Labor/Economy

January numbers show that construction and manufacturing jobs are hot, while professional and business services jobs are not. Also, the Congressional Budget Office reports a shrinking budget deficit.

The U.S. economy created 113,000 jobs in January and the unemployment rate falls to 6.6 percent. In addition, Trulia reports that home prices continue to rise, albeit at a slower rate.

Job growth remains steady in spite of winter weather according to analysis of the latest ADP numbers. In addition, the Fed reports that most domestic banks are easing their lending standards on a variety of business and consumer loans.

The Congressional Budget Office estimates a $514 billion deficit for 2014. In addition, CoreLogic reports that year-over-year home prices are up 11 percent for December, though the trend points to a plateau.

While investors continue to stare down a potential market correction, good news in the multifamily sector comes from the NAHB’s 55+ Housing Market Index and the Census Bureau.

The Bureau of Economic Analysis reports that personal income ticked up in December, though the Reuters /University of Michigan sentiment index shows that consumers are a bit more glum.

The Bureau of Economic Analysis reports that GDP went up 3.2 percent in 4Q13. The NAR’s pending home sales index falls in December, in part due to disruptive weather.

NMHC and AGC respond to the State of the Union address and the Fed continues tapering. In addition, CoreLogic reports a 24 percent decrease in foreclosures for 2013.

Year-over-year home prices up 13.7 percent and state unemployment rates edge down.