The President's Economic Security Agenda (Text Only)

Housing construction in March surged to levels near those of December 2003, when they were at their highest levels in almost 20 years.
In the first quarter of 2004, the national homeownership rate remained at a record high of 68.6 percent, originally set in the fourth quarter of 2003.
Minority homeownership set a new quarterly record of 50.8 percent in the first quarter, up 0.2 percentage points from the fourth quarter and up 1.5 percentage points from the first quarter of 2003.
Inflation remains restrained, with the core CPI rising only 1.6 percent and the core finished-goods PPI rising only 0.7 percent over the last 12 months.
Mortgage rates remain near historic lows, making homebuying easier and more affordable.

Productivity grew from 2000 to 2003 at the fastest 3-year rate in more than 50 years. This has bolstered profits and will lead to significantly higher real wages for workers.
More manufacturers are reporting increased activity and new orders than at any time in 20 years. The ISM Manufacturing employment index in March was at its highest level since 1987.

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		Economists & Industry Respond
		Dept. of Commerce
		Dept. of Labor
		OMB
		Dept. of Treasury