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My OHNY Weekend

The 15th anniversary Open House New York (OHNY) weekend took place Saturday and Sunday, October 14 and 15. I was giving a walking tour for the 92Y on Saturday, so Sunday was the only day for me to get out and see some OHNY sites. I decided on one — well actually a few, all in one location: the buildings of McKim, Mead and White, Robert A.M. Show More Summary

August business inventories rose 0.7 percent, largest increase in 9 months

U.S. business inventories recorded their biggest increase in nine months in August, suggesting that inventory investment could boost economic growth in the third quarter.READ MORE

October consumer sentiment surges to highest level since early 2004

Consumer sentiment surged in early October, reaching its highest level since the start of 2004. The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints. The data indicate a...Show More Summary

September retail sales jumped by 1.6 percent, highest jump since March 2015

September retail sales jumped by 1.6 percent, or the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations.READ MORE

September CPI up 0.5 percent from August and 2.2 percent year-on-year

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent. READ MORE

Book Briefs #31: A Trio of Wright

"Book Briefs" are an ongoing series of posts with short first-hand descriptions of some of the numerous books that make their way into my library. These briefs are not full-blown reviews, but they are a way to share more books worthy...Show More Summary

Study: Productivity Gains in Construction Could Dramatically Increase Outcomes and Profits

It’s easy to state the importance of the construction industry, as it provides the foundation which makes most economic trade even possible. Globally, this industry behemoth of about $10 trillion accounts for 13 percent of worldwide GDP, and employs seven percent of its workforce. Show More Summary

Initial unemployment claims decline 15,000 in latest report

In the week ending October 7, initial unemployment claims were 243,000, a decrease of 15,000 from the previous week's revised level. The 4-week moving average was 257,500, a decrease of 9,500 from the previous week's revised average.READ MORE

Federal Reserve meeting minutes indicates December interest rate hike is likely

Federal Reserve officials see the economy expanding at a steady clip and indicate that an interest rate hike later this year is a near lock, despite some divisions over where inflation is headed.READ MORE

September Producer Price Index up 0.4 percent from August and 2.6 percent year-on-year

The Producer Price Index for final demand advanced 0.4 percent in September. On an unadjusted basis, the final demand index increased 2.6 percent for the 12 months ended in September, the largest rise since an advance of 2.8 percent for the 12 months ended February 2012.READ MORE

September Fannie Mae Home Purchase Sentiment Index rose 0.3 points, matching previous record high

The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. Renter respondents, in particular, buoyed the net good time to buy component, showing a substantial upward change in optimism in September.READ MORE

Mortgage applications fall 2.1 percent in latest survey

The Market Composite Index decreased 2.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 0.1 percent and refinances falling 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.16 percent.READ MORE

2 weeks left to register for the 8th annual Inland Empire Economic and Forecast Conference on 10/25/17

It's only 2 weeks away! The Housing Chronicles Blog and MetroIntelligence are pleased to partner as a sponsor with the UC Riverside School of Business' Center for Economic Forecasting & Development for their next economic conference on October 25, 2017 in Riverside, CA. Show More Summary

Job openings dipped 0.9 percent in August, larger declines in both hires and separations

The number of job openings dipped 0.9 percent from July to 6.1 million on the last business day of August. Over the month, hires and separations fell by 1.6 and 2.5 percent to 5.4 million and 5.2 million, respectively.READ MORE

Small Business Optimism Index fell by 2.3 points in September to 103

The NFIB Index of Small Business Optimism tumbled in September from 105.3 to 103 led by a steep drop in sales expectations, not just in hurricane-affected states, but across the country.READ MORE

'Scaffolding' at the Center

Scaffolding opened at the Center for Architecture on October 2, 2017, and runs until January 18, 2018. The exhibition is curated by Greg Barton, who "examines the extraordinary applications of scaffolding as a kit-of-parts technology...Show More Summary

August wholesale inventories rose by fastest pace since November 2016

Wholesale inventories increased a seasonally adjusted 0.9% in August from the prior month, the fastest pace since November 2016. Sales in August were up 1.7% from the revised July level.READ MORE

August consumer credit use slowed from July, but YTD borrowing up 6.7 percent

Total consumer credit slowed to a gain of $13.1 billion, after a $17.7 billion jump in the prior month, Credit growth was up at a 4.2% annual pace in the month, down from a 5.7% pace in July. For all of 2016, consumer borrowing rose at a 6.7% rate.READ MORE

Today's archidose #982

Here are some photos of The Silo (2017) in Copenhagen, Denmark, by COBE. (Photos: Ken Lee) To contribute your Flickr images for consideration, just::: Join and add photos to the archidose poolTo contribute your Instagram images for consideration, just::: Tag your photos #archidose

Storefront 'Souvenirs'

Yesterday I stopped by the Storefront for Art and Architecture to check out Souvenirs: New New York Icons, which is on display until November 18. The most noticeable aspect of the exhibition design is the transformation of Steven Holl and Vito Acconci's iconic facade by MOS Architects. Show More Summary

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