Latest Consumer Price Index data leaves door open for March rate cut
Inflation rose at an annual rate of 2.7% in December, leading many to believe the Fed will hold rates steady this month. But if market conditions cool, a March rate cut may be in the cards
by Lillian Dickerson Jan 13
Construction labor market facing 'alarming deterioration'
But an overall weakening labor market could include a silver lining for real estate as it puts downward pressure on mortgage rates
by Taylor Anderson Sep 5
Bureau of Labor Statistics revises job growth downward by 818K
Numbers suggest that the labor market cooled off much faster than previously thought. The Federal Reserve now has a case to make a bigger cut in interest rates come September
by Lillian Dickerson Aug 21
Inflation rises to 3.2% in February, raising doubts about soft landing
Inflation rose 0.4% in February to an annual rate of 3.2%, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index
by Ben Verde Mar 12
How changes to CPI may provide better rent inflation insights
Investment expert and team leader Jen Berbas looks at how changes to the Consumer Price Index's rent measure offer insight into the direction of consumer housing costs
by Jen Berbas Dec 7
Hiring is on the rise, but also worse than once thought. What gives?
Real estate didn't shed an unusual number of workers in August. But there are fewer jobs than it once seemed. Intel explains the paradox
by Daniel Houston Sep 1
What down market? Payrolls are just fine in the brokerage world
Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Aug 4
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12
Builder hiring ramps up while real estate brokerages keep pace
Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jul 7
Hiring in real estate ramps up — but lags behind other industries: Labor
May was a strong hiring month for the US as a whole. But in a down market, real estate didn't quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jun 2
What layoffs? Most of real estate industry is ramping up, data shows
Employers posted another hot hiring month as the spring housing market picked up, exceeding strong overall numbers, according to data released Friday by the US Bureau of Labor Statistics
by Daniel Houston May 5
Real estate adds fewer jobs in an otherwise strong US hiring month
The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data
by Daniel Houston Apr 7
Latest jobs numbers take pressure off wages — and mortgage rates
The real estate industry got 2 kernels of good news in the latest jobs numbers from the US Bureau of Labor Statistics
by Daniel Houston Mar 10
Mass rounds of real estate layoffs still the exception, not the norm
Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to new US Bureau of Labor Statistics' report
by Daniel Houston Feb 3
‘The gate is beginning to open’: Big inflation drop may aid homebuyers
The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and financing, according to new data from Bureau of Labor Statistics
by Daniel Houston Jan 12