New economic data this week delivers fresh evidence of the exceptional strength and accelerating momentum of the American economy under President Donald J.
Trump. America’s core fundamentals are firing on all cylinders — producing tangible wins for families, workers, and businesses nationwide.
The housing market shows clear progress on supply and affordability.
New residential constructionsurgedlast month to its highest level in more than a year, reflecting strong momentum in expanding housing supply.
Home prices havedeclinedon an annual basis in more than half the country, reversing years of rapid increases and improving affordability for families and first-time buyers.
Rent growthslowedto its lowest pace since President Trump’s first term, with single-family rent growth hitting a record low.
Income growth is nowoutpacingrent growth nationwide, returningthe typical share of income spent on rent close to pre-pandemic levels.
President Trump’s pro-growth agenda is fueling a manufacturing resurgence.
Orders for business equipmentpostedtheir largest surge in more than six years, while shipments of machinery and equipment alsoshatteredexpectations— strong signals of expanding industrial capacity.
The Richmond Fed manufacturing surveyjumpedto its highest reading in years, joining similarly strong performances from the PhiladelphiaandNew YorkFeds, pointing to a broad-based pickup in factory activity across the nation.
Strong consumer confidence and a robust labor market are driving continued momentum.
Consumer confidencerosesharply in March, crushing economists’ expectations as Americans grow more optimistic about business and labor market conditions.
Personal incomedoubledexpectations in March, rising at its fastest rate in nearly a year, while personal spending remained robust.
U.S. economic growthacceleratedin the first quarter, powered by the strongest expansion in business investment since 2023 and steady consumer demand.
Initial jobless claimsplungedlast week to their lowest level since 1969, highlighting the exceptional strength of the labor market.
America is building, investing, and growing once again — because President Trump has put American jobs, American manufacturing, and American prosperity first.