November 1, 2018 Comments Off on Business-Cycle Index Signals Mild Economic Growth Views: 874 San Antonio, Texas News

Business-Cycle Index Signals Mild Economic Growth

The San Antonio Business-Cycle Index reportedly grew at a 2.2% annualized rate in September 2018, a slight increase from the 1.8% reported in August, but below its long-term average of 2.9%. According to metrics released by the Federal Reserve Bank of Dallas, job growth stood at 0.6% year-to-date (through September), while the unemployment rate of 3.3% was unchanged from August.

While job growth was fairly flat, hourly wages increased to its highest level since 2007. Wages year to date grew at a 5.2% annualized rate.

On the real estate side, home inventories continued low, at 3.3 months’ supply, though single-family home construction permits increased 12% year over year. Three-month averages were at their highest levels since 2007, Dallas Fed analysts noted.

Read More at Dallas Fed


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.