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Construction spending eases in March after a February blowout

  • May 1, 2017
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  • realestate

Spending on construction dipped in March following an unusually strong pace of spending in February. Construction outlays were down 0.2%, the Commerce Department said Monday.

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Fed, jobs data and earnings will keep stock-market investors busy

  • April 29, 2017
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  • realestate

Investors face a fire hose of possible stock-market catalysts during another heavy week of earnings reports as the Federal Reserve holds its May policy meeting and a wealth of economic data is released, topped off by the April jobs report on Friday.

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U.S. economy posts slowest growth in three years, first-quarter GDP shows

  • April 28, 2017
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The government’s official scorecard for the U.S. economy pointed to the weakest growth in the first quarter in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months. Gross domestic product increased at a meager 0.7% annual pace in the first three months

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Consumer confidence hits 97 in April, versus 98 estimate

  • April 28, 2017
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  • realestate

Last month The University of Michigan’s Consumer Sentiment Index had a final reading of 96.9 for March, with consumers’ attitudes remaining “quite favorable,” data showed. However, the final reading came in below economists’ expectations, disappointing those who had been monitoring the numbers closely.

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Treasury yields rise as U. S.inflaiton exceeds Fed target

  • April 28, 2017
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  • realestate

Treasury yields rose Friday as investors looked past a weak first-quarter U.S. growth to focus on a rise in the Federal Reserve’s favorite inflation measure, heightening expectations of a June rate increase.

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Durable-goods orders rise 0.7% in March to mark third gain in a row

  • April 27, 2017
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  • realestate

New orders for U.S. durable goods rose 0.7% in March to mark the third straight gain, though demand was inflated by new bookings for fighter planes and passenger aircraft.

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Jobless claims jump to one-month high of 257,000

  • April 27, 2017
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  • realestate

The number Americans who recently lost their jobs and sought unemployment benefits rose last week to a one-month high, though the increase appeared largely concentrated in New York state. Initial jobless claims jumped by 14,000 to 257,000, the Labor Department said Thursday.

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ECB leaves interest rates

  • April 27, 2017
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  • realestate

European Central Bank left interest rates unchanged and made no adjustments to its monetary guidance.This guidance disappointed some traders who had bet that it might signal that interest rates could soon rise, despite the central bank’s warnings to the contrary.

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U.S. trade deficit widens in March

  • April 27, 2017
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  • realestate

An early look at U.S. trade patterns in March shows a 1.4% widening in the nation’s trade deficit. The trade gap in goods—services are excluded—widened to $64.8 billion in March from $63.9 billion in February, the government said Thursday in its advanced report. This widening of the deficit only partially reversed a sharp narrowing in

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Pending-home sales lurch lower as inventory tightens further

  • April 27, 2017
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  • realestate

A gauge of pending home sales declined in March as inventory continued to tighten. The National Association of Realtors’ index fell 0.8% to a reading of 111.4, the group said Thursday.

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