Home builder’s confidence slipped a bit in September from August as the latest hurricanes here in the U.S. raised members’ concerns about the availability of labor and the cost of building materials. The National Association of Home Builders (NAHB) reported on Monday that its Housing Market Index fell three points to 64, below the 67… [Read More]
The fallout from Hurricane Harvey was felt in the surge in Americans filing for first-time unemployment benefits in the latest week. With the destruction in southern Texas, Weekly Initial Jobless Claims rose by 62,000 to 298,000, the highest level in more than two years and the largest increase since November 2012. However, the underlying strong… [Read More]
The May S&P/Case-Shiller 20-City Index rose 5.7% year-over-year, in line with estimates and just below the 5.8% in April. Demand continues to outweigh supply in many key areas across the nation. Month-over-month, the 20-City Index rose 0.1%. The National Index saw a 5.6% annual increase in May, matching the April number and a gain of… [Read More]
Today marks the end of a strong first quarter that started with all major Stock indexes posting new record highs on the promise of tax, healthcare and other regulatory reforms. While the day is starting out in the red, the end of the day will wrap up a great kick off to 2017 nonetheless. Volatility… [Read More]
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