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Sales of existing U.S. homes jumped 12.3% in December over November's levels, the National Association of Realtors said. December's existing-home sales rose to a seasonally-adjusted annualized rate of 5.28 million.
This provides an encouraging end to the worst year since 1997, as the collapse in house prices and a wave of foreclosures depressed activity over the 12-month period.
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Housing
Sales of existing U.S. homes jumped 12.3% in December over November's levels, the National Association of Realtors said. December's existing-home sales rose to a seasonally-adjusted annualized rate of 5.28 million.
This provides an encouraging end to the worst year since 1997, as the collapse in house prices and a wave of foreclosures depressed activity over the 12-month period.
Jan 20 · 3:40:00 PM
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by Larry Etter
Housing
The Commerce Department today reported that new-home sales slipped 2.2% to an annual pace of 308,000, seasonally adjusted, which is the lowest rate since the government began tracking the data in 1963. The rate of sales is down 13% compared to February 2009
Bad weather may have impacted sales.
Mar 24 · 11:58:00 AM
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by Larry Etter
Housing
Sales of previously owned U.S. homes fell slightly in February, The National Association of Realtors said. Sales fell 0.6 percent month-over-month to an annual rate of 5.02 million units, the third straight month of declines in sales. January's sales were unrevised at 5.05 million units.
This points to the fragile nature of the housing market's recovery
Mar 23 · 11:16:00 AM
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by Larry Etter
CPI
Tthe Consumer Price Index was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the index increased 2.1 percent before seasonal adjustment.
Monthly consumer price inflation hasn't been this low since March of last year
Mar 18 · 11:36:00 AM · Source: Company Press Release
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by Larry Etter
Unemployment
Less Americans filed first-time claims for jobless benefits last week for the third consecutive time, the Labor Department reported today. The advance figure for seasonally adjusted initial claims was 457,000, a decrease of 5,000 from the previous week's unrevised figure of 462,000. The 4-week moving average was 471,250, a decrease of 4,250 from the previous week's unrevised average of 475,500.
This is a sign the labor market is gradually improving along with the economy.
Mar 18 · 11:33:00 AM · Source: Company Press Release
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by Larry Etter
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