[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-324525-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-324525-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","finance-facts-may-1977-price-of-homes-real-earnings-employment-situation","FINANCE FACTS - May 1977 - Price of Homes, Real Earnings, Employment Situation","","Finance Facts (May 1977) summarizes major indicators of U.S. consumer finance and economic conditions. It reports changes in home prices, real weekly earnings, and employment trends, including labor force participation and unemployment rates. The publication also covers consumer credit balances by holder and type, gross national product revisions, and the U.S. balance of payments. Additional sections discuss the cost of food at home and the employment and income benefits of college education.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/finance-facts-may-1977-price-of-homes-real-earnings-employment-situation/324525/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/finance-facts-may-1977-price-of-homes-real-earnings-employment-situation/324525.png","ImageObject",300,407,{"name":42,"@type":43},"Olivia Brown","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",9,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What happened to the national median sales price of existing single-family homes in 1976?","Question",{"text":63,"@type":64},"It rose by $2,800 (7.9%) in 1976 to $38,100. The increase was the lowest price advance since 1973 and first below double-digit pace in three years.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How did real gross average weekly earnings change from January to February 1977?",{"text":68,"@type":64},"They increased 0.8% after seasonal adjustment. The rise reflected a 1.4% increase in average weekly hours and a 0.4% increase in average hourly earnings, which offset a 1.0% increase in the Consumer Price Index.",{"name":70,"@type":61,"acceptedAnswer":71},"What was the total consumer installment credit at the end of February 1977?",{"text":72,"@type":64},"Total consumer installment credit was $178.2 billion. It included $85.0 billion at commercial banks, $39.8 billion at finance companies, $35.1 billion at other financial lenders, and $18.3 billion at retail outlets.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},324525,1790343262,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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in this publication may he quoted or reproduced.  \nMAY 1977  \n## PRICE OF HOMES\n\nNational median sales price of existing single-family home rose $2,800 or  \n7.9%in 1976 to $38,100,reports the National Association of Realtors.The increase was lowest price advance since 1973 and marks first timein three years that existing home prices rose at less than a double-digitpace.  \nand Each Region,1976  \nRate of price increases varied substantially among regions of U.S.Double-digit price increases continued in West,at a rate of 16.4%,morethan twice national average.Other regions were more moderate,NorthCentral up 9.3%,Northeast up 6.4%,and South up 4.9%.Median salesprice of $46,100 in West made it highest priced section of U.S.Otherregions were:Northeast at $41,800,South at $36,500,and NorthCentral at $32,900.  \nSales volume for existing single-family homes was just over three millionunits,best year ever for resale market.Dollar volume also grew atrecord pace and stood well above the $100 billion mark at year-end1976.  \n## REAL EARNINGS\n\nReal gross average weekly earnings increased 0.8%from January to Febru-ary after seasonal adjustment.This was due to 1.4%increase in averageweekly hours and a 0.4%increase in average hourly earnings whichoffset a 1.0%increase in Consumer Price Index.Increase in hours reflectsresumption of normal operations after January reductions in operationsdue to weather conditions.  \n## EMPLOYMENT SITUATION\n\nCivilian labor force rose by nearly 400,000 for the second consecutivelarge monthly advance.Labor force has grown by more than one mil-lion workers since January and by 2.7 million since last March;adultwomen accounted for more than half of growth during each period.Civilian labor force participation rate was at new high of 62.0%inMarch.  \nNumber of unemployed persons declined slightly in March to 7.1 million,seasonally adjusted.Over-the-month decline occurred entirely amongpersons who lost their last job,including a large number who wererecalled from layoff.Overall unemployment rate declined to 7.3%.  \n1  \n## CONSUMER CREDIT\n\nTotal consumer installment credit at end February 1977 was$178.2 billion.According to revised Federal Reserve credit categories by holder,$85.0 billion was outstanding at commercial banks,$39.8 billion atfinance companies,$35.1 billion at other financial lenders,and$18.3billion at retail outlets.  \nAccording to revised credit categories by type,$60.8 billion was out-standing in automobile credit,$11.3 billion in mobile home credit,  \n$8.7 billion in home improvement credit,$13.8 billion in revolvingcredit,and $83.6 billion in all other credit(now consisting of otherconsumer goods plus personal loans).  \nNet increase in installment credit outstanding by holder since February1976 amounted to $17.8 billion.This increase was concentrated atcommercial banks up $7.0 billion,other financial lenders up $5.9 bil-lion,and finance companies up $3.4 billion.  \n## GROSS NATIONAL PRODUCT\n\nGross national product increased $35.3 billion in fourth quarter of 1976and is now estimated at a seasonally adjusted annual rate of$1,745.1 bil-lion,according to revised figures.Fourth quarter GNP was revised up  \n$0.8 billion to incorporate additional data on investment income fromabroad.  \n## U.S.BALANCE OF PAYMENTS\n\nBalance of payments for the year 1976 indicate U.S.current account indeficit by $0.6 billion,compared with $11.7 billion surplus in 1975.Themajor contributing factor was $18.3 billion swing in merchandise tradebalance to record deficit of $9.2 billion.Increase of $6.3 billion in netU.S.receipts for service transactions partly offset trade balance shift.  \n## FEDERAL FISCAL POSITION\n\nIncrease in Federal Government expenditures exceeded growth in receiptsin fourth quarter 1976,and Federal deficit as measured in nationalincome and product accounts increased to $59.2 billion at a seasonallyadjusted annual rate. ","cbCaikpNU2U9vj6d","https://ap.wps.com/l/cbCaikpNU2U9vj6d","pdf",1138428,"English","# PRICE OF HOMES\n# REAL EARNINGS\n# EMPLOYMENT SITUATION\n# CONSUMER CREDIT\n# GROSS NATIONAL PRODUCT\n# U.S.BALANCE OF PAYMENTS\n# FEDERAL FISCAL POSITION\n# COST OF FOOD AT HOME\n# ATTENDING COLLEGE","[{\"question\":\"What happened to the national median sales price of existing single-family homes in 1976?\",\"answer\":\"It rose by $2,800 (7.9%) in 1976 to $38,100. The increase was the lowest price advance since 1973 and first below double-digit pace in three years.\"},{\"question\":\"How did real gross average weekly earnings change from January to February 1977?\",\"answer\":\"They increased 0.8% after seasonal adjustment. The rise reflected a 1.4% increase in average weekly hours and a 0.4% increase in average hourly earnings, which offset a 1.0% increase in the Consumer Price Index.\"},{\"question\":\"What was the total consumer installment credit at the end of February 1977?\",\"answer\":\"Total consumer installment credit was $178.2 billion. It included $85.0 billion at commercial banks, $39.8 billion at finance companies, $35.1 billion at other financial lenders, and $18.3 billion at retail outlets.\"}]","FINANCE FACTS - May 1977 - Price of Homes, Real Earnings, Employment Situation | PDF",1789968155,13]