Monthly Archives: August 2016

Sales of new single-family houses in July 2016 were 654,000 at a seasonally adjusted annual rate (SAAR), up 12.4 percent from June’s revised rate and up 31.3 percent from July 2015.

Sick Spending Annual US healthcare spending is $8,713/person, by far the highest in the world. Switzerland comes next at $6,325/person, followed by Norway at $5,852/person. Canada is 10th at $4,351/person, less than half the US total. Among developed nations, Korea … Continue reading →

Building permits in July 2016 were at a seasonally adjusted annual rate (SAAR) of 1,152,000, down 0.1 percent from the revised June rate, but up 0.9 percent from July 2015. Housing starts in July 2016 were at a SAAR of … Continue reading →

labor The good news is that Wake County ranked 51 out of the largest 343 U.S. counties in employment growth. The bad news is Wake County ranked 218 out of 343 in terms of percentage wage growth. Each of these … Continue reading →

corelogic

Rising Rentership Last week, we learned that the seasonally-adjusted homeownership rate declined to 63.1%, the lowest level since 1965, yes 1965, and a steep fall from the peak of 69.4% in 04Q2. Since the start of the recession in 01/08, … Continue reading →