US Initial jobless claims will be announced on Thursday at 15:30 MT time.
American apartment vacancy rate soars moderately in the third quarter
The US apartment vacancy rate tacked on marginally during the third quarter versus the second. That’s what a report from Reis Inc revealed.
The vacancy rates went up in 50 of 79 metros as many financial experts saw high construction, which surpassed demand, as the real estate research company informed.
Additionally, the national vacancy rate ascended moderately from 4.4% to 4.5% during the third quarter, as Reis unveiled.
As for asking rent, it rallied 1%, while effective rent added 0.9%. Year-over-year they leapt respectively 3.8% and 3.3%, as the report states.
Total inventory is still believed to inch up considerably this year and in 2018.
By the way, in the third quarter, with up to 47,271 units, construction turned to be lower than expected again, as the company disclosed.
New construction demonstrated 47,271 units, sliding from 51,925 units reached in 2016 and also down from 51,804 units demonstrated in the second quarter.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!