Record Existing Home Sales, Strengthening Business Activity: What We Learned During the Week of July 20-24

Sales of previously owned homes hit an 8-year high and several measures find business activity growing.  Here's the U.S. economic data you missed during the week ending July 24. Sales of previously owned homes grew in June to their fastest pace since before the last recession. The National Association of Realtors measure jumped 3.2% during... Continue Reading →

Hot Housing, Cool Retail Sales and Manufacturing: What We Learned During the Week of July 13-17

Housing’s heating up while retail sales and manufacturing both remain cool.  Here's the U.S. economic data you missed during the week ending July 17. 1. Housing construction remained strong this spring—at least by post-recession standards. The Census Bureau puts housing starts during June at a seasonally adjusted annualized rate (SAAR) of 1.174 million units, up... Continue Reading →

JOLTS, International Trade, Service Sector Activity: What We Learned During the Week of July 6-10

Employers are creating more job openings, the service sector remains robust and the trade deficit is expanding.  Here's the U.S. economic data you missed during the week ending July 10. The number of job openings edged up during May while hiring activity slightly slowed. The Bureau of Labor Statistics reports there were a seasonally adjusted... Continue Reading →

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