Housing starts tumble in September

  • October 18, 2017
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  • realestate

Housing starts ran at a 1.13 million seasonally adjusted annual rate, down 4.7% for the month, the Commerce Department said Wednesday. The consensus was for a 1.17 million pace. Starts were 6.1% higher compared to a year ago. Housing permits, which foreshadow future starts activity, also tumbled. They were down 4.5% for the month, and

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Home builder sentiment jumps to five-month high as industry refocuses on buyers

  • October 17, 2017
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  • realestate

The National Association of Home Builder’s monthly confidence gauge, released Tuesday, jumped four points to a reading of 68, the highest reading since May.

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U.S. import prices surge 0.7% in September

  • October 17, 2017
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  • realestate

The cost of imported goods jumped 0.7% in September in the biggest gain in more than a year, led by fuel prices and industrial supplies. Excluding fuel, import prices rose a smaller 0.3%. Over the past 12 months the import price index has risen 2.7%, up from 2.1% in the prior month, the government said

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Empire State index jumps to three-year high in October

  • October 16, 2017
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  • realestate

The New York Fed reported that its Empire State manufacturing index climbed to a three-year high of 30.2 in October from 24.4 in September, topping the Econoday-compiled consensus of 20. Any reading over zero indicates improving conditions.

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U.S. inflation surges again after hurricane boosts gas prices, CPI shows

  • October 13, 2017
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  • realestate

The consumer price index rose 0.5% in September, the second big increase in a row and the largest in eight months. Economists polled by MarketWatch had forecast a 0.6% gain owing to higher gasoline prices.

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Social Security checks expected to increase

  • October 13, 2017
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  • realestate

Seniors who collect Social Security are slated to receive a 2% increase in their monthly checks in 2018, marking the biggest gain in six years. The cost-of-living adjustment is the largest since a 3.6% increase in 2012. Might not sound like much, but it’s a lot more than the nation’s 42 million retirees got in

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US retail sales rose in September

  • October 13, 2017
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  • realestate

U.S. retail sales were lower than expected in September, but recovered from the prior month’s 0.2 percent slide. The Commerce Department said on Friday retail sales rose 1.6 percent vs. the 1.7% expected.

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Unemployment rolls shrink to 44-year low, jobless claims show

  • October 12, 2017
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  • realestate

Initial weekly jobless claims fell by 15,000 to 243,000 in early October to mark the lowest level in six weeks. Economists polled had forecast claims to total 250,000. The more stable monthly average of new claims dropped by 9,500 to 257,500 in the week ended Oct. 7. The number of people already collecting unemployment benefits,

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U.S. wholesale inflation zooms higher in September

  • October 12, 2017
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  • realestate

The producer price index jumped 0.4% in September. Another measure preferred by economists, known as core PPI, rose a smaller 0.2%. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of wholesale inflation to 2.6%, the highest level since February of 2012.

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August JOLTS lower

  • October 11, 2017
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  • realestate

August JOLTS 6.082M vs. estimates of 6.125M. This report continues to show a very large amount of unfilled jobs, mostly due to a mismatch of skills of workers looking for work vs skills needed for the open position and signifies room to run for wages as competition heats up for the skilled.

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