Economic Snapshot: Builder confidence rises two points in August

Builders expect the housing market to continue on an upward trajectory for the remainder of the year. Housing Market Index Builder confidence rose two points to 60 in August, up from a downwardly revised reading of 58 in July. “Builder confidence remains solid in the aftermath of weak GDP reports that were offset by positive …
Boating Industry

Economic Snapshot: Few changes for employment

Both the number of unemployed persons and the number of job openings were essentially unchanged this month.   Employment situation Total nonfarm payroll employment rose by 255,000 in July and the unemployment rate was unchanged at 4.9 percent. The number of unemployed persons was essentially unchanged at 7.8 million. Both the unemployment rate and the …
Boating Industry

Economic Snapshot: Existing home sales at highest pace in over nine years

In addition to high existing home sales, the percentage of first-time buyers is at its highest level in four years. Existing home sales Total existing home sales increased 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June, from a downwardly revised 5.51 million in May. Sales are now up 3.0 percent from June …
Boating Industry

Economic Snapshot: Builder confidence rises after four months of stagnation

This increase follows four months of the index holding steady and is the highest reading since January 2016. Housing Market Index Builder confidence in the market for newly constructed single-family homes rose two points to a level of 60 in June. “Builders in many markets across the nation are reporting higher traffic and more committed …
Boating Industry

Economic Snapshot: Unemployment remains unchanged

While the numbers of long-term unemployed and discouraged workers are decreasing, the overall unemployment rate has remained relatively flat for eight months. In addition, the Job Openings and Labor Turnover Survey is essentially unchanged for another month. Employment situation Total nonfarm payroll employment increased by 160,000 and the unemployment rate was unchanged at 5.0 percent …
Boating Industry

Economic Snapshot: Existing home sales drop in February

Existing home sales dropped in February but are up year over year. Conversely, new home sales were up in February but below sales in February 2015. Existing home sales Total existing home sales dropped 7.1 percent to a seasonally adjusted annual rate of 5.08 million in February, down from 5.47 million in January. However, sales […]
Boating Industry

Economic Snapshot: Employment gains remain stagnant

Both the unemployment rate and the number of job openings have remained essentially unchanged month-over-month, and yearly gains are starting to flatten. Employment situation Total nonfarm payroll employment rose by 292,000 in December. The number of unemployed persons was 7.9 million and the unemployment rate was unchanged for the third month in a row at […]
Boating Industry

Economic Snapshot: Existing home sales fall hard in November

Existing home sales dropped to their slowest pace in the past 19 months in November. Prices continue to rise for the 45th month in a row, making it more difficult for first-time buyers to enter the market. Total existing home sales fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November, […]
Boating Industry

Economic Snapshot: Consumer confidence declines after September increase

After a moderate increase in September, consumer confidence declined in October. Consumer confidence has been bouncing back and forth for most of the year, but it remains higher than October 2014 when it was 94.5, the highest level the index had seen since 2007 at the time. Consumer confidence Consumer confidence declined in October, which […]
Boating Industry

Economic Snapshot: Builder confidence at highest level since 2005

Builder confidence rose this month, returning to levels seen at the end of 2005 near the completion of the housing boom. Builder confidence The Housing Market Index rose three points to 64 in October, the highest the index has seen in nearly a decade. The index has held in the 60s since June 2015. “With […]
Boating Industry