Job growth trended downward and came in below expectations in June, per the latest findings from the U.S. Bureau of Labor Statistics. This adds another data point as the Federal Reserve moves to consider adjusting interest rates in coming months; in previous months, the Fed has been caught between both rising inflation and a weak…
After a negative report in late May, which came on the heels of three months of gains, nonprofit research firm The Conference Board’s Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, inched up by 0.6 points to 91.2 in June, up from a downwardly…
Nonprofit research organization The Conference Board’s Leading Economic Index (LEI) for the U.S.—which provides an early indication of significant turning points in the business cycle and where the economy is heading—increased slightly by 0.1% in May to 99.3, following a 0.2% increase in April, with plenty of uncertainty still around the future. After these two…
Home sales are expected to be modestly better in the second half of 2026, provided that inventory and housing supply continue to expand, as National Association of Realtors® Chief Economist Dr. Lawrence Yun said during the Residential Economic Issues and Trends Forum at the 2026 REALTORS® Legislative Meetings. NAR’s current forecast calls for existing-home sales…
Consumers are feeling some minor relief as summer approaches, however the weight of economic challenges is still exuding some downward pressure, according to the latest data from the University of Michigan. In the preliminary results for June, the Index of Consumer Sentiment saw a positive shift for the first time in three months, jumping up…
The labor market remains in good standing, beating out economist expectations for another month in May as the rest of the economy continues to waiver under the pressure of geopolitical uncertainty. The latest Employment Situation Summary from the Bureau of Labor Statistics saw the U.S. add 172,000 jobs in May, “well above forecasts ranging from…
Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. Spring 2026 is shaping up better than previous years, leaving real estate professionals brimming with expectations for the potential of an even better summer as certain housing economy indicators continue to improve. However, lingering economic uncertainty remains, leaving some…
Consumers’ view of the U.S. economy has been shaped by the ongoing conflict between the U.S. and Iran, which has boosted inflation in large part due to rising energy prices. The uncertain timeline for an end to the conflict has in turn led to an uncertain economic outlook, including by those at the Federal Reserve.…
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Consumer sentiment experienced a third consecutive month of decline this month, per the University of Michigan’s closely watched survey of consumers. Consumer sentiment went from 49.8 in April to 44.8 in May, a 10% drop. The dramatic decline underscores how severely the Iran conflict, combined with soaring energy prices and trade uncertainty, has eroded American…
The economy has seen numerous challenges over the past few months, from a soft but improving labor market to high inflation. The latter, largely attributed to the ongoing U.S.-Iran War and resulting energy price spikes, has also driven mortgage rates upward, and the Federal Reserve has signaled willingness to increase interest rates if inflation continues…
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