Real Estate News Feed
Job Openings Nearly Flat
Wed, 03 Sep 2025 14:47:15 GMT
The number of job openings was little changed at 7.2 million in July, the U.S. Bureau of Labor Statistics reported today.
Rate Cut On The Horizon
Tue, 02 Sep 2025 16:20:33 GMT
The US Bureau of Labor Statistics (BLS) is due to report August jobs data this Friday, September 5. The Federal Reserve will also be meeting in two weeks for its latest FOMC meeting, with the CME FedWatch tool highly anticipating an interest rate cut.
New Home Construction Down in Large Metros
Tue, 02 Sep 2025 16:19:40 GMT
"Single-family production continues to lag behind last year's levels due to housing affordability challenges, including persistently high mortgage rates" said NAHB chairman Buddy Hughes.
Construction Spending Inched Down
Tue, 02 Sep 2025 16:19:06 GMT
Spending on private construction was at a seasonally adjusted annual rate of $1,623.3 billion in July, 0.2% below the revised June estimate of $1,626.3 billion.
Slight Gain In Manufacturing
Tue, 02 Sep 2025 16:18:31 GMT
The Manufacturing Purchasing Managers Index (PMI) registered 48.7% in August, a 0.7-percentage point increase compared to the 48% recorded in July, say the nation's supply executives in the latest ISM Manufacturing PMI Report.
The Cheapest Gas In OC Ticks Up
Tue, 02 Sep 2025 16:17:50 GMT
The cheapest gas in Orange County has risen to $3.89 per gallon and can be found at Sinclair in Fullerton. Berri Brothers in Orange and World in Santa Ana offer gas for $3.95 per gallon.