A great retail sales report confirmed that the U.S. consumer was in better shape than everyone expected. First the scoreboard: Dow: 14,455, +5.2 pts, +0.0 percentS&P 500: 1,554, +2.0 pts, +0.1 percentNASDAQ: 3,245, +2.8 pts, +0.0 percent And now the top stories: Retail sales jumped by 1.1 percent in February, which was much better than […]
We’ve been writing for months about the housing comeback. Prices are up. Housing starts are up. Construction jobs are up. Home-builder stocks have been surging. But if you’re not interested in “charts” and “data” which say that the U.S. housing market is coming back, then this video is for you. It was posted on Calculated […]
Construction spending missed expectations falling 2.1 percent month-over-month (MoM) in January. Analysts polled by Bloomberg are looking for construction spending to rise 0.4 percent month-over-month. Last month’s reading was revised up to reflect a 1.1 percent MoM rise. Click here to refresh > Construction spending was up 7.1 percent on the year. Private residential constriction […]
We just saw January existing home sales come in better than expectations. But the one key detail was the rise in home prices. The national median existing-home price for all housing types was $173,600 in January, up 12.3 percent from a year ago, according to NAR. Existing home prices continued to rise for the eleventh […]