of Michigan's Index of Consumer Sentiment posts final April reading of 65.2, up from March's 59.4; rising optimism due to a sharp drop in gas price expectations
April 29, 2022
Compensation costs for US civilian workers increased 1.4%, seasonally adjusted, in Q1; wages and salaries increased 1.2%, benefit costs increased 1.8% from December 2021: BLS
April 29, 2022
US disposable personal income increased by US$89.7B, or 0.5% in March; consumption expenditures increased by US$185.0B, or 1.1%: Dept. of Commerce
April 28, 2022
Gartner: US total annual employee turnover likely to jump nearly 20% in 2022, from pre-pandemic annual average of 31.9 million workers quitting to 37.4 million in 2022; new worker expectations, availability of hybrid arrangements to fuel rise in attrition
April 28, 2022
US homebuyer affordability fell in March as the national median payment applied for rose 5.0% to US$1,736 from US$1,653 in February; decline due to home-price growth, surge in mortgage rates despite healthy labor market, wage gains: Mortgage Bankers Assn.
April 28, 2022
US labor productivity rose in 47 of the 86 manufacturing industries in 2021; the railroad rolling stock industry had the largest productivity gain with an increase of 20.6%: Dept. of Labor
April 28, 2022
US real GDP decreased at annual rate of 1.4% in Q1, down from a 6.9% increase in Q4; decrease reflects decline in private inventory investment, exports, federal government spending, state and local government spending while imports rose: Dept. of Commerce
April 28, 2022
US unemployment insurance claims in week ended Apr. 23 fell 5,000 to 180,000, four-week moving average increased 2,250 to 179,750; total continued weeks claimed for benefits down 105,322 to 1.5 million in week ended Apr. 9: Dept. of Labor
April 27, 2022
US home prices rose 1.7% in February over January, up 19.8% year-over-year; annual gain is higher than the 19.1% increase in the previous month: S&P CoreLogic Case-Shiller Index
April 27, 2022
Pending US home sales fell for fifth consecutive month in March, down 1.2% from February to 103.7 on NAR's index, down 8.2% year-over-year; large increases in mortgage rates reduced the pool of eligible homebuyers
April 27, 2022
US commercial crude oil inventories in week ended Apr. 22 increased by 0.7 million barrels from the previous week to 414.4 million barrels; inventories are about 16% below the five year average for this time of year: EIA
April 27, 2022
US homes less affordable than a year ago, especially in Sun Belt metros; homebuyers in Tampa need to earn US$67,353 annually to afford typical monthly mortgage payments, buyers in Phoenix, Las Vegas need to earn US$87,026, US$79,620, respectively: Redfin
April 27, 2022
US unemployment rates were lower in March than a year earlier in 386 of the 389 metro areas and higher in 3 areas; nonfarm payroll employment increased over the year in 147 metro areas and was essentially unchanged in 242 areas: Dept. of Labor
April 26, 2022
Housing wealth for homeowners aged 62 and older in Q4 up 3.98% over Q3 to a record US$10.6T; senior-held mortgage debt increased by US$47B: NRMLA
April 26, 2022
NAR report finds 50% of realtors were involved with a property with green/eco-friendly features in the past 12 months; 63% say promoting energy efficiency is valuable, 51% found clients were interested in sustainability
April 26, 2022
UK public sector net borrowing was £151.8B in the full financial year ended March, the third-highest financial year borrowing since March 1947, around 6.4% of GDP; public sector net debt was £2.3T at the end of March, or 96.2% of GDP: ONS
April 26, 2022
ClimateTrade's blockchain-based climate marketplace now operational in the EU's mandatory carbon market, buyers and sellers of EU allowances can conduct transactions on ClimateTrade; offset more than 2 million tons of CO2 on global voluntary carbon market
April 26, 2022
NVR reports Q1 income up 71% year-over-year to US$426.1M on consolidated revenues 17% higher to US$2.38B; new orders decreased 6% to 5,927 units, average sales price up 13% to US$465,700
April 25, 2022
US national gas price average rose four cents to US$4.12 in week ended Apr. 25; upward pricing pressure on concerns of less Russian oil entering the global market was offset by rising fears of COVID-induced economic slowdown in China: AAA
April 25, 2022
Share of Redfin home offers that faced bidding wars fell to 65.0% in March from February's revised 66.7%; San Jose, California had highest bidding-war rate at 79.8%, followed by Boston, Massachusetts and Providence, Rhode Island at 79%, 78.3% respectively
April 25, 2022
Canada's number of business openings in January edged up 0.1 percentage point to 4.8% from December, while closures fell to 3.8% from 4.7%; number of active businesses increased by 0.7% month-over-month: Statistics Canada
April 25, 2022
US-based firms announced 119 CEO changes in March, down 21.2% from February, up 6.3% year-over-year; 395 CEOs have left their posts year-to-date, up 29% from the same period a year ago: Challenger, Gray & Christmas
April 25, 2022
UK manufacturing optimism in three months to April fell at the sharpest pace since April 2020, down 34% while output grew at a slower pace quarter-over-quarter; average costs in three months to April grew at the fastest rate since July 1975, up 87%: CBI
April 22, 2022
S&P Global Flash Eurozone PMI in April up to 55.8 from 54.9 in March, strongest rate of output growth since September; prices charged for goods, services rose at unprecedented pace amid increase in firm costs, signalling potential rise in inflation
April 22, 2022
S&P Global/CIPS Flash UK Composite PMI in April fell to 57.6 from 60.9 in March, largely due to the slowest increase in new orders so far in 2022; cost of living crisis, economic uncertainty due to conflict in Ukraine negatively impacted client demand
April 22, 2022
S&P Global Flash US Composite PMI in April fell to 55.1 from 57.7 in March; overall growth dampened by softer rise in service sector output as customer spending was pressured by continued price increases
April 22, 2022
Annual gains in US home improvement and maintenance spending projected to peak at 19.7% in Q3 before decreasing to 15.1% in Q1 2023; annual expenditures to expand to nearly US$450B by Q1 2023: JCHS
April 22, 2022
KB Home release 15th annual sustainability report detailing environmental, social and economic achievements in 2021; highlights include over 160,000 Energy Star-certified homes, 14,000th solar home, maintained position as most energy-efficient homebuilder
April 21, 2022
Gartner: Carbon footprint measurement among emerging sustainability technologies to see early mainstream adoption by 2025, as companies expand focus to all three emission types; ultimately, every organization will have to invest in carbon accounting tools
April 21, 2022
Conference Board Leading Economic Index up 0.3% in March to 119.8 following a 0.6% increase in February; improvement signals economic expansion likely to continue through 2022 despite volatile stock prices, weakening business and consumer expectations
April 21, 2022
EU flash consumer confidence indicator for April edged up 2.0 points from March, while euro area flash consumer confidence indicator rose 1.8 points, remained far below its long-term average: European Commission
April 21, 2022
Number of Canadians receiving regular Employment Insurance benefits decreased by 68,000 in February to 565,000; decreases in nine provinces led by Quebec, Ontario, British Columbia: Statistics Canada
April 21, 2022
Euro area annual inflation rate was 7.4% in March, up from 5.9% in February and 1.3% a year earlier; highest contribution to the annual euro area inflation rate in March came from energy, up 4.36 percentage points: Eurostat
April 20, 2022
US existing-home sales fell 2.7% in March from February to seasonally adjusted annual rate of 5.77 million, down in all regions; inventory of unsold homes increased 11.8% from February to 950,000, equal to 2.0 months of the monthly sales pace: NAR
April 20, 2022
Typical US home that went under contract in March was 1,720 sq. ft., down 1.8% year-over-year from 1,751 sq. ft.; homebuyers are turning back to condos, starting to value shared amenities, walkable neighborhoods again: Redfin
April 20, 2022
Potential US existing-home sales in March decreased 3.2% month-over-month to 5.97 million seasonally adjusted annualized rate; house-buying power 5.6% higher than March 2019 driven by higher household incomes, modestly lower mortgage rates: First American
April 20, 2022
New home prices in Canada grew 1.2% in March over February, with increases in 18 of 27 metro areas surveyed, unchanged in 9; new home prices were up 11.0% year-over-year in March, as increases in construction costs continue: Statistics Canada
April 20, 2022
Canada's Consumer Price Index in March up 1.4% month-over-month, up 6.7% annually compared to 5.7% in February; price pressure in housing market, supply constraints, geopolitical conflict affected energy, commodity, agriculture markets: Statistics Canada
April 19, 2022
Freddie Mac predicts US single-family housing market will remain solid in 2022 even as mortgage rates increase; home sales expected at 6.7 million in 2022, 6.6 million in 2023 compared to 6.9 million in 2021
April 19, 2022
Fannie Mae lowers full-year 2022 and 2023 real GDP growth forecast by 0.2% and 2.4%, respectively; expectations of aggressive monetary policy tightening through 2023 to weigh on economic output
April 19, 2022
