December Business Inventories and NAHB Home Builder’s Sentiment Index

  • February 15, 2017
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  • realestatelife

December Business Inventories 0.4% vs. estimates of 0.4%, while the NAHB Home Builder’s Sentiment Index 65 vs. estimates of 67. All eyes on Janet Yellen and these will not be a large factor for today pricing.

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Treasurys give back some gains after Fed-inspired ‘Goldilocks’ rally

  • March 16, 2017
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  • realestatelife

U.S. government-bond yields rose Thursday as Treasury prices gave back some of the ground gained a day earlier in a sharp rally following the Federal Reserve’s widely anticipated rate increase. The yield on the 10-year Treasury note rose 1.6 basis points to 2.52%, according to Tradeweb, while the 2-year yield rose 0.8 basis point to

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Industrial output flat in February, held down by utility production

  • March 17, 2017
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  • realestatelife

Manufacturing output gained 0.5% in February, the sixth straight monthly increase. Economist had expected a 0.3% rise in output in February. This followed a revised 0.1% decline in January, a bit faster than the original reading of a 0.3% decline. Industrial output has been in an up-and-down pattern since last fall. Compared with the same

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Yellen Grilling Continues on Capitol Hill

  • February 15, 2017
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  • realestatelife

Federal Reserve Chair Janet Yellen is back in the hot seat, giving her semiannual monetary policy report to Congress and taking questions from members.

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U.S. housing starts dip 2.6% in January

  • February 16, 2017
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  • realestatelife

Construction on new houses fell 2.6% in January, but another increase in permits points to builders breaking ground on more units in the months ahead. Housing starts took place at an annual rate of 1.246 million last month, the government said Thursday. That’s how many houses would be built in the U.S. in 2017 if

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Fed’s Kashkari saw no need to raise interest rates this week as inflation remains tame

  • March 17, 2017
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  • realestatelife

Minneapolis Fed President Neel Kashkari on Friday said he dissented from the U.S. central bank’s decision to hike interest rates earlier this week because not all that much had changed in the outlook for inflation since the January meeting. While there were some signs that inflation was picking up, it was not happening rapidly, Kashkari

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Jobless claims climb 5,000 to still-low

  • February 16, 2017
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  • realestatelife

The number of Americans who applied for unemployment benefits in mid-February rose by 5,000 to 239,000, but they remained at exceedingly low levels that reflect the resilience of a nearly eight-year-old economic recovery. Continuing Jobless Claims 2.076M vs. estimates of 2.051M.

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Philly Fed index rockets higher to 43.3 in February

  • February 16, 2017
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  • realestatelife

The Philadelphia Fed said its manufacturing index soared in February to a reading of 43.3 from 23.6 in January. That’s the highest level since early 1984.

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Consumer sentiment still running high -except among Democrats

  • March 17, 2017
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  • realestatelife

Most Americans are quite optimistic the U.S. economy will do well in the days ahead, though Democrats remain depressed two months into the Trump presidency. The index of consumer sentiment rose to 97.6 in March from 96.3 in February, based on a preliminary reading by the University Michigan. Economists surveyed by MarketWatch had forecast a

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Leading indicators reach highest level in a decade

  • March 17, 2017
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  • realestatelife

The U.S. economy is set to accelerate, if a gauge that historically correlates with future performance is on target. The Conference Board said its leading economic index rose 0.6% in February — the third straight gain of that magnitude — to reach its highest level in more than a decade. “Widespread gains across a majority

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