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Chicago June PMI at 65.7 vs 58.0 expected

  • June 30, 2017
  • no comment
  • realestate

The Chicago Purchasing Managers Index was at 65.7 in the month, blowing past economists’ estimates. Economists polled had expected a reading of 58.0, down from the 59.4 reading reported a month earlier. A reading above 50.0 indicates expansion in the economy.

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Poor start to 2017? Not really. First quarter GDP raised again to 1.4%

  • June 29, 2017
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  • realestate

Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show. That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.

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Jobless claims edge up by 2,000 to 244,000

  • June 29, 2017
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  • realestate

The number of Americans applying for unemployment benefits rose slightly in late June but still remained extremely low, reflecting the strength of a U.S. labor market that shows no sign of wilting.

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Poor start to 2017? Not really. First quarter GDP raised again to 1.4%

  • June 29, 2017
  • no comment
  • realestate

Gross domestic product, the official scorecard for the economy, expanded at a 1.4% annual pace in the first quarter, revised figures show. That’s a few ticks better than the prior 1.2% reading and double the initial 0.7% estimate.

READ MORE

Jobless claims edge up by 2,000 to 244,000

  • June 29, 2017
  • no comment
  • realestate

The number of Americans applying for unemployment benefits rose slightly in late June but still remained extremely low, reflecting the strength of a U.S. labor market that shows no sign of wilting.

READ MORE

U.S. trade deficit falls in May, advanced report shows

  • June 28, 2017
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  • realestate

An early look at U.S. trade patterns in May points to a small decline in the nation’s trade deficit. The advanced trade gap in goods — services are excluded — fell by 1.8% to $65.9 billion in May

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Pending-home sales stumble as low inventory chokes market

  • June 28, 2017
  • no comment
  • realestate

Home purchase contract signings declined again in May, another sign of the headwinds working against momentum in the housing market. The pending home sales index from the National Association of Realtors slid 0.8%, marking the third-straight monthly decline. The index hit 108.5 in May and its April level was revised lower. It was lower compared

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Treasury yields rise after Draghi dismisses factors holding down inflation as ‘temporary’

  • June 27, 2017
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  • realestate

Treasury yields headed higher after European Central Bank President Mario Draghi hinted that the factors suppressing inflation would be short-lived, giving traders the impression the central bank intends to wind down its quantitative easing program by the end of the year.

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House-price gains cool but bubble questions stir: Case-Shiller

  • June 27, 2017
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  • realestate

The S&P/Case-Shiller 20-city index rose 5.7% in the three-month period ending in April compared to a year ago, down two ticks from the 5.9% annual gain notched in March. Economists had expected the 20-City index to increase 5.9% for the year.

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June Consumer Confidence stronger than expected

  • June 27, 2017
  • no comment
  • realestate

June Consumer Confidence 118.9 vs. estimates of 116.7Consumer and business confidence, which spiked after the election, has remained near these high levels, though both readings have gotten less attention from markets of late as the story there hasn’t changed. Additionally, both these surges were seen as potential harbingers of increased consumer spending or business investment,

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