Economy Watch: Home Sales Edge Down in February
Existing home sales dropped by 0.4 percent month-over-month in February, according to the National Association of Realtors.
Economy Watch: Tapering Continues, and So Do Low Interest Rates
The Federal Open Market Committee said that U.S. economic growth slowed during the winter months, mainly because it’s been a hard winter.
Economy Watch: Housing Starts Stagnate in February
Housing starts in February came in at an annualized rate of 907,000 units, according to the Census Bureau.
‘Economy Watch’ Podcast with Dees Stribling: Retail Sales Up
Retail sales up, and service-sector businesses are doing better (mostly).
Economy Watch: Homebuilders a Little Less Glum
Builder confidence in the market for new single-family homes rose one point in March to 47 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Economy Watch: Consumers Grumpier in March
The Reuter’s/University of Michigan’s consumer sentiment index dropped a little more than expected for its mid-March reading.
Economy Watch: Most Industries Hiring in February; Trade Deficit Drops
Most categories of employment saw some kind of net increase during February. Also, total January exports and imports resulted in a U.S. goods and services deficit of $39.1 billion, down from $42 billion in January 2013.
Economy Watch: Moderate Job Growth; Household Net Worth Increases; Negative Residential Equity Shrinks
The modest increase in U.S. jobs continued in February, with the addition of 175,000. Household net worth increased again in the fourth quarter of 2013 to a record level. And 4 million U.S. mortgage holders returned to positive equity in 2013.
Economy Watch: ADP Job Growth Mediocre; Beige Book Talks of Winter’s Impact
Automated Data Processing said that the U.S. private sector created 139,000 jobs in February, the third weak total in three months. Also, according to the Beige Book, most of the 12 Federal Reserve districts reported ‘modest to moderate’ expansion.
Most Active Residential REITs
This month, MHN offers an index of the Most Active Residential REITs. We used this opportunity to examine the growth of these publicly traded firms.