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Economic Briefing Blog

Understanding the Trend in Multi-Family Housing Growth During the Recovery

As the housing market continues to recover from the recession, it is interesting to look at how the makeup of the market has changed. As we can see from the following chart, multi-family housing starts have returned to more than 70 percent of their pre-recession peak, while single-family housing starts have only recovered a small amount from their recession low. Moreover, multi-family housing has grown in most major metropolitan areas over the last few years, not just a few large cities.

Expanding Broadband Access to Businesses Nationwide

Just as more Americans are finding broadband essential to life at work and home, most businesses also need high-speed Internet service to remain competitive. The nation has made good headway in efforts to expand broadband access to work places, according to a new report from the U.S. Commerce Department’s National Telecommunications and Information Administration (NTIA) and Economic and Statistics Administration (ESA).

Let's Talk Turkey: U.S. Turkey Production and International Trade

This year is the 150th anniversary of President Abraham Lincoln’s proclamation establishing Thanksgiving as a national holiday. Today we are presenting some data tidbits on U.S. production and international trade in turkeys and turkey products – the main course of many Thanksgiving celebrations. (The wild turkey would also have been our national symbol if Benjamin Franklin had had his way).

Spotlight on Exporting Businesses Owned by Veterans

Monday, November 11, 2013, is Veterans Day. This national holiday was originally established as “Armistice Day” to honor American veterans of World War I and their fallen comrades. In 1954, Congress renamed the holiday“Veterans Day” to honor all the women and men who have served in the armed forces.

Foreign Direct Investment in the United States

The United States has been the world’s largest recipient of foreign direct investment (FDI) since 2006. Every day, foreign companies establish new operations in the United States or provide additional capital to established businesses. With the world’s largest consumer market, skilled and productive workers, a highly innovative environment, appropriate legal protections, a predictable regulatory environment, and a growing energy sector, the United States offers an attractive investment climate for firms across the globe.

Horror Films and their Classification as Capital Investment

It’s that time of year of again, time to dress up in your favorite costume, send the kids out to trick-or-treat, and of course, indulge in movies that chill us to the bone. According to Rentrak , three of the top ten DVD & Blu-Ray sales, featured monsters, zombies, or witches for the week ending October 13th. Some of us head to the theater to see the latest scary blockbuster. Others curl up on the couch with a favorite creepy new release or scary classic featuring monsters from Frankenstein to Freddy Krueger.

Economic Indicator: Diminishing Housing Inventory a Sign of Recovering Market

Yesterday, the U.S. Census Bureau released data on new housing starts and building permits. Inventory is an important component of the construction data and recently, as the market has been recovering and completed homes have been selling relatively fast, the aggregate new housing inventory has been declining to some of the lowest levels on record.

Arts and “First Friday” Contribute to Overall Economic Activity in Missoula, Montana

Secretary Penny Pritzker’s visit to Missoula, Montana last week coincided with one of the community’s “First Friday Gallery Night” events. “First Friday’s” are part of a larger effort of the Cultural Council in Missoula to support the arts to benefit the community as a whole. These events include various art galleries, museums, and retail locations, and may feature musical performances, poetry readings, dance and lectures.

Quarterly Workforce Indicators Confirm Manufacturing Job Quality

Jobs in the manufacturing sector have long been considered “good jobs”—a source of above-average wages and benefits, full-time hours, and stable employment for millions of Americans—and previous work by the Economics and Statistics Administration (ESA) has demonstrated the quality of many manufacturing jobs.

An Education Lesson on Seasonally Adjusted Annual Rates

Recently, I was looking into the cost of private elementary education and was surprised to see prices that seemed more like college tuition. As I recovered from the sticker shock, I wondered how the cost of these private schools compare with daycare costs, which, as most parents know, can also be quite shocking. But how can I compare weekly day care costs with annual private school tuition rates? To make matters more complicated, school tuition only covers the period from September to May, (i.e.

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