Private sector employment increased by 122,000 jobs in July, ADP reported. Year-over-year, compensation was up 4.8%.
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Canadian Real GDP Increases 0.2% in May
Real GDP grew 0.2% in May, following a 0.3% increase in April. Goods-producing industries were up 0.4% and were the main contributor to the overall growth.
FHFA Home Price Index Unchanged Month-Over-Month but Up Year-Over-Year in May
US house prices, seasonally adjusted, remained stable in May. Year-over-year, prices rose 5.7%. The previously reported 0.2% price increase in April was revised upward to 0.3%.
S&P CoreLogic Case-Shiller US National Home Price Index Reports 5.9% Annual Gain in May
The Index, covering all nine US census divisions, posted an annual gain of 5.9%, down from a 6.3% gain in April.
US Consumer Confidence Index Increases in July
The Conference Board Consumer Confidence Index® increased to a reading of 100.3 in July, up from 97.8 in June.
US Job Openings and Labor Turnover Summary for June
As of the last business day in June, the number of job openings was 8.2 million, unchanged from May’s revised level. However, the measure was down 941,000 year-over-year.
Typical US Homebuyer’s Monthly Payment Drops $166 to Lowest Level in Four Months
During the four-week period ending on July 21st, the typical US homebuyer’s monthly housing payment was $2,671, Redfin reported.
US Housing Share of GDP Remains Above 16% Despite Declines in Residential Investment
Housing’s share of the US economy stayed level at 16.1% in Q2, according to the BEA and NAHB.
US Personal Income and Outlays for June
Personal consumption expenditures (PCE) increased $57.6 billion, or 0.3%.
University of Michigan Reports the Final Results of Its Consumer Sentiment Index for July
The University of Michigan Index of Consumer Sentiment declined to a reading of 66.4 in July, down from 68.2 in June. This is a month-over-month decline of 2.6%.