Economy Watch: The Impasse Drags On
The federal government shutdown continued throughout the weekend, though the House voted unanimously on Friday to pay furloughed government workers, who number about 800,000, for the time they’re spending furloughed.
Economy Watch: No Jobs Numbers for September
On Friday, the Bureau of Labor Statistics did not release its customary monthly report on the U.S. employment picture, which is one of the most closely watched economic indicators produced by the federal government.
Economy Watch: ADP Reports Modest Jobs Growth
In a normal first week of the month, Wednesday’s Automated Data Processing report on employment would be a way station on route to more official numbers on jobs from the Bureau of Labor Statistics, and probably not a good predictor of the government numbers.
Economy Watch: Too Soon to Gauge Shut Down Impact
Day One of the federal government shut down, 2013 version, passed without too much incident on Tuesday. As expected, certain functions of the U.S. government came to a halt. Also as expected, Congress didn’t act to resolve the situation.
‘Economy Watch’ Podcast with Dees Stribling: A Good Week, Ahead of the Shut Down
It was actually a pretty good week for the economy, ahead of the shut down.
Economy Watch: Federal Government Shuts Down
Congress was unable to agree on legislation authorizing money for the continued operations of the federal government by midnight on Monday and, as has been expected for some days now, a shutdown began today, the beginning of the government’s fiscal year.
Economy Watch: Personal Income, Expenditures Up in August
The Bureau of Economic Analysis reported that U.S. personal income increased $57.2 billion, or 0.4 percent in August compared with July, and disposable personal income—after taxes, the kind everyone likes—was up 0.5 percent.
Economy Watch: Pending Home Sales Edge Down
According to the National Association of Realtors, the Pending Home Sales Index, a forward-looking indicator based on contract signings (but not closings), dropped to 107.7 in August from a downwardly revised 109.4 in July.
Economy Watch: New Home Sales Up in August
The Census Bureau and HUD reported that sales of new single-family houses in August 2013 were at an annualized rate of 421,000 units. That’s 7.9 percent higher than the revised July rate of 390,000 units and is 12.6 percent above the August 2012 total.
2013 Top Apartment Owners
Our observation is that successful owners are not just traders in and out of properties each time a cap rate adjustment occurs. Cycles come and go, but long-term ownership keeps you looking smarter year over year.


