About Stern And Company

Nevadan At Work PhotoStern And Company, a Portland, Oregon Strategic Communications and Crisis Managment firm, develops and implements strategic and communications programs for its clients. Its professionals have senior level, long tenured experience as journalists in either the major media or as senior level communications executives at the nation’s leading public relations agencies or major corporations. This blog serves as Stern And Company’s primary website. Please note the sidebar to learn more about Stern And Company, as well as the continuation of this post. Continue reading

March New Family Home Sales Down Sharply

Sales of new single-family houses in March 2014 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 14.5 percent below the revised February rate of 449,000 and is 13.3 percent below the March 2013 estimate of 443,000.

The median sales price of new houses sold in March 2014 was $290,000; the average sales price was $334,200. The seasonally adjusted estimate of new houses for sale at the end of March was 193,000. This represents a supply of 6.0 months at the current sales rate.

Existing Home Sales At Lowest Level In 18 Months

Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to the National Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in the West and South.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.2 percent to a seasonally adjusted annual rate of 4.59 million in March from 4.60 million in February, and are 7.5 percent below the 4.96 million-unit pace in March 2013. Last month’s sales volume remained the slowest since July 2012, when it was 4.59 million. Continue reading

Jobless rate down in 21 states, up in 17 in Mar.; payroll jobs up in 34 states, down in 16

Regional and state unemployment rates were generally little changed in March. Twenty-one states had unemployment rate decreases, 17 states and the District of Columbia had increases, and 12 states had no change, the U.S. Bureau of Labor Statistics reported today. Forty-six states and the District of Columbia had unemployment rate decreases from a year earlier and four states had increases. The national jobless rate was unchanged from February at 6.7 percent but was 0.8 percentage point lower than in March 2013. Continue reading

Housing Permits, Sales, Starts Slow In March

The U.S. Census Bureau and the Department of Housing and Urban Development that Privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 990,000, down 2.4 percent from the revised February rate of 1,014,000, but up 11.2 percent from the March 2013 estimate of 890,000.

Single-family authorizations in March were at a rate of 592,000; up 0.5 percent from the revised February figure of 589,000. Authorizations of units in buildings with five units or more were at a rate of 370,000 in March. Continue reading

Real Average Hourly Earnings Declined In March

All employees

Real average hourly earnings for all employees fell 0.3 percent from February to March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from unchanged average hourly earnings and a 0.2 percent increase in the Consumer Price Index for All Urban Consumers (CPI-U).

Real average weekly earnings rose 0.3 percent over the month due to the 0.3 percent decrease in real average hourly earnings being more than offset by a 0.6 percent increase in the average workweek.

Real average hourly earnings rose 0.5 percent, seasonally adjusted, from March 2013 to March 2014. The increase in real average hourly earnings, combined with an unchanged average workweek, resulted in a 0.5 percent increase in real average weekly earnings over this period.

Production and nonsupervisory employees

Real average hourly earnings for production and nonsupervisory employees fell 0.3 percent from February to March, seasonally adjusted. This decrease stems from a 0.1 percent decrease in average hourly earnings and a 0.2 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

Real average weekly earnings rose 0.6 percent over the month due to the decrease in real average hourly earnings being more than offset by a 0.9 percent increase in the average workweek.

Real average hourly earnings rose 0.8 percent, seasonally adjusted, from March 2013 to March 2014. The increase in real average hourly earnings, combined with a 0.3 percent decrease in the average workweek, resulted in a 0.5 percent increase in the real average weekly earnings over this period.