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Atlanta, Georgia
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Although mortgage rates rose, homeownership affordability declined only slightly in August due to more moderate growth in home prices. Homeownership affordability declined marginally from July to August, down by 0.6%, to the lowest level since July 2024.
atlfed.org/49LVIoH
More highlights of the recent update to our Home Ownership Affordability Monitor (HOAM) in the thread below.
Just over 82% of all metros in the US were considered unaffordable in August (i.e., the median-income household in the metro area would need to spend more than 30% of its annual income to afford the median-priced home).
Use our interactive Home Ownership Affordability Monitor for more insights on national and local homeownership affordability trends. atlfed.org/49LVIoH
On October 20, the #GDPNow model nowcast of real GDP growth in Q3 2026 is 3.5%: bit.ly/32EYojR. #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast: atlfed.org/46BOWkD.
#SmallBusiness owners: We are seeking responses to the Small Business Credit Survey, which generates reports throughout the year to provide insights to policymakers, service providers, and lenders. Set aside a few minutes to make your voice heard: atlfed.org/4exJao8.
ALT Graphic with text:\n\nRespond now!\n\nSmall Business Credit Survey\n\nFederal Reserve Banks of Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, St. Louis, San Francisco
A recent Policy Hub paper shows that while shipping cost changes usually have little effect on producer prices, broad and persistent shocks—like those during the pandemic—lead to much stronger and delayed pass‑through costs. These findings suggest that the economic impact of trade‑cost shocks depends not only on their size but on how widespread and long‑lasting they are, which is critical for policymakers assessing future inflation risks: atlfed.org/3TZLX2B.
On October 15, the #GDPNow model nowcast of real GDP growth in Q3 2026 is 3.6%: bit.ly/32EYojR. #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast: atlfed.org/46BOWkD.
While there is a broad-based slowing among some the near-term measures of underlying CPI inflation, all the year-over-year measures on the dashboard are still elevated relative to the FOMC's price stability mandate. atlfed.org/4ygRorT
October 14: We’ve updated our Taylor Rule Utility data by incorporating #BLSdata in addition to updated nowcasts from the @ClevelandFed and Atlanta Fed: atlfed.org/4Bpb67R.
The Atlanta Fed's sticky-price consumer price index (CPI)—a weighted basket of items that change price relatively slowly—rose 3.4% (on an annualized basis) in September, following a 3.1% increase in August. On a year-over-year basis, the series is up 2.8%.
On a core basis (excluding food and energy), the sticky-price index rose 3.5% (annualized) in September, and its 12-month percent change was 2.8%.
The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—Increased 22.2% (annualized) in September and on a year-over-year basis, the series is up 6.1%.
atlfed.org/4zxBDhs
The Atlanta Fed’s Wage Growth Tracker edged down to 3.9% in September from 4.1% the prior month. Both Tracker measures for those not changing jobs and those changing jobs edged down as well. Those not changing jobs from 3.6% to 3.4% and those changing jobs from 5.0% to 4.7%. atlfed.org/3Ui4pU6
On October 8, the #GDPNow model nowcast of real GDP growth in Q3 2026 is 3.6%: bit.ly/32EYojR. #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast: atlfed.org/46BOWkD.
#SmallBiz owners: We are seeking responses to the #SmallBusinessCreditSurvey, which generates reports throughout the year to provide insights to #policymakers, service providers, and #lenders. Set aside a few minutes to make your voice heard: atlfed.org/4AQPfWx.
On October 6, the #GDPNow model nowcast of real GDP growth in Q3 2026 is 3.7%: bit.ly/32EYojR. #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast: atlfed.org/46BOWkD.
Both nonfarm payroll employment (+29,000) and the unemployment rate (4.2%) changed little in September, the @BLS_gov reported today. atlfed.org/4xYIoaG
On October 1, the #GDPNow model nowcast of real GDP growth in Q3 2026 is 3.7%: bit.ly/32EYojR. #ATLFedResearch
Download our EconomyNow app or go to our website for the latest GDPNow nowcast: atlfed.org/46BOWkD.
