On today’s Hot Sheet, Byron Lazine discussed new housing inventory and labor market data shaping the broader economic outlook. According to Logan Mohtashami’s Housing Market Tracker, weekly pending home sales climbed to 79,220 from 74,212 a year ago while inventory growth slowed to 1.49% year over year, with improved mortgage spreads helping keep rates below 7%.
Byron also covered the U.S. Bureau of Labor Statistics’ April 2026 Employment Situation report, which showed nonfarm payrolls increased by 115,000 while unemployment held steady at 4.3%, with hiring gains concentrated in health care, transportation and warehousing, retail trade, and social assistance as federal government and information sector employment declined.
