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Tag Archives: housing industry

Will September’s Weak Jobs Report Slow Down Housing Growth?

While the national unemployment rate held steady at 5.1 percent from August (the U6 rate, the broadest measure of unemployment, fell 3 basis points to 10 percent), September saw a gain of just 142,000 jobs, bringing the average monthly total for the first nine months of 2015 down to 198,000, according to the September 2015 Employment Summary released by the Bureau of Labor Statistics (BLS) on Friday. By comparison, average monthly job gains for the first nine months of 2014 totaled 260,000.

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Housing Grabs 15 Percent of Q4’s GDP Growth

In the third estimate for the nation's fourth-quarter gross domestic product (GDP) growth recently released, housing retained a 15.25 percent share of the 2.2 percent GDP growth, according to the U.S. Bureau of Economic Analysis.

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HUD Secretary Castro to Speak at DC Luncheon on January 13

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro is scheduled to speak at the National Press Club (NPC) luncheon on Tuesday, January 13, to address the state of the housing industry and what HUD's plans are for 2015, the NPC announced on Tuesday.

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