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ADP: Private sector jobs grew by 235,000 in October

Private-sector employment increased by 235,000 from September to October, on a seasonally adjusted basis. This compares to 110,000 in September and just 62,000 in October of 2016.READ MORE www.metrointel.com

Case Shiller Index up 0.5 percent in August and 5.9 percent year-on-year

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.1% annual gain in August, up from 5.9% in the previous month. Before seasonal adjustment, the National Index posted a month-over-month gain of 0.5% in August.READ MORE www.metrointel.com

October consumer confidence rises to highest level in almost 17 years

Consumer confidence increased to its highest level in almost 17 years October after remaining relatively flat in September. Consumers’ assessment of current conditions improved, boosted by the job market which had not received such favorable ratings since the summer of 2001.READ MORE www.metrointel.com

Employee compensation costs up 0.7 percent in 3Q 2017 and 2.5 percent year-on-year

Compensation costs for civilian workers increased 0.7 percent, seasonally adjusted, for the 3-month period ending in September 2017. Wages and salaries increased 0.7 percent, and benefits increased 0.8 percent. Costs increased 2.5 percent for the 12-month period ending in September 2017. READ MORE www.metrointel.com

State Street Investor Confidence Index hits 6-month low on concerns about more hawkish Fed Chair

The State Street Global Investor Confidence hits 6-month low in October, declining by 7.5 points to 96.9. Confidence in all three regions drops amidst the increasing potential for a new Fed Chair.READ MORE www.metrointel.com

October Chicago Business Barometer rises to highest level since March 2011

The MNI Chicago Business Barometer rose to 66.2 in October, up from 65.2 in September, hitting the highest level since March 2011.READ MORE www.metrointel.com

Disfiguring a PoMo Icon

On Monday Snøhetta released renderings of their proposed renovation of 550 Madison Avenue, better known as the AT&T Building, designed by Philip Johnson and John Burgee and completed in 1984. The main rendering reveals that a section...Show More Summary

Book Review: LOT-EK: Objects and Operations

LOT-EK: Objects + Operations by Ada Tolla and Giuseppe Lignano with Thomas de MonchauxThe Monacelli Press, 2017Hardcover, 400 pages [Cover via LOT-EK] If one architecture firm deserves credit for sticking to its guns, it's LOT-EK. The...Show More Summary

Lennar to buy CalAtantic to become No. 1 home builder

Home builder Lennar has announced an industry-changing purchase of CalAtlantic (itself the merger of Ryland and Standard Pacific in 2015):The business combination will create the nation's largest homebuilder with the last twelve months...Show More Summary

Inflation tracker PCE Price Index up 0.4 percent in September and 1.6 percent year-on-year

The PCE price index increased 0.4 percent in September, and was up 1.6 percent year-on-year. Excluding food and energy, the PCE price index increased 0.1 percent, and was up 1.3 percent year-on-year.READ MORE www.metrointel.com

Personal income up 0.4 percent in September while spending spiked up 1.0 percent

Both personal income and disposable income increased 0.4 percent in September, while personal consumption expenditures (PCE) increased by a much sharper 1.0 percent. The August and September estimates of personal income and outlays reflect the effects of Hurricanes Harvey and Irma. Show More Summary

Today's archidose #985

Here are some black-and-white photos of UNStudio's Central Station (2015) in Arnhem, the Netherlands. (Photos: Marc Lankhorst) 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

Consumer sentiment slips slightly in late October but still at high levels

Consumer sentiment slipped ever so slightly in late October, despite remaining at its highest monthly level since the start of 2004. This is only the second time the Sentiment Index has been above 100.0 since the end of the record 1990's expansion, and its average during the first ten months of 2017 (96.7) has been the highest since 2000 (108.5).READ MORE www.metrointel.com

Third quarter GDP rose by 3.0 percent in first estimate

Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017 according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent. READ MORE www.metrointel.com

IALab commissioned to build The Edge of Chaos

On October 25th at the Cinekid Festival in Amsterdam, the Bartlett’s Interactive Architecture Lab was awarded an art commission of €15,000 for their immersive installation proposal “Edge of Chaos”.  It is one of three original artworks commissioned from 170 entries from 106 countriesto the... Read More

November Talks

Just a heads up on a trio of New York-centric events taking place next month. Descriptions are courtesy the respective venues.November 9 at the Architectural League of New York at 7:00pm:All the Queens HousesPhotographs by Rafael Herrin-FerriRafael...Show More Summary

Initial unemployment claims rise by 10,000 in latest report

In the week ending October 21, initial unemployment claims were 233,000, an increase of 10,000 from the previous week's revised level. The 4-week moving average was 239,500, a decrease of 9,000 from the previous week's revised average.READ MORE www.metrointel.com

Mortgage applications fall 4.6 percent in latest survey as rates rise four basis points

The Market Composite Index decreased 4.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 6 percent percent and refinances falling 3 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.18 percent from 4.14 percent.READ MORE www.metrointel.com

Weekly Bloomberg Consumer Comfort Index mostly flat in latest reading

Americans' confidence held steady last week, remaining near the highest level of the expansion, as faith in the buying climate improved while views on the economy deteriorated slightly.READ MORE www.metrointel.com

September Pending Home Sales Index flat from August, down 3.5 percent year-on-year on supply constraints

The Pending Home Sales Index was at 106.0 in September, unchanged from August. The index is now at its lowest reading since January 2015 (104.7), is 3.5 percent below a year ago, and has fallen on an annual basis in five of the past six months.READ MORE www.metrointel.com

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