US average on-highway diesel fuel price in week ended Apr. 18 increased to US$5.101/gallon from US$5.073/gallon last week; average regular gasoline price decreased to US$4.066/gallon from US$4.091/gallon: EIA
April 19, 2022
Canadian investors reduced their holdings of foreign securities by C$9.7B in February, mainly sales of US shares; non-residents added C$7.4B of Canadian securities to their holdings, mainly in the form of corporate bonds: Statistics Canada
April 19, 2022
Privately‐owned US housing starts in March at seasonally adjusted annual rate of 1,793,000, up 0.3% from revised February level, up 3.9% annually; building permits up 6.7% annually to 1,873,000, completions down 13.0% to 1,303,000: Dept. of Commerce
April 18, 2022
Meritage Homes hired Malissia Clinton as its executive vice president, general counsel and secretary; Ms. Clinton replaced C. Timothy White who retired in December
April 18, 2022
US homes sales in March jumped 32.2% month-over-month, median home price up 4.7% to US$360,000, the highest reading in report history; for-sale home inventory fell 0.9% in March, the smallest in eight months: Re/Max
April 18, 2022
Listings of homes with eco-friendly features such as EV charging stations, drought-resistant landscaping can sell more than nine days faster than similar homes; energy-efficient features contribute to homes selling for more, sometimes faster: Zillow
April 18, 2022
US national gas price average fell to US$4.08 in week ended Apr.18; lower prices could be temporary should the global price of oil increase due to constrained supply: AAA
April 18, 2022
US builder confidence in market for newly built single-family homes fell two points to 77 in April, the fourth consecutive monthly decline; sharp increase in mortgage rates and persistent supply chain disruptions continue to unsettle housing market: NAHB
April 15, 2022
US industrial production increased 0.9% in March, manufacturing output gained 0.9%; capacity utilization for the industrial sector rose to 78.3%: Federal Reserve
April 15, 2022
UK law requiring large companies and financial institutions to disclose climate-related financial information on a mandatory basis, using guidelines from the Task Force on Climate-related Financial Disclosures, comes into force on April 6
April 15, 2022
Bank of America sets 2030 targets for reducing emissions associated with financing for the auto manufacturing, energy and power generation sectors, and plans to set targets for other sectors through 2024; targets are part of bank’s net zero commitment
April 15, 2022
US unemployment rates in March decreased in 37 states, stable in 13 states and DC, while national unemployment rate declined by 0.2 percentage point to 3.6 percent; nonfarm payroll employment up in 10 states, essentially unchanged in 40 states and DC: BLS
April 15, 2022
Median weekly earnings of the 117.5 million US full-time wage and salary workers were US$1,037 in Q1, up 4.9% from a year earlier; women had median weekly earnings of US$939, or 83.2% of the US$1,128 median for men: BLS
April 14, 2022
US 30-year fixed-rate mortgage averaged 5.0% in week ended Apr. 14, up from 4.72% last week; 30-year FRM averaged 3.04% a year ago: Freddie Mac
April 14, 2022
Median US home sale price up 17% year-over-year to a record US$389,178 in four-week period ended Apr. 10, asking price of new listings up 14% to US$397,747; new listings down 7%, total listings fell 23%: Redfin
April 14, 2022
Ontario's new housing legislation set to boost mass timber construction, says R-Hauz Solutions; proposed building code changes would allow for 12-story mass timber buildings, streamline modular multi-unit residential building approvals
April 14, 2022
D.R. Horton to acquire Vidler Water Resources for approximately US$291M, transaction expected to close in Q2; Vidler owns portfolio of premium water rights in markets where D.R. Horton operates that require water for development, but lack adequate supply
April 14, 2022
Century Communities expands into Birmingham, Alabama market with two new communities; communities will offer a line-up of single-family floor plans boasting in-demand features such as open-concept layouts, granite countertops, stainless-steel appliances
April 13, 2022
Canada's investment in building construction rose 4.0% in February, reaching C$20.0B for the first time, Quebec accounted for over 50% of increase; residential investment rose 5.0%, with single-family homes up 4.9%, multifamily up 5.1%: Statistics Canada
April 13, 2022
US Producer Price Index for final demand increased 1.4% in March, seasonally adjusted led by a 2.3% rise in prices for final demand goods; final demand index moved up 11.2% year-over-year: BLS
April 13, 2022
US commercial crude oil inventories in week ended Apr. 8 increased by 9.4 million barrels from the previous week to 421.8 million barrels; inventories are about 13% below the five year average for this time of year: EIA
April 13, 2022
Bank of Canada increased its target for the overnight rate to 1.0%, with the Bank Rate at 1.25% and the deposit rate at 1.0%; the Bank is ending reinvestment, will begin quantitative tightening, effective Apr. 25
April 13, 2022
UK business volumes grew 17% in Q1, expected to be flat in the next quarter; optimism fell at fastest pace since September 2019, down 42% in Q1 from an increase of 15% in Q4 2021: CBI
April 12, 2022
US natural gas spot price at Henry Hub averaged US$4.90/MMBtu in March, up from the February average of US$4.69/MMBtu; Henry Hub price expected to average US$5.68/MMBtu in Q2 and US$5.23/MMBtu for 2022: EIA
April 12, 2022
Global merchandise trade volume expected to grow 3.0% in 2022, down from a previous forecast of 4.7% due to conflict in Ukraine, and 3.4% in 2023; world GDP at market exchange rates expected to rise by 2.8% in 2022 following a 5.7% increase in 2021: WTO
April 12, 2022
Lack of affordable homes is the top obstacle holding back potential home buyers of all races; the second-ranking obstacles faced by potential Hispanic buyers was difficulty saving for a down payment, potential Black home buyers faced a lack of credit: NAR
April 12, 2022
Taylor Morrison released fourth annual ESG Report; highlights include increased gender, racial diversity of Board, certified more than 5,000 acres of wildlife with 100% native plants, implemented sustainable landscaping practices that enhance biodiversity
April 12, 2022
Canada's multiple-property owners possess nearly one-third of all residential properties; the top 10% wealthiest owners account for one-quarter of residential housing value: Statistics Canada
April 11, 2022
Survey finds 18% of manufacturing respondents rank regulatory compliance as the top driver of sustainability initiatives, followed by both business risk and financial incentives at 15%; 43% say they have implemented waste and water treatment processes
April 11, 2022
Much bolder, faster climate action needed to slow rate of global warming, says South Pole CEO on release of IPCC report; emitters must dramatically change how they do business, users must pressure them, and there needs to be a 'meaningful price on carbon'
April 11, 2022
PulteGroup named among the 2022 Fortune 100 Best Companies to Work For by Great Place to Work and Fortune for the second consecutive year, ranked in 43rd place, up from 75th place in 2021
April 11, 2022
KB Home authorized the repurchase of up to US$300M of its outstanding common stock; company also declared a quarterly cash dividend of US$0.15/share on its common stock, payable May. 19
April 11, 2022
Clayton Homes revealed single section CrossMod home, providing a new affordable home solution to another group of homebuyers, locations; home includes elevated roof pitch, attached garage and energy efficient features, estimated at less than US$200,000
April 8, 2022
Rolls-Royce launches R2 Factory, a digital transformation members’ community for tackling industrial challenges; R2 Factory combines data analytics, AI and machine learning with digital culture change, deep domain knowledge, system engineering expertise
April 8, 2022
Australian sustainability/impact specialist Republic of Everyone joins South Pole, a leader in climate services, solutions, carbon projects; partnership strengthens offering around design, marketing, branding to support sustainability-focuses businesses
April 8, 2022
Canada's employment up by 73,000, or 0.4% in March, the lowest rate on record since 1976; gains driven by women aged 55 and older, men aged 25 to 54 in the goods and services-producing sectors
April 8, 2022
US wholesale sales in February rise 1.7% over January to US$675.8B, up 25.5% from February 2021; inventories rise 2.5% over January to US$818.2B, up 19.9% annually: Dept. of Commerce
April 8, 2022
KPMG and REC UK Report on Jobs in March shows softer increase in hiring activity as candidate shortages restricted growth of permanent placements, temp billings; salaries for new permanent hires rose at the quickest rate on record: IHS Markit
April 7, 2022
Share of US homes for sale with a price drop rose to 12% in four-week period ended Apr. 3; new listings down 4% year-over-year, pending sales up 0.1%: Redfin
April 7, 2022
PulteGroup unveiled two model homes not yet for sale that test latest advancements in sustainable new home technologies, innovations; collaboration with Ford, Sunrun to test how Ford Intelligent Backup Power system can serve homeowners in power outages
April 7, 2022
Euro area seasonally adjusted volume of retail trade increased by 0.3% in February over January, up by 5.0% year-over-year: Eurostat
April 7, 2022
