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Pending home sales ticked up 0.2% in November, the National Association of Realtors said Wednesday. NAR’s pending-home sales index tracks real estate transactions in which a contract has been signed, but the deal has not yet been closed. November’s increase missed the consensus forecast of a 0.5% monthly gain from economists surveyed. The index reading
READ MORENew-home sales were at a seasonally adjusted annual rate of 733,000 in November, the Commerce Department said Friday. Sales of newly-constructed homes throttled past expectations as the housing recovery picked up steam. November’s number was 17.5% above a downwardly-revised October and 16% higher than a year ago. That easily beat the consensus of a 658,000
READ MOREThe University of Michigan reported consumer sentiment continued to drift lower in December The final reading of its consumer sentiment index was 95.9 versus November’s 98.5 The preliminary reading was 96.8, and economists polled by expected a revised reading of 97.1. This is the lowest reading since September.
READ MORENew-home sales were at a seasonally adjusted annual rate of 733,000 in November, the Commerce Department said Friday. Sales of newly-constructed homes throttled past expectations as the housing recovery picked up steam. November’s number was 17.5% above a downwardly-revised October and 16% higher than a year ago. That easily beat the consensus of a 658,000 selling
READ MOREDurable-goods orders rose 1.3% in November, below the forecast of a 2% gain. The gain was powered by civilian aircraft orders. Excluding transportation, orders fell 0.1%, the government said. Business investment slipped 0.1% in November after four monthly gains, based on a closely followed measure known as core capital goods orders. These orders have climbed
READ MOREConsumer spending jumped in November, as Americans spent their savings on nondurable goods and services. Outlays rose a seasonally adjusted 0.6% last month, while personal incomes climbed 0.3%, the Commerce Department said Friday. Economists polled had forecast 0.5% increase in spending and a 0.4% gain in incomes. The amount of money individuals save in November
READ MOREOrders for durable, or long-lasting, goods rose 1.3% in November after a 0.4% drop in the prior month, the Commerce Department said Friday. This is the third rise in durable-goods orders in the past four months. Economists had forecast a 2% gain. The increase was powered by commercial aircraft orders. Excluding transportation, orders fell 0.1%
READ MOREA measure of national economic activity calculated at the Chicago Federal Reserve eased in November after an October surge, but leaves the less-volatile three-month average on a positive trajectory. The Chicago Fed’s index of national economic activity cooled to a positive 0.15 last month from an upwardly revised positive 0.76 in October, the central bank
READ MOREThe Philadelphia Fed’s Manufacturing Business Outlook Survey jumped to a reading of 26.2 in December from 22.7, beating the consensus forecast of a slight downtick to 21.8.
READ MOREInitial U.S. jobless claims, a tool to measure layoffs, rose by 20,000 to 245,000 in the week ended Dec. 16. That was above the 230,000 estimated. The more stable monthly average of claims increased by 1,250 to 236,000, the government said Thursday. The number of people already collecting unemployment benefits, known as continuing claims, rose
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