US real GDP grew at an annual rate of 2.1% in Q1, an upward revision from the “second” estimate.
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US Personal Income and Outlays for May
Personal income rose 0.7% and personal consumption expenditures rose 0.7% in May.
US Weekly Initial Jobless Claims Decline in the Week Ending June 20
The advance figure for seasonally adjusted initial unemployment claims was 226,000, a decrease of 12,000 from the previous week.
US New Single-Family Home Sales Fall in May
New residential single-family home sales were at a seasonally adjusted annual rate of 580,000 in May, 7.3% below the April rate.
New US Tariffs Could Replace Expiring Trade Duties by Late July
A new round of US tariffs could arrive before existing duties expire, potentially keeping pressure on global supply chains, FreightWaves and Flexport reported.
US Home Prices Rise in May at Fastest Monthly Pace Since January
US home prices rose 0.3% in May on a seasonally adjusted basis, Redfin reported. Year-over-year, prices rose 2.5%, the fastest gain in six months.
US Mortgage Applications Rise in the Week Ending June 19
Mortgage loan application volume increased 1.0% on a seasonally adjusted basis from one week earlier, MBA reported.
State-Level Construction Employment Data for May
Construction employment rose in 23 states and DC in May, with the industry overall adding 17,000 jobs, the BLS and NAHB reported.
UC Berkeley Researchers Turn Fire-Affected Forests Into Building Materials
UC Berkeley researchers are exploring ways to turn wood from fire-affected forests into dowel-laminated timber and other building materials, ABC7 reported.
ABC Nonresidential Construction Backlog Indicator Rises in May; Contractor Confidence Falls
ABC’s Construction Backlog Indicator rose to 9.1 months in May, lifted by data center work even as contractor confidence retreated.