UK productivity as measured by output per hour worked in Q4 was 2.6% above pre-pandemic level, up 1.3% from Q3; output per worker increased by 1.4% quarter-on-quarter, rose above 2019 level for first time since the pandemic began: ONS
April 7, 2022
Share of US renters surveyed who are unable to afford to buy a home where they want to live at 32%, while 30% of renters are unable to save for a down payment; nearly half of renters say debt is holding them back from purchasing a home: Redfin
April 6, 2022
Sustainability activator Anthesis named Consultancy of the Year at edie’s Sustainability Leaders Awards 2022; award is given to a firm that has delivered substantial, quantifiable improvements in clients’ environmental and/or social sustainability
April 6, 2022
LGI Homes reports 658 home closings in March, with 88 active selling communities; Q1 closings totaled 1,599 homes
April 6, 2022
Renters of color pay security deposits more often than white renters, and deposits are typically US$150 higher; the typical Black, Latinx renter submits three applications, while the typical white or Asian American and Pacific Islander submits two: Zillow
April 6, 2022
Realtor.com survey finds 64% of prospective sellers anticipate listing a home within the next six months, with 9% already listed; majority of sellers expect to list in affordable price range, with 43% at US$350,000 or less, 22% at US$351,000 to US$500,000
April 6, 2022
Industrial producer prices rose by 1.1% in the euro area in February over January, up by 31.4% year-over-year: Eurostat
April 5, 2022
Zurich-based Climeworks, a specialist in direct air capture technology, raises 600M Swiss francs in latest equity round; new investor base includes several of world's most renowned and largest institutional technology and infrastructure investors
April 5, 2022
CoreLogic US Home Price Index up 20% year-over-year in February, the twelfth consecutive monthly double-digit gain; record-low number of homes for sale remains primary culprit for rapid price gains despite a large number of families looking to buy
April 5, 2022
US trade deficit in February totaled US$89.2B, down less than US$0.1B from January's revised US$89.2B; February exports increased US$4.1B to US$228.6B, imports up US$4.1B to US$317.8B: Dept. of Commerce
April 5, 2022
S&P Global US Services PMI in March increased to 58.0 from 56.5 in February; stronger demand conditions and steeper rise in new orders led to fastest expansion in output for four months
April 5, 2022
EU seasonally adjusted current account of balance of payments recorded a surplus of €49.6B in Q4, or 1.3% of GDP, down from a surplus of €69.6B in Q3 and down from a surplus of €125.4B in Q4 2020: Eurostat
April 4, 2022
NAHB finds 36% of US millennials now favor a larger home as housing preferences change due to the pandemic; median size of new single-family homes in 2021 was 2,303 sq. ft, a 10% increase since the Great Recession in 2009
April 4, 2022
New orders for US manufactured durable goods in February decreased 2.1% to US$271.7B, following a 1.5% January increase; shipments virtually unchanged to US$270.7B, inventories add 0.5% to US$479.1B: Dept. of Commerce
April 4, 2022
US national gas price average down six cents to US$4.18 in week ended Apr.4; decline followed President Biden's decision to release one million barrels of oil per day for six months from the Strategic Petroleum Reserve, rising COVID-19 fears in China: AAA
April 4, 2022
Paychex | IHS Markit Small Business Jobs Index remained near its historic peak in March, moderating 0.03% to 101.29, up 7.47% year-over-year; hourly earnings growth advanced for the tenth consecutive month, grew to 4.76% year-over-year
April 1, 2022
Quest Diagnostics reports 2021 workforce drug test positivity rate at 4.6%, up from all-time low of 3.5% in 2010-2012 period; positivity rates increase in safety-sensitive jobs as well as in workers tested after on-the-job accidents
April 1, 2022
J.P.Morgan Global Manufacturing PMI in March fell to an 18-month low of 53.0 from February's 53.7; output, demand growth hampered by ongoing COVID-19 disruptions, global supply disruptions, rising inflationary pressures and geopolitical tensions
April 1, 2022
S&P Global US Manufacturing PMI posted 58.8 in March, up from 57.3 in February; growth was supported by faster increases in output, new orders as domestic, foreign client demand increased and backlogs of work grew due to greater new sales
April 1, 2022
S&P Global Canada Manufacturing PMI registered 58.9 in March, up from 56.6 in February, highest reading in survey's eleven year history; output, new order growth increased at historically elevated rates despite surge in fuel, input, transportation costs
April 1, 2022
Average price of US coal exports during Q4 was US$160.58/short ton, while average price of US coal imports was US$110.28/short ton; Q4 coal production fell 1.0% from Q3, exports increased 4.5%: EIA
March 31, 2022
Canadian real GDP grew 0.2% in January, up for eighth month in a row; goods-producing industries increased 0.8% while services-producing industries were flat, notable increases in manufacturing, accommodation and food services sectors: Statistics Canada
March 31, 2022
US homes listed for sale in the second half of April can expect to sell for a 2.8% premium, equivalent to US$9,300 on the typical home; the first two weeks of November are the worst time to list a home, associated with a 3.5% discount: Zillow
March 31, 2022
US 30-year fixed-rate mortgage averaged 4.67% in week ended Mar. 31, up from 4.42% last week; 30-year FRM averaged 3.18% a year ago: Freddie Mac
March 31, 2022
US unemployment insurance claims in week ended Mar. 26 up 14,000 to 202,000, four-week moving average down 3,500 to 208,500; total continued weeks claimed for benefits down 81,975 to 1.78 million in week ended Mar. 12: Dept. of Labor
March 31, 2022
US real GDP increased in 47 states and DC in Q4 2021, percent change in real GDP ranged from 10.1% in Texas to -2.3% in Iowa; real GDP increased in all 50 states and DC in 2021, ranging from 8.6% in Tennessee to 0.3% in Alaska: Dept. of Commerce
March 30, 2022
Carbon market’s fragmented nature has stalled growth, it needs core carbon principles, high integrity on supply and demand sides, says UN climate and finance special envoy; Verra CEO sees a role for governments in evolution of voluntary carbon markets
March 30, 2022
Real US house prices up 6.3% in January from December, up 26.8% year-over-year; consumer house-buying power down 4.0% from December, down 4.0% annually, affordability to continue to decline as rising mortgage rates outpace household income: First American
March 30, 2022
US commercial crude oil inventories in week ended Mar. 25 decreased by 3.4 million barrels from the previous week to 409.9 million barrels; inventories are about 14% below the five year average for this time of year: EIA
March 30, 2022
Additional 18% of US housing market affordable to men but out of reach to women, can be as much as 22%; income inequality impact on housing affordability differs by industry, women working in utilities industry have more homes available to them: Zillow
March 30, 2022
European Commission's Economic Sentiment Indicator in March fell 5.4 points from February to 108.5 in the euro area; decline reflects drop in consumer confidence and substantial losses in retail trade and industry confidence
March 29, 2022
German consumer confidence in March fell to -15.5 points from a revised -8.5 points in February; consumer confidence likely to fall further in April as war in Ukraine pushes household economic and income expectations to record lows: GfK
March 29, 2022
Conference Board Consumer Confidence Index up in March to 107.2 from 105.7 in February, supported by strong employment; consumers’ assessment of current business and labor market conditions rose to 153 from 143, Expectations Index fell to 76.6 from 80.8
March 29, 2022
US home prices rise 1.1% in January over December, up 19.2% year-over-year; annual gain is higher than the 18.9% increase in the previous month: S&P CoreLogic Case-Shiller Index
March 29, 2022
Number of US job openings little changed at 11.3 million on last business day of February, hires rose to 6.7 million and separations little changed at 6.1 million; quits rate little changed at 2.9%, layoffs and discharges rate flat at 0.9%: Dept. of Labor
March 29, 2022
US people born in 1980-1984 held an average of 8.6 jobs from ages 18-34, with over half of these jobs held from ages 18-23; women ages 18-34 with more education held more jobs than women with less education: Dept. of Labor
March 28, 2022
US national gas price average fell one cent to US$4.24 in week ended Mar. 28, down for the second consecutive week; gasoline demand decreased again, defying seasonal trends perhaps in response to higher prices: AAA
March 28, 2022
UK activity across the private sector in the three months to March grew at a slightly faster pace, up 18% from 13% in February; distribution, manufacturing, business and professional services activity were significant drivers of growth
March 28, 2022
Typical US condo sold for a record US$319,000 in February, up 14.6% year-over-year as condo supply declined 28% year-over-year, just shy of a record low; rising demand for condos as an affordable option amid rising home prices, mortgage rates: Redfin
March 25, 2022
US homebuyer affordability declined in February as the national median payment applied for jumped 8.3% to US$1,653 from US$1,526 in January; decline due to rise in mortgage rates amid steep rise in home prices: Mortgage Bankers Assn.
