Tag Archive for ‘housing’

Fed Beige Book: More Slow Growth

Aside from weaker results from the St. Louis District, economic activity increased at a “slow to moderate pace” across the nation according to the latest release of the Federal Reserve’s Beige Book. The majority of Fed Districts reported modest gains in consumer spending, both auto and non-auto sales, and most had positive expectations for holiday sales. Tourism activity appeared to… Read More ›

Pending Home Sales Bounced Back Strongly in October

Pending homes sales bounced back strongly in October, more than recovering the ground lost through declines over the past three months. The National Association of Realtors (NAR) announced a 10.4% increase in the Pending Home Sales Index (PHSI) in October, rising to 93.3.  This follows a decrease of 4.6% in September and modest declines in July (1.2%) and August (1.3%)…. Read More ›

Existing Home Sales Held Back By Increasing Contract Cancellations

Existing home sales continue to drift sideways, with a high rate of contract failures holding back a recovery. The National Association of Realtors reported a modest, 1.4% increase in existing home sales in October, creeping up to a seasonally adjusted annual rate of 4.97 million units. The increase recovers only part of the 3% decline in September. Although existing home… Read More ›