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👤Nurudeen Amedu
🕔September 29, 2016
The US economy in its latest GDP in the Commerce Department’s third estimate of gross domestic product (GDP) posted a 1.4% growth in its second quarter. Analysts according to Bloomberg had earlier projected an increase of 1.3% in the value of all goods and services in the US for the last quarter.…
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👤Arthur Greene
🕔September 29, 2016
There was a 2.4% decline in the number of contracts signed by home-buyers for the month of August, this is worse than the unchanged reading analysts had earlier forecasted in a survey conducted by Thomson Reuters. This is also the third time in 4 months that a slowing has been reported for the release, pulling the Pending Home Sales Index lower to 108.5, the least reading since the month of January where it was seen at 105.4.…
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👤Xinyang
🕔September 27, 2016
News Event
From Trading Economics: Sales of new single-family houses in the United States fell 7.6 percent to a seasonally adjusted annual rate of 609,000 in August of 2016, better than market expectations of an 8.8 percent decline.…
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👤Nurudeen Amedu
🕔September 23, 2016
According to preliminary data released today, the US Manufacturing sector reported a larger than expected slump in activities within the US manufacturing sector for the month of September, despite it showing a very sluggish rate of expansion in new orders this year.…
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US Existing Home Sales Fall in August
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👤Arthur Greene
🕔September 22, 2016
The rate of existing home sales in the US slowed in the month of August, as figures released today revealed that it fell 0.9% lower as the report showed a pace of 5.33 million homes in terms of seasonal adjustments, this report came from the National Association of Realtors.…
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👤Lisa Harris
🕔September 22, 2016
The US Leading Economic Indicators (LEI), released by the Conference Board, dropped by 0.2% in the month of August and was less than the analysts’ forecasts of an unchanged reading. The slump came on the trail of an upwardly revised 0.5% rise seen in the month of July, which was originally at 0.4% and a 0.2% rise in the month of June.…
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👤Nurudeen Amedu
🕔September 22, 2016
Last week the number of Americans who filed for unemployment benefits dropped to a 2 month low, hinting at the labor market’s growing strength that could cause the Federal Reserve to raise their interest rates by December. The uptick shown by the US initial jobless claims data came just a day after the US central bank decided against an interest rate raise but showed strong signs that it could increase borrowing costs before the end of the year, as they cited the progressive growth in the labor market and a strong rally in economic growth.…
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👤Xinyang
🕔September 22, 2016
News Event
From Trading Economics: The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the sixth time during its September 2016 meeting. Policymakers said that the case for a rate hike has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.…
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👤Xinyang
🕔September 20, 2016
News Event
From Trading Economics: The NAHB Housing Market Index in the United States increased to 65 in September 2016 from a downwardly revised 59 in August. Figures came well above market expectations of 60, reaching the highest in eleven months.…
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NAHB Index Posts 11 Month High
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👤Nurudeen Amedu
🕔September 19, 2016
- Growing household income raises home sales
- Positive NAHB numbers could raise clamor for a near term rate hike
The National Association of Homebuilders’ monthly housing market index, a measure of builder sentiment soared to 65 this month, evenly matched against the 11 month high that was the highest for the index since the year 2005.…
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