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Fed Charts: How are the Housing Fundamentals Doing?

The New York Fed just put out an economic recap of the U.S. economy [1] that is chock full of charts and data.

NYC employment growth is strong…

7-13-2015NYFedregionalempl [2]

But nationally, unemployment is falling but those being counted on the roles are falling…

7-13-2015labormktNYFED [3]

Housing starts have ramped up but most is multi-family – driven by freakin’ high rents.

7-13-2015housingstartsNYFED [4]

New single family home sales are lagging existing home sales (see chart above)…

7-13-2015newexisthomesNYFED [5]

And we wonder why the economy doesn’t feels so good…anemic wage growth…

7-13-2015hourlywageNYFED [6]