March 25, 2022
Pending US home sales fell in February for the fourth consecutive month, down 4.1% from January to 104.9 on NAR's index, down 5.4% year-over-year; pending transactions decreased despite strong buyer demand due to the low number of homes for sale
March 25, 2022
US unemployment rates in February were lower in 31 states and DC and stable in 19 states, while all 50 states and DC had jobless rate decreases from a year ago; nonfarm payroll employment up in 27 states, essentially unchanged in 23 states and DC: BLS
March 25, 2022
University of Michigan's Index of Consumer Sentiment posts final March reading of 59.4, down from February's 62.8; rising pessimism due to continued inflationary pressures, reduced living standards
March 25, 2022
UK retail sales volumes fell by 0.3% in February from January, up 3.7% from pre-pandemic level; the largest contribution to the monthly decrease came from non-store retailing, down 0.7% month-over-month: ONS
March 24, 2022
KB Home's Q1 net income up 38% annually to US$134.3M on net orders down to 4,210, revenues up 23% to US$1.4B, delivered homes flat at 2,868; longer build times, delayed completions and deliveries due to supply issues, constrained construction labor force
March 24, 2022
Median US home sale price up 17% year-over-year to record high of US$379,230 in four-week period ended Mar. 20, asking prices of new listings up 15% to US$398,850; new listings decreased 7%, total listings fell 23% to all-time low of 469,000: Redfin
March 24, 2022
UK retail sales volumes grew at a slower pace in the year to March at 9% from 14% in February, highlighting impact of the fastest rate of inflation in a decade on the cost-of-living; sales volumes expected to grow in the year to April at 39%: CBI
March 24, 2022
Number of Canadians receiving regular Employment Insurance benefits was little changed in January at 633,000; decreases in six provinces offset by increases in Quebec, Prince Edward Island: Statistics Canada
March 24, 2022
New orders for US manufactured durable goods in February decreased 2.2% to US$271.5B, following a 1.6% January increase; shipments virtually unchanged in February at US$270.6B, inventories increased 0.4% to US$478.5B: Dept. of Commerce
March 23, 2022
WoodMac: World needs to double down on plans to achieve net zero by 2050, expects global carbon price to rise seven-fold from average of US$25/tonne of CO2 equivalent today to US$175/tonne by 2050 in developed economies, US$127/tonne in emerging economies
March 23, 2022
European Commission's flash estimate of consumer confidence in the euro area declines by 9.9 points to a reading of -18.7 points; indicator well below its long-term average due to the war in Ukraine
March 23, 2022
Median after-tax income of Canadian families and unattached individuals up 7.1% to C$66,800 in 2020, poverty rate fell 3.9 percentage points to 6.4%; increase in after-tax income larger for lower incomes due to income support programs: Statistics Canada
March 23, 2022
The share of millennial home buyers in the US increased to 43% in 2021 compared to 37% the year prior; Generation X bought the most expensive and second-largest homes at a median price of US$320,000 and size of 2,300 sq. ft.: NAR
March 23, 2022
Sales of new US single‐family houses in February at seasonally adjusted annual rate of 772,000, down 2.0% from revised January rate, down 6.2% year-over-year; median sales price was US$400,600, inventory at end of February was 407,000: Dept. of Commerce
March 22, 2022
Penn State New Kensington’s Digital Foundry--previously named a Smart Manufacturing Innovation Center by US Dept. of Energy--to open spring 2022; foundry to focus on improving manufacturing through technology demonstration and assessment projects, more
March 22, 2022
UK manufacturing output growth in the three months to March grew at a brisk pace, as balance of manufacturers expecting to raise prices increased to a record high; growth led by the motor vehicles and chemicals sub-sectors: CBI
March 22, 2022
US average on-highway diesel fuel price in week ended Mar. 21 declines to US$5.134/gallon from US$5.250/gallon last week; average regular gasoline price decreases to US$4.239/gallon from US$4.315/gallon: EIA
March 22, 2022
Canada's Industrial Product Price Index rose 3.1% in February from January, up 16.4% year-over-year; Raw Materials Price Index rose 6.0% on a monthly basis in February and 29.8% year-over-year: Statistics Canada
March 22, 2022
Canada's job vacancies in Q4 at 915,500, up 63.4% from Q4 2020, job vacancy rate up 1.8% to 5.3%; five sectors accounted for 65% of increase, namely accommodation and food services at 20%, health care and social assistance at 15.2%: Statistics Canada
March 21, 2022
Freddie Mac's Multifamily Apartment Investment Market Index fell 4.8% in Q4, down 2.4% annually; unprecedented growth in net operating incomes was more than offset by rising mortgage rates, record multifamily price appreciation
March 21, 2022
Roughly 23% of Canadians surveyed say they are likely to purchase a home in the next two years, with 59% saying location is more important than a larger home; rising costs, competitiveness of markets leading to decrease in activity: Royal Bank of Canada
March 21, 2022
US existing-home sales fell 7.2% in February from January to seasonally adjusted annual rate of 6.02 million, with sales down in all regions; inventory of unsold homes increased 2.4% to 870,000, equal to 1.7 months of the monthly sales pace: NAR
March 21, 2022
US national gas price average fell seven cents to US$4.25 in week ended Mar. 21 due to the lower global price of crude oil; gasoline demand decreased, defying seasonal norms perhaps in response to higher prices : AAA
March 21, 2022
Average US monthly asking rents in February up 15.5% year-over-year to a record US$1,901, 0.5% month-over-month, the largest annual jump since at least February 2020; rising mortgage rates continue to push potential homebuyers into renting instead: Redfin
March 18, 2022
CISA, FBI issue joint cybersecurity advisory with technical details, mitigations regarding ability of Russian state-sponsored cyber actors to gain network access through exploitation of default MFA protocols and 'PrintNightmare’ vulnerability in Windows
March 18, 2022
US DOE to invest US$5M for up to five pilot training programs as part of a national workforce development strategy for lithium-battery manufacturing, in conjunction with DOL, AFL-CIO; move to help support the domestic battery supply chain, decarbonization
March 18, 2022
US employer costs for employee compensation for civilian workers averaged US$40.35 per hour worked in December; wages and salaries cost employers US$27.83 while benefit costs were US$12.52: BLS
March 18, 2022
US unemployment rates were lower in January than a year earlier in 388 of the 389 metro areas and higher in one area; nonfarm payroll employment increased over the year in 154 metro areas and was essentially unchanged in 235 areas: Dept. of Labor
March 18, 2022
Potential US existing-home sales in February fell 2.8% month-over-month to 6.17 million seasonally adjusted annualized rate, with market outperforming potential by 13.8%; house-buying power down 3.6%, driven by higher mortgage rates: First American
March 17, 2022
ABI expects 47,000 collaborative robots to be shipped to warehouses globally by 2026 at CAGR of 37%, from nearly 10,000 shipped in 2021; autonomous mobile robot shipments for last-mile delivery expected to increase to 309,000 in 2030 from 7,000 in 2021
March 17, 2022
PulteGroup's Del Webb breaks ground on its first community, Del Webb Southern Harmony, a 55+ luxury development in Murfreesboro, Tennessee; the active-adult community is scheduled to open in late 2023, and will contain 1,100 single-family homes
March 17, 2022
Median US home sale price up 17% year-over-year to a record high of US$376,350 in four-week period ended Mar. 13, asking prices of new listings up 14% to a record US$396,700; new listings down 3%, total listings fell 23% to an all-time low: Redfin
March 17, 2022
Seasonally-adjusted US home sales fell 7.0% in February from January, while a typical home sold in 25 days, 47.3% sold above list price; median home-sale price up 16.1% year-over-year to US$389,500 as the number of homes for sale fell 13.8%: Redfin
March 17, 2022
US 30-year fixed-rate mortgage averaged 4.16% in week ended Mar. 17, up from 3.85% last week; 30-year FRM averaged 3.09% a year ago: Freddie Mac
March 16, 2022
Intel announces initial investment of over €33B along the semiconductor value chain in Europe, focusing on R&D and manufacturing; investment will create a next-generation chip ecosystem, address the need for a more balanced and resilient supply chain
March 16, 2022
Lennar reports Q1 net earnings of US$503.6M, down from year-ago US$1B on revenues up 16% to US$6.2B, new orders up 1% at 15,747 homes; chairman says operating performance reflects continued strength in the housing market across the US
March 16, 2022
US EPA announces 93 US manufacturing plants earned the ENERGY STAR certification in 2021; G-P, Bimbo Bakeries, Ardagh Glass, AstraZeneca, Honda, TreeHouse Foods, PepsiCo, AbbVie, GM, Beiersdorf, ExxonMobil among recipients
March 16, 2022
Average US homeowner gained US$55,300, or 29.3%, in home equity year-over-year in Q4; total number of mortgaged homes in negative equity down 24.9%, or 380,000 properties, to 1.1 million homes: CoreLogic
March 16, 2022
US single-family rent prices in January up 12.6% year-over-year, up from 3.9% in January 2021 as shortage of available rental properties continues; cost of purchasing a home increased 19% annually, shutting out many buyer, forcing them to rent: CoreLogic
March 15, 2022
Google to acquire Virginia-based cyber defense solutions provider Mandiant in a transaction valued at approximately US$5.40B; acquisition will complement Google Cloud’s existing strengths in security
March 15, 2022
Survey finds over 75% of women rate paid leave, health insurance or job security as 'very important' or 'important' when considering jobs; 38% say they do not have paid sick leave and 65% say they do not have paid family leave: IWPR
March 15, 2022
