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U.S. jobless claims sink 13,000 to 239,000, but Puerto Rico still a sore spot

  • November 22, 2017
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Initial jobless claims, a tool to measure U.S. layoffs, fell by 13,000 to 239,000 in the week ended Nov. 18. That’s below the 240,000 estimate of economists polled. The more stable monthly average of claims rose 1,250 to 239,750, the government said Wednesday. The number of people already collecting unemployment benefits, known as continuing claims,

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U.S. durable goods orders fall 1.2% in October, but it’s likely a temporary setback

  • November 22, 2017
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  • realestate

Durable-goods orders fell 1.2% in October, well below the forecast of a 0.7% gain. Excluding transportation orders increased 0.4%. Business investment dipped 0.5% based on a closely followed measure known as core capital goods orders. These orders have climbed a healthy 8.1% in the past year, however, suggesting the recent decline is temporary. Durable-goods shipments

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Existing-home sales rebound in October even as inventory crunch worsens

  • November 21, 2017
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  • realestate

Existing-home sales ran at a 5.48 million annual rate in October, the best monthly rate since June, the National Association of Realtors said Tuesday. Economists surveyed had forecast a 5.45 million pace. September’s pace, originally reported as 5.39 million, was revised down to 5.37 million. The median sales price was $247,000, and October marked the

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Housing starts boom 13.7% in October

  • November 17, 2017
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  • realestate

The Commerce Department on Friday said October housing starts surged, rising 13.7% to a seasonally adjusted annual rate of 1.29 million. September estimate was revised to 1.135 million. Economists polled expected a 1.2 million rate. Building permits, a less volatile series, rose 5.9% to 1.3 million.

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US housing starts higher than expected

  • November 17, 2017
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  • realestate

U.S. housing starts were forecast to total 1.185 million in October, up from the 1.127 million reported for the previous month.

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Philly Fed manufacturing index slows in November from strong level

  • November 16, 2017
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  • realestate

The Philadelphia Fed’s manufacturing index slowed to a reading of 22.7 in November from 27.9 in October. Any reading above zero indicates improving conditions.

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U.S. jobless claims jump to 6-week high

  • November 16, 2017
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  • realestate

Initial jobless claims, a tool to measure U.S. layoffs, rose by 10,000 to 249,000 in the week ended Nov. 11. The number of applications hit a six-week high and exceeded the 235,000 estimate of economists polled. The more stable monthly average of claims rose by 6,500 to 237,750, the government said Thursday. The number of

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U.S. retail sales rise modestly in October after surge in prior month

  • November 15, 2017
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  • realestate

Retail sales slowed in October after a sharp gain in the prior month. Sales rose 0.2% in October, better than forecasts of a flat reading. Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending. Excluding autos, sales rose 0.1% after a 1.2% gain in

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Empire State index retreats in November from three-year high

  • November 15, 2017
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  • realestate

The Empire State index fell 10.8 points to 19.4, moving back from a three-year higj but still pointing to a solid manufacturing environment in the New York area. Any reading above zero indicates improving conditions. The new-orders index rose to 20.4 and shipments fell to 18.4.

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Core CPI picks up while retail sales gain 0.2% in October

  • November 15, 2017
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  • realestate

Consumer prices minus food and energy picked up a bit in October while retail sales rose modestly, according to government data released Wednesday. The overall CPI rose by a seasonally adjusted 0.1% in October, while core prices rose a slightly stronger 0.2%. Over the past 12 months, core consumer inflation has risen 1.8%, up from

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