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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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U.S. producer prices surge 0.4% in October

  • November 14, 2017
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  • realestate

The producer price index rose 0.4% in October. That was well above the MarketWatch forecast of a 0.1% gain. Another measure preferred by economists, known as core PPI, rose 0.2% for the third straight month. The core rate strips out food, energy and trade margins. The increase in the PPI pushed the 12-month rate of

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