US Securities and Exchange Commission proposes amendments to its rules on disclosures for cybersecurity risk management, strategy, governance and incident reporting by public companies; proposal aims to better inform investors in a timely manner
March 15, 2022
Number of UK payroll employees increased 275,000 in February from January reaching 29.7 million: ONS
March 15, 2022
Century Communities, Diamond Age to build 72 homes in the Phoenix metro area for the Century Complete brand; homes will be constructed using 3D printing, reducing manual labor and construction cycle times while providing enhanced focus on safety, quality
March 14, 2022
NPD: US retail sales of health/wellness products continue to match peak growth rates, even as pandemic fears recede; consumer focus on health encompasses mind, body and home, reflected in many industries showing growth such as food, apparel, books, beauty
March 14, 2022
Canada's investment in building construction rose 3.4% to C$19.1B in January, gains reported in all components; residential investment increased 4.1%, with single-family homes up 2.5%, multifamily up 6.0%: Statistics Canada
March 14, 2022
US national gas price average rose twenty-six cents to US$4.32 in week ended Mar. 14 as the conflict between Russia, Ukraine continues; current domestic stock level of crude oil is approximately 17% lower than at the end of February 2021: AAA
March 14, 2022
IHS Markit US Business Outlook survey indicates strong business optimism among US private sector firms on hopes of rising client demand, new sales growth due to easing of COVID-19 restrictions; threats to outlook led by inflation, supply chain disruptions
March 14, 2022
IHS Markit Global Business Outlook indicated highest level of business confidence in a decade amid growing optimism regarding path of the pandemic; employment, investment intentions revised higher despite expectations of continuing inflationary pressures
March 11, 2022
Survey finds 60% of US consumers believe brands should reconsider doing business in Russia in response to its invasion of Ukraine; minimizing disruptions that would lead to shortages, price increases among top actions consumers believe brands should take
March 11, 2022
LGI Homes' Summit at Liberty, a 55+ community in Rio Vista, California now selling a new collection of single-family homes; new series by Terrata Homes will range in size from 1,912 sq. ft. to over 2,300 sq. ft. with up to three bedrooms, three bathrooms
March 11, 2022
Canadian industries operated at 82.9% of their production capacity in Q4, up from 81.7% in Q3; increase driven by gains in construction and manufacturing sectors, particularly transportation equipment manufacturing: Statistics Canada
March 11, 2022
Canada's national net worth increased 6.6% from the previous quarter to C$17.29T in Q4, the fourth consecutive quarter of sizeable growth; on a per capita basis, national net worth rose to C$449,450 from C$363,562 in Q4 2020: Statistics Canada
March 11, 2022
Canada's employment up by 337,000, or 1.8% in February, bringing employment 0.2% below pre-pandemic level in February 2020; most notable gains in accommodation and food services, up 12.6% and information, culture and recreation, up 9.9%: Statistics Canada
March 10, 2022
US median home sale price up 16% year-over-year to record US$369,125 in four-week period ended Mar. 6, average sale-to-list price ratio up 101.1%; 58% of homes under contract accepted an offer within two weeks on market, up from 52% a year earlier: Redfin
March 10, 2022
Canada's net foreign asset position reached C$1.7T in Q4, an increase of C$297B from Q3; growth due to strength of global equity markets, to which Canada's international assets are highly exposed: Statistics Canada
March 10, 2022
US 30-year fixed-rate mortgage averaged 3.85% in week ended Mar. 10, up from 3.76% last week; 30-year FRM averaged 3.05% a year ago: Freddie Mac
March 10, 2022
US-based firms announced 151 CEO changes in February, up 21% from January, up 42% year-over-year; 276 CEOs have left their posts year-to-date, up 41.5% from the same period a year ago: Challenger, Gray & Christmas
March 10, 2022
US Consumer Price Index increased 0.8% in February on a seasonally adjusted basis after rising 0.6% in January, led by gains in indexes for gasoline, shelter, food; all items index increased 7.9% year-over-year: BLS
March 9, 2022
US housing wealth increased US$8.2T from 2010 through 2020, with 6.3 million new homeowner households; the purchase of a typical single-family home ten years ago at a median price of US$162,600 would have accumulated US$229,400 in housing wealth: NAR
March 9, 2022
Number of US job openings flat at 11.3 million on the last business day of January, hires and separations little changed at 6.5 million and 6.1 million, respectively; quits rate down to 2.8%, layoffs and discharges rate flat at 0.9%: Dept. of Labor
March 9, 2022
US commercial crude oil inventories in week ended Mar. 4 decreased by 1.9 million barrels from the previous week to 411.6 million barrels; inventories are about 13% below the five year average for this time of year: EIA
March 9, 2022
Share of US homes valued at US$1M or more reached a record 8.2% in February, up from 4.8% two years ago when the pandemic was declared; biggest increase was in Anaheim, California up 55% : Redfin
March 8, 2022
PwC: Progress to reach greater gender equality at work set back by at least two years due to pandemic; boosting women’s participation in transition to net zero will be key to closing gap, as these sectors are disproportionately underrepresented by women
March 8, 2022
US natural gas spot price at Henry Hub averaged US$4.69/MMBtu in February, up from the January average of US$4.38/MMBtu; increase due to a decline in production as a result of temporary freeze-offs in producing regions: EIA
March 8, 2022
US average on-highway diesel fuel price in week ended Mar. 7 rises to US$4.849/gallon from US$4.104/gallon last week; average regular gasoline price rises to US$4.102/gallon from US$3.608/gallon
March 8, 2022
Canadian international trade in services deficit widened to C$314M in January from C$172M in December; imports of services declined 2.8% to C$11.9B, exports down 4.0% to C$11.6B: Statistics Canada
March 8, 2022
Canada's merchandise trade balance moved back into a surplus of C$2.6B in January from a deficit of C$1.6B in December; merchandise imports fell 7.4% and exports decreased 0.2%: Statistics Canada
March 8, 2022
Euro area GDP increased by 0.3% in Q4 from Q3, up by 4.6% year-over-year: Eurostat
March 7, 2022
European Circular Bioeconomy Fund raises €300M to finance growth companies in bioeconomy, exceeding target; VP at anchor investor EIB says fund's first investments show potential of bioeconomy sector to contribute to EU's circular economy transition
March 7, 2022
US national gas price average rose forty-five cents to US$4.06 in week ended Mar. 7 as the conflict between Russia, Ukraine continues; the 61.7 million barrels committed by the International Energy Agency had limited impact on pricing: AAA
March 7, 2022
Canada's retail sales reached C$60.6B in December, up 8.6% year-over-year; largest increase came from sales of automotive and household fuels, up 49.5% year-over-year, marking the tenth consecutive sales increase of the commodity class: Statistics Canada
March 7, 2022
UK private sector activity remained steady in the three months to February, led by improvement across the consumer services sector, manufacturing output; distribution sector, business and professional services saw a decline in growth rates
March 7, 2022
Fannie Mae Home Purchase Sentiment Index rose 3.5 points to 75.3 in February; those saying it is a bad time to buy fell to 67% from 70% in January, share saying it is a good time to sell increased to 72% from 69%
March 4, 2022
US job cuts fell 20% in February to 15,245 from 19,064 in January, 56% lower year-over-year; companies announced plans to hire 215,127 workers to their payrolls: Challenger, Gray & Christmas
March 4, 2022
New York delegation calls for the National Semiconductor Technology Center and National Advanced Packaging Manufacturing Program to be established in New York state; delegation says state would supercharge research capacity, economic growth
March 4, 2022
Labor productivity of Canadian businesses fell 0.5% in Q4, the sixth consecutive quarterly drop; despite the emergence of the Omicron variant and implementation of public health rules, growth in business output exceeded previous quarter: Statistics Canada
March 4, 2022
Value of Canada's building permits down 8.8% to C$10.1B in January; residential building permits fell 11.6% to C$6.7B with single-family permits down 3.8%, multifamily down 18.5%: Statistics Canada
March 4, 2022
Euro area seasonally adjusted volume of retail trade rose by 0.2% in January over December, up by 7.8% year-over-year: Eurostat
March 3, 2022
Of the more than 8,000 corporate reports and stories on ESG topics distributed by 3BL Media in 2021, environmentalism had the most volume and audience interest, with engagement up 68% over 2020; philanthropy topic down 29%, DE&I topic up 35%
March 3, 2022
New orders for US manufactured durable goods in January increased 1.6% to US$277.6B, following a 1.2% December increase; shipments increased 1.1% to US$270.3B, inventories add 0.4% to US$476.3B: Dept. of Commerce
March 3, 2022
New listings of US homes down 0.5% year-over-year in February, median list price up 12.9% to record-high of US$392,000; competition intensified as buyers tried to lock in relatively affordable monthly payments with further rate hikes looming: Realtor.com
March 3, 2022
US nonfarm business sector labor productivity increased 6.6% in Q4, as output increased 9.1% and hours worked increased 2.4%; unit labor costs in the nonfarm business sector increased 0.9%: BLS
March 3, 2022
US unemployment insurance claims in week ended Feb. 26 down 18,000 to 215,000, four-week moving average down 6,000 to 230,500; total continued weeks claimed for benefits down 62,625 to 1.97 million in week ended Feb. 12: Dept. of Labor
March 2, 2022
A typical US homeowner in 2021 had spent 13.2 years in their home, down slightly from a peak of 13.5 years in 2020; homeowner tenure flattened as many moved during the pandemic, and record-low mortgage rates encouraged homebuyer activity: Redfin
March 2, 2022
