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Thursday, May 22, 2014

Existing Home Sales Rebound in April


Following three consecutive months of declines, existing home sales rose 1.3 percent in April to a 4.65 million-unit rate. Inventories reached their highest level since August 2012. Condo sales jumped 7.3 percent.

Building Permits Help Boost LEI in April


The Leading Economic Index rose 0.4 percent in April, led by strong gains from the interest rate spread and building permits, while both labor market components caused a slight drag.

Friday, May 16, 2014

Housing Starts Bounce Back in April


We finally got some good news on housing. Housing starts rose 13.2 percent to a 1.072 million unit pace in April, following a 2.0 percent rise in March. Housing permits rose 8 percent to a 1.08 million unit pace.

VIDEO: Monthly Economic Outlook - May 2014