The New York Fed’s SCE Housing Survey, which provides information on consumers’ housing-related experiences and expectations, shows a modest decline in home price growth projections. However, the majority of households still view housing as a good financial investment.
Earnings growth and household income growth expectations fell somewhat, according to the June Survey of Consumer Expectations. However, more people expressed optimism about the U.S. economy, saying they expect the nation’s unemployment to be lower one year from now than it is today.
A new interactive web utility details school spending in New York City. Users can observe how much each community school district spends per student in 2012 dollars. Users can also compare between two forms of school finance data: (i) “adjusted” data that controls for student categories that receive differential funding from the city based on students’ needs and (ii) raw data that does not include this adjustment.
The Fed’s Beige Book, a collection of anecdotal information on current economic conditions, showed that retail sales in the New York Fed's district weakened in April and remained soft in early May. Upstate New York housing markets reported strength, with brisk sales activity and tight inventory. Demand for consumer loans, residential and commercial mortgages were all up since the last report in mid-April.
The latest U.S Economy in a Snapshot showed slowing payroll growth in May. Indicators provided mixed signals about the state of manufacturing whereas headline inflation rose due to higher energy prices.