Euro area annual inflation estimated at 5.8% in February, up from 5.1% in January; energy is expected to have the highest annual rate in February at 31.7%: Eurostat
March 2, 2022
Bank of Canada increased its target for the overnight rate to 0.5%, with the Bank Rate at 0.75% and the deposit rate at 0.5%; the Bank will keep overall holdings of Government of Canada bonds on its balance sheet roughly constant
March 2, 2022
US annual average unemployment rate in 2021 down in 49 states and DC, flat in 1, employment-population ratio up in 38 states and DC, down in 1, flat in 11; jobless rate down 2.8% from 2020 to 5.3%, employment-population ratio up 1.6 points to 58.4%: BLS
March 2, 2022
US commercial crude oil inventories in week ended Feb. 25 decreased by 2.6 million barrels from the previous week to 413.4 million barrels; inventories are about 12% below the five year average for this time of year: EIA
March 1, 2022
J.P.Morgan Global Manufacturing PMI in February up to 53.6 from January's 53.2, second-lowest reading over past 16 months; increases in production, new business and employment, quicker accumulation of stocks of purchases had a positive impact: IHS Markit
March 1, 2022
IHS Markit US Manufacturing PMI posted 57.3 in February, up from 55.5 in January; output rose at a faster pace amid signs of easing supply chain disruption, sharpest expansion in new orders since October
March 1, 2022
IHS Markit Canada Manufacturing PMI registered 56.6 in February, up from 56.2 in January, the strongest uptick for three months; output, new orders, purchasing activity rose while favourable demand conditions underpinned job creation
March 1, 2022
IHS Markit / CIPS UK Manufacturing PMI in February rose to a three-month high of 58.0 from January's 57.3; faster growth of output, new orders, stocks of purchases offset impact of slower job creation and a lessening of supply chain disruptions
March 1, 2022
IEA to release 60 million barrels of oil from emergency reserves to signal to global oil markets that there will be no shortfall in supply due to Russian invasion of Ukraine; drawdown represents a 4% share of IEA members' stockpiles of 1.5 billion barrels
February 28, 2022
US average on-highway diesel fuel price in week ended Feb. 28 rises to US$4.104/gallon from US$4.055/gallon last week; average regular gasoline price rises to US$3.608/gallon from US$3.530/gallon
February 28, 2022
According to a new As You Sow report, 2021 showed substantial increases in shareholder opposition to CEO pay packages; increase in opposition seems to be based on more companies employing questionable practices and metrics in setting CEO pay
February 28, 2022
Century Communities closed on the land, broken ground on new 425 unit development, Lincoln Station Apartments, in Lone Tree, Colorado; the mixed-use project is expected to open, begin lease-up in 2024 and will feature ground-level retail
February 28, 2022
Canada's Industrial Product Price Index rose 3.0% in January from December, up 16.9% year-over-year; Raw Materials Price Index rose 6.5% on a monthly basis in January and 30.5% year-over-year: Statistics Canada
February 28, 2022
Canada's current account balance recorded a C$0.8B deficit in Q4 following a C$0.8M surplus in Q3; deficit mostly reflects deterioration of the investment income balance, which posted its first deficit in over two years: Statistics Canada
February 25, 2022
US disposable personal income increased less than 0.1% in January over December, personal consumption expenditures up 2.1%; monthly changes reflect an increase in compensation partly offset by a decrease in government social benefits: Dept. of Commerce
February 25, 2022
New orders for US manufactured durable goods in January increased 1.6% to US$277.5B, following a 1.2% December increase; shipments rose 1.2% in January to US$270.4B, inventories add 0.4% to US$476.0B: Dept. of Commerce
February 25, 2022
European Commission's Economic Sentiment Indicator in February up 1.3 points from January to 114 in the euro area; dip in consumer confidence reflects deterioration of consumers' views on past financial situation, intentions to make major purchases
February 25, 2022
University of Michigan's Index of Consumer Sentiment posts final February reading of 62.8, down from January's 67.2; descent a result of inflationary declines in personal finances, rising interest rates, falling confidence in government economic policies
February 24, 2022
IBM Security's 2022 X-Force Threat Intelligence Index shows manufacturing attracted 23% of ransomware attacks, making it 2021's most attacked industry; 47% of these attacks were caused by vulnerability exploitation of unpatched software
February 24, 2022
Meritage Homes expanding into the Salt Lake City, Utah market, with Darren Dupree named as the company’s Denver and Salt Laker City Division President; with first three land acquisitions approved, new division expects to start selling homes in Q2 2023
February 24, 2022
UK retail sales volumes in February were above seasonal norms as COVID-19 restrictions eased, end of work-from-home guidance; selling prices continued to grow at a rapid pace, with slight acceleration expected in the coming months: CBI
February 24, 2022
US pending home sales rose 1% in the four-week period ended Feb. 20, the first increase since mid-January; new listings of homes for sale decreased 2% from a year ago, active listings fell 25%: Redfin
February 24, 2022
Canada's payroll employment rose by 122,200, or 0.7% in December to 0.4% above its pre-pandemic level, led by gains in Ontario and Quebec; average weekly earnings little changed at C$1,135 in December: Statistics Canada
February 23, 2022
US single-family rent prices in December add 12% year-over-year, up from 3.9% in December 2020 bolstered by increasing employment, low vacancy rates; while rent growth should ease in 2022, inflation may remain elevated: CoreLogic
February 23, 2022
Potential US existing-home sales in January fell 0.9% month-over-month to 6.31 million seasonally adjusted annualized rate, with market outperforming potential by 11.9%; house-buying power decreased US$19,000 as mortgage rates rose 0.35%: First American
February 23, 2022
Real US house prices increased 1.9% in December from November, up 21.7% year-over-year, propelled by rising mortgage rates, rapid nominal house price appreciation; consumer house-buying power up 0.04% month-over-month, down 0.2% annually: First American
February 23, 2022
NPD: Consumers pull back on purchasing as combination of higher prices, greater demand, lower supply, fewer promotions over past year are starting to take their toll; days of double-digit year-over-year retail revenue growth becoming a more distant memory
February 23, 2022
NAHB predicts upcoming building design trends will see a continuation of recent trends, especially in relation to outdoor spaces; homes to increase indoor/outdoor connections, creative outdoor spaces, beamed and stained ceilings, more durable materials
February 22, 2022
Share of Redfin users looking to move to another metro at record 32.4% in January; rising mortgage rates, rents prompting many to look to move to more affordable locations to stay within housing budget, with Miami, Phoenix, Tampa most popular destinations
February 22, 2022
Canada's number of business openings in November down to 4.5% from 4.6% in October, while closures down to 4.3% from 4.4%; number of active businesses relatively unchanged, marked the seventh consecutive month above pre-pandemic levels: Statistics Canada
February 22, 2022
Conference Board Consumer Confidence Index down in February to 110.5 from 111.1 in January amid inflation concerns; consumers’ assessment of current business and labor market conditions up to 145.1 from 144.5, Expectations Index fell to 87.5 from 88.8
February 22, 2022
Median US rental price up 19.8% year-over-year to US$1,789 in January, 20.6% higher than monthly starter home payments in 26 of 50 largest metros; rents expected to outpace listing price growth in 2022, already advancing across all unit sizes: Realtor.com
February 22, 2022
US home prices flat in December up 0.9% over November, up 18.8% year-over-year; annual gain remained the same from the previous month: S&P CoreLogic Case-Shiller Index
February 21, 2022
IHS Markit/CIPS Flash UK Composite PMI in February rises to 60.2 from January's 54.2, private sector output expanded at fastest pace in eight months; faster rise in operating expenses at service firms offset cost inflation slowdown at manufacturing firms
February 21, 2022
IHS Markit Flash Eurozone PMI in February up to 55.8 from 52.3 in January, the fastest rate of output growth since September; looser restrictions allowed for a strong rise in consumer-facing activity, travel and tourism
February 21, 2022
Jibun Bank Flash Japan Composite PMI shows activity at Japanese private sector businesses contracted in February due to rising COVID-19 infections, renewed restrictions; rising input prices, material shortages continue to dampen activity: IHS Markit
February 18, 2022
Newly listed homes fell 12.4% month-over-month in January, bringing number of homes for sale down 2.6% to record low; active listings fell 18% year-over-year to an all-time low: Redfin
February 18, 2022
Average US monthly asking rents in January up 15.2% nationwide year-over-year to US$1,891, 0.7% month-over-month, the largest annual jump since at least February 2020; rising mortgage rates push more potential homebuyers into renting instead: Redfin
February 18, 2022
New home prices in Canada grew 0.9% in January due to higher construction costs; new home prices were up 11.8% year-over-year in January, and up in 15 of the 27 census metropolitan areas surveyed, unchanged in 12 month-over-month: Statistics Canada
February 18, 2022
Canada's retail sales fell 1.8% to C$57B in December, led by lower sales at clothing and clothing accessories stores, furniture and home furnishings stores; retail sales were up 1.7% in Q4, marking second consecutive quarterly increase: Statistics Canada
February 18, 2022
UK retail sales volumes rose by 1.9% in January from December, up 3.6% from pre-pandemic level; the largest contribution to the monthly increase came from non-food stores, automotive fuel, where sales volumes rose by 3.4% and 4.1%, respectively: ONS
February 17, 2022
PulteGroup announces second Centex community, Entrada La Coraza at Rancho Sahuarita in Tucson, Arizona; community will offer a balance of location and affordability with single and two-story homes
February 17, 2022
Industry Intelligence celebrates Founder's Day, marks 22 years of market intelligence services, with plans for more innovations ahead
February 17, 2022
US homes sales in January decline 31.4% from December, slightly more than the seasonal norm, median home price flat at US$335,000; for-sale home inventory down 11.9% month-over-month, down 32.1% year-over-year: Re/Max
February 17, 2022
Fannie Mae lowers full-year 2022 real GDP growth forecast to 2.8% from 3.1%, expecting that a less accommodative interest rate environment, worker-scarce labor market will hinder economic activity; inflation expected at 4.4% by end of 2022
February 17, 2022
Century Communities announces quarterly cash dividend of US$0.20/share, to be paid on Mar. 16
February 17, 2022
NVR authorizes repurchase of US$500M of its outstanding common stock; company had 3,378,726 total shares of common stock outstanding as of Feb. 15
February 16, 2022
Canada's Consumer Price Index rose 0.9% in January on a monthly basis, increasing 5.1% year-over-year, up from a 4.8% gain in December; shelter prices contributed the most to the all-items annual increase: Statistics Canada
February 16, 2022
Canada's wholesale sales up 0.6% in December to C$76.2B, gain in automobile and automobile parts, accessories offset by lower sales in food, beverage, tobacco subsector; inventories up 2.9% to C$107.2B, led by the motor vehicle industry: Statistics Canada
February 16, 2022
Canada's manufacturing sales rose 0.7% to C$64.0B in December, the third consecutive monthly rise, led by the plastic and rubber, motor vehicle, fabricated metal, wood product industries; inventories up 1.7% to a record-high C$102.8B: Statistics Canada
February 16, 2022
Euro area industrial production rose by 1.2% in December from November; production up by 1.6% year-over-year: Eurostat
February 16, 2022
Prices for US imports increased 2.0% in January, after a 0.4% drop in the previous month, driven by higher fuel and nonfuel prices; export prices rose 2.9% in January following a 1.6% decline in December: BLS
February 15, 2022
Queen’s University in Belfast, Northern Ireland, partnering with Roll-Royce to address cyber threats, joining Purdue University and Carnegie Mellon in the US; the research network to address cybersecurity across civil aerospace
February 15, 2022
KB Home recognized among 'World's Most Admired Companies' on Fortune's 2022 list of the world's most reputable, respected companies; KB Home earned top marks in a significant number of areas, including quality products, services, and social responsibility
February 15, 2022
Canadian home sales edged up 1.0% in January from December, down by 10.7% year-over-year; newly listed properties dropped by 11.0% month-over-month in January, national average home price up 21.0% year-over-year to a record C$748,450 in January: CREA
February 15, 2022
Strong US job market boosts renter confidence as 82% of renters surveyed said they have not missed a rent payment over the past 12 months, up from 57% in September; 77% of renters do not expect to miss a rent payment in the next quarter: Realtor.com
February 15, 2022
LGI Homes reports Q4 net income down 18.4% year-over-year to US$111.3M on home sales revenues down 10.7% to US$801.1M, closings down 25.9% to 2,526 homes; revenue drop partially offset by rise in average sales price per home closed, up 20.4% to US$317,132
February 14, 2022
US average on-highway diesel fuel price in week ended Feb. 14 rises to US$4.019/gallon from US$3.951/gallon last week; average regular gasoline price rises to US$3.487/gallon from US$3.444/gallon
February 14, 2022
Around 58% of surveyed US homeowners said connection to the outdoors/nature will be an important influence on their design choices in the coming year; 45% said outdoor entertaining will also receive increased attention: NAHB
February 14, 2022
Building material prices top list of problems US builders had in 2021, cited by 96% of builders, with 91% expecting it to continue in 2022; 91% of builders in 2021 cited problems with availability/time for materials, 90% expect delays to continue: NAHB
February 14, 2022
US national gas price average rose four cents to US$3.48 in week ended Feb. 14; more drivers fuelling up coupled with a persistent tight supply of oil worldwide is driving prices higher, trend is unlikely to change anytime soon: AAA
February 11, 2022
KB Home named to Forbes' 2022 list of America's Best Midsize Employers, the only national homebuilder to receive this distinction two years in a row
February 11, 2022
University of Michigan's Index of Consumer Sentiment posts preliminary February level of 61.7, down from January's 67.2, below February 2020's 76.8; decline reflects weakening personal financial prospects, less confidence in government economic policies
February 11, 2022
UK GDP estimated to grow 1.0% in Q4 following a downwardly revised 1.0% growth in Q3, with the largest contributors to increase from human health and social work activities; GDP increased 7.5% in full-year 2021: ONS
February 11, 2022
UK Index of Services fell by 0.5% between November and December, largest contributions to monthly fall were from wholesale and retail, accommodation and food services; total services output rose by 1.2% in Q4, now 0.5% above pre-pandemic level: ONS
February 11, 2022
UK production output rose by 0.3% between November and December, led by increases in manufacturing, water supply and sewerage, electricity and gas; production output now 2.6% below February's pre-pandemic level: ONS
February 10, 2022
Canada's investment in building construction rose 1.9% to C$18.4B in December, gains reported in both the residential, non-residential sectors; residential investment increased 2.2%, with single-family homes up 3.5%, multifamily up 0.7%: Statistics Canada
February 10, 2022
Canada had 1.30 million employer businesses in December and 2.85 million non-employer businesses with annual revenues greater than C$30,000: Statistics Canada
February 10, 2022
Share of US CEOs saying economic conditions are better compared to six months ago falls to 34% in Q1 from 61% in Q4; 40% report better conditions in their own industries, 50% expect economic conditions to improve in next six months: Conference Board
February 10, 2022
Climate pledges of 25 of world’s largest companies fall short of 'net zero' and 'carbon neutral' claims; pledge of only one is given 'reasonable integrity' evaluation, 22 rate 'low' or 'very low' integrity: Corporate Climate Responsibility Monitor 2022
February 10, 2022
Median sales price of US single-family existing homes up 14.6% to US$361,700 in Q4, with double-digit price appreciation in 67% of measured metros; typical monthly mortgage payment rose to US$1,240, or 16.9% of the median family income: NAR
February 9, 2022
US-based firms announced 125 CEO changes in January, up 17.9% month-over-month, up 40% year-over-year; nearly 27.1% of new CEOs were women, the highest monthly rate since September's 26.9%: Challenger, Gray & Christmas
February 9, 2022
Mary Kay partners with Women’s Entrepreneurship Accelerator and International Telecommunication Union to bridge digital gender divide in developing countries; US$12T could be added to global GDP by 2025 if underserved women had digital skills education
February 9, 2022
US homebuilders work to respond to new homebuyer preferences, interests in the wake of COVID-19 driven by millennials and Gen Xers; increased desire for bigger homes, suburban locations, more outdoor amenities driving new home design: NAHB
February 9, 2022
Century Communities expands into Jacksonville, Florida market with five new communities; over 900 homesites offered across communities with homebuyers able to choose from a mix of single-family homes, townhomes, paired homes with option to purchase online
February 9, 2022
US commercial crude oil inventories in week ended Feb. 4 decreased by 4.8 million barrels from the previous week to 410.4 million barrels; inventories are about 11% below the five year average for this time of year: EIA
February 8, 2022
US remodeling industry saw strong demand in 2021 despite supply chain problems, rising costs; higher home equity, historically low interest rates provided resources for home owners to improve their existing homes: NAHB
February 8, 2022
US natural gas spot price at Henry Hub averaged US$4.38/MMBtu in January, up from the December average of US$3.76/MMBtu; increase due to cold weather in parts of the country leading to higher demand for natural gas for space heating, power generation: EIA
February 8, 2022
Taylor Morrison's Q4 net income rises 189% year-over-year to US$273M on net sales orders down 16% to 3,124 and home closings revenue up 61% to US$2.4B; full-year 2021 net income at US$663M, with home closings revenue up 22.3% to US$7.2B
February 8, 2022
Canadian international trade in services deficit widened to C$476M in December from C$256M in November; imports of services increased 2.3% to C$12.2B, exports edged up 0.4% to C$11.8B: Statistics Canada
February 8, 2022
Canada's merchandise trade balance moved to a deficit of C$137M in December from a surplus of C$2.5B in November; merchandise imports rose 3.7% while exports decreased 0.9%: Statistics Canada
February 7, 2022
US average on-highway diesel fuel price in week ended Feb. 7 rises to US$3.951/gallon from US$3.846/gallon last week; average regular gasoline price rises to US$3.444/gallon from US$3.368/gallon
February 7, 2022
Number of affordable US homes available for sale for households earning US$75,000 to US$100,000 was 245,000 in December, down from 656,200 in December 2019; there is one affordable listing for every 65 households compared to one for every 24 in 2019: NAR
February 7, 2022
US national gas price average up eight cents to US$3.44 in week ended Feb. 7; rise due to recent cold weather increasing demand for heating oil, concern that Russia will react to potential western sanctions by withholding crude oil from global market: AAA
February 7, 2022
LGI Homes reports total January home closings of 442 homes, with 90 active selling communities as of Jan. 31.
February 7, 2022
Canada's retail sales reached C$60.0B in November, up 6.9% year-over-year; largest increase came from sales of automotive and household fuels, up 54.2% year-over-year, marking the ninth consecutive sales increase of the commodity class: Statistics Canada
February 4, 2022
As You Sow CEO comments on BlackRock CEO's annual letter to CEOs, saying it articulates the 'existential issues’ confronting the economy and global society but lacks an implementation plan, urges him to use his power for good and not just talk about it
February 4, 2022
Study of US mutual funds, ETFs with 'ESG' in their name shows one cannot tell the difference between prospectus for true ESG versus greenwashing; As You Sow recommends standardizing a glossary and fund classification framework, subject to SEC enforcement
February 4, 2022
Connect The Dots: Boom or bust? What's happening to our economy right now? (6:57)
February 4, 2022
Canada's payroll employment fell by 200,000, or 1.0%, in January, driven by Ontario, Quebec, with accommodation and food services industry hit the hardest; youth aged 15 to 24 were most affected by employment losses: Statistics Canada
February 4, 2022
World exports of intermediate goods grew 27% year-over-year in Q3, with Belgium recording the highest growth; increase largely due to Other Industrial Supplies category, comprises intermediate goods such as vaccine products, medical parts and accessories
February 4, 2022
Euro area seasonally adjusted volume of retail trade decreased by 3.0% in December over November, up by 2.0% year-over-year: Eurostat
February 4, 2022
UK SME manufacturing output grew in three months to January as costs growth remained at record high; business sentiment, export optimism both worsened in the quarter: CBI
February 3, 2022
J.P.Morgan Global Composite PMI slips to 51.4 in January from 54.3 in December, remains in growth territory for nineteenth consecutive month, with growth quickest in Ireland, UK; US registered growth below global average for first time in year-and-a-half
February 3, 2022
IHS Markit US Services PMI in January down to 51.2 from 57.6 in December, slowest rate of increase in output in current 18-month growth sequence; spread of the Omicron variant hampered upturn in new business as domestic, foreign demand conditions weakened
February 3, 2022
IHS Markit/CIPS UK Composite Output Index rose to 54.2 in January from 53.6 in December, Services PMI up to 54.1 from ten-month low of 53.6 in December; recovery gained momentum as constraints from Omicron variant began to ease, customer demand rebounded
February 3, 2022
IHS Markit Eurozone Composite PMI in January decreases to 52.3 from December's 53.3; weakest increase in businesses activity since the index moved back into growth territory last March, reflecting softer growth among service providers
February 3, 2022
Century Communities' Q4 net income up 80% year-over-year to US$165.0M, home sales revenues rise 22% to US$1.2B, net new home contracts up 5% to 2,700 contracts; 2021 net income up 142% to US$498.5M, revenues up 33% to US$4.2B, contracts up 11% to 12,017
February 2, 2022
CoreLogic US Home Price Index up 15% year-over-year in December, fueled by persistently low supply of for-sale homes; new home building, a rise in mortgage rates in motion to help relieve some of the pressure and temper the rapid home price acceleration
February 2, 2022
US Rapid Action Consortium's free playbook provides rapid antigen testing guidelines for workplace testing programs; book includes 11-step action plan to establish protocols, information on assembling a core operating team, reporting test results and more
February 2, 2022
Survey of over 2,000 US workers shows 48% of businesses have not communicated plans for returning to the office amid the latest COVID-19 wave; only 9% of workers currently in office full-time, while 46% are fully remote, 45% are hybrid
February 2, 2022
Average US real estate broker compensation was 2.63% of the sale price during the three months to Nov. 30, down from 2.69% a year earlier; sellers expect to attract multiple offers during a period of historic shortage of houses for sale: Redfin
February 2, 2022
PulteGroup's board of directors approve US$1.0B increase to its share repurchase authorization; CEO says increase aligns with defined capital allocation priorities, invest in the business, pay a dividend, repurchase shares, maintain modest leverage
February 1, 2022
NVR reports Q4 income up 10% year-over-year to US$334.6M on consolidated revenues 5% lower to US$2.23B; new orders increased 4% to 5,685 units, average sales price up 14% to US$454,900
February 1, 2022
Global services trade increased in Q3, up 25% year-over-year, remains 5% below pre-pandemic levels; rise driven by digitally deliverable services such as computer, financial and business services, transport up as well boosted by surging shipping rates
February 1, 2022
Paychex | IHS Markit Small Business Jobs Index gained 0.39% in January to 101.33; hourly earnings growth continued to show strength with an increase to 4.43%, remaining at its peak level hit in December
February 1, 2022
Euro area unemployment at 7.0% in December, down from 7.1% in November and from 8.2% in December 2020; an estimated 11.481 million in the euro area were unemployed in December: Eurostat
February 1, 2022
US construction spending in December estimated at seasonally adjusted annual rate of US$1.6T, up 0.2% from November, 9.0% year-over-year; private construction up 0.7% over November to US$1.3T, residential construction up 1.1% to US$810B: Dept. of Commerce
January 31, 2022
Share of US single-family homes for sale in December that were new construction rose to a record 34.1% from 25.4% a year earlier; overall inventory down to record low in December, inventory of existing homes down 14.2% year-over-year: Redfin
January 31, 2022
Canada's Industrial Product Price Index rose 0.7% in December from November, up 16.1% year-over-year; Raw Materials Price Index fell 2.9% on a monthly basis in December, but increased 29.0% year-over-year: Statistics Canada
January 31, 2022
Euro area GDP increased by 0.3% in Q4 compared to the previous quarter; GDP increased by 5.2% year-over-year: Eurostat
January 31, 2022
US national gas price average up three cents to US$3.36 in week ended Jan. 31; increase is due to rising tensions along the Ukrainian border, sanctions on Russia based on actions towards Ukraine could cause it to withhold crude oil from global market: AAA
January 31, 2022
UK private sector activity down for second straight survey in three months to January as distribution activity grew faster than previous rolling quarter, manufacturing output eased; consumer services activity fell for first time since three months to June
January 28, 2022
University of Michigan's Index of Consumer Sentiment posts final January reading of 67.2, down from December's 70.6 on lower expectations for economy, personal finances; extreme reactions linked to Omicron variant, higher inflation, falling real incomes
January 28, 2022
European Commission's Economic Sentiment Indicator in January fell 1.1 points from December to 112.7 in the euro area; increase in households’ intentions to make major purchases offset by pessimistic expectations about their future financial situation
January 28, 2022
US disposable personal income rose 0.2% in December over November, personal consumption expenditures fell 0.6%; increase in personal income reflected increase in compensation, partly offset by decrease in proprietors' income: Dept. of Commerce
January 28, 2022
Compensation costs for US civilian workers increased 1.0% in Q4, seasonally adjusted, and up 4.0% year-over-year; wages and salaries rose 1.1% in Q4, benefit costs increased 0.9%: BLS
January 27, 2022
Meritage Homes' Q4 net earnings rise 56% from year ago to US$237.5M on home closing revenues up 6% to US$1.5B, home closing gross margin at 29% while orders rise 6% to 3,367; company will align orders with production, affected by supply constraints
January 27, 2022
Taylor Morrison named to 2022 Bloomberg Gender-Equality Index for fourth straight year, recognized for greater transparency, inclusive work environment in its male-dominated industry; women represent 46% of company's workforce, 44% of the corporate board
January 27, 2022
Canada's payroll employment rose by 37,200, or 0.2% in November to within 0.4% of its pre-pandemic level, led by gains in Quebec; average weekly earnings little changed at C$1,131 in November: Statistics Canada
January 27, 2022
Euro area household real consumption per capita increased by 4.1% in Q3 after increasing by 3.6% in the previous quarter; household real income per capita increased slightly in Q3 by 0.1%, after an increase of 1.1% in Q2: Eurostat
January 27, 2022
US housing gained a record US$6.9T in 2021, nearly doubling previous largest annual gain of US$3.7T in 2005, full housing stock now worth US$43.4T; strong demand, limited supply drove up home values by 19.6% in 2021 : Zillow
January 26, 2022
Gross US job gains from opening and expanding private-sector firms down 13,000 to 8.1 million in Q2; gross losses from closing and contracting private-sector firms up 779,000 to 7.2 million, yielding net employment gain of 893,000 jobs: BLS
January 26, 2022
Median US rental price grew 19.3% year-over-year to US$1,781 in December, hitting sixth straight months of double-digit growth; rental trends reflect a shift in demand towards smaller rental units common to major metro centers: Realtor.com
January 26, 2022
Sales of new US single‐family houses in December at seasonally adjusted annual rate of 811,000, up 11.9% from revised November rate, down 14.0% year-over-year; median sales price at US$377,700, inventory at end of December at 403,000: Dept. of Commerce
January 26, 2022
US commercial crude oil inventories in week ended Jan. 21 increased by 2.4 million barrels from the previous week to 416.2 million barrels; inventories are about 8% below the five year average for this time of year: EIA
January 26, 2022
Bank of Canada holds its target for the overnight rate at the effective lower bound of 0.25%; bank is continuing its reinvestment phase, keeping overall holdings of Government of Canada bonds roughly constant
January 25, 2022
Study finds there is a disconnect between US enterprises and employees regarding satisfaction with learning and development programs; 84% of enterprises report being satisfied with success of their programs compared to 55% of employees: IPSOS
January 25, 2022
Deloitte: US economy could gain US$3T if it rapidly decarbonizes over next 50 years, and this transformation could add nearly 1 million more jobs to US economy by 2070; however, insufficient action on climate change could cost US economy US$14.5T by 2070
January 25, 2022
US average on-highway diesel fuel prices in week ended Jan. 24 rises to US$3.780/gallon from US$3.725/gallon last week; average regular gasoline prices rises to US$3.323/gallon from US$3.306/gallon
January 25, 2022
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