New Single-Family Home Sales Remain Strong in October
“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes
READ MOREDurable-Goods Orders Post Sixth Consecutive Gain
“Manufacturers’ new orders for durable goods rose in October, with some categories at new record highs but renewed government restrictions are threatening the outlook.” – Robert Hughes
READ MOREInitial Claims for Unemployment Benefits Rose Slightly for A Second Week
“Initial claims for unemployment benefits rose again in the latest week, pushing the four-week average to the first increase since July 25, a worrying sign for the economy” – Robert Hughes
READ MOREConsumers Grow Less Optimistic About the Short-Term Outlook in November
“Consumer attitudes weakened in November, particularly for short-term expectations. Pessimism about jobs and the economy may restrain consumer spending and harm the economic recovery.” – Robert Hughes
READ MOREExisting-Home Sales Rise to the Highest Level in More Than A Decade
“Existing-home sales rose again in October, making housing a bright spot for the economy, but the outlook remains highly uncertain.” – Robert Hughes
READ MOREInitial Claims for Unemployment Benefits Rose Slightly as New Restrictions Emerged
“Initial claims for unemployment benefits rose slightly in the latest week, the first increase since October 10. Renewed government restrictions pose a threat to economic recovery.” – Robert Hughes
READ MORESingle-Family Home Constructions Stays Strong in October
“Single-family housing continues to be one of the strongest areas of the economy, supported by low mortgage rates and increased demand.” – Robert Hughes
READ MOREIndustrial Output Posted A Solid Gain in October
“A manufacturing rebound continued in October, but reinstated government restrictions could delay the economic recovery.” – Robert Hughes
READ MORERetail Spending Hits A Record in October but Breadth Narrows
“Retail sales hit another record high in October, but recent developments regarding Covid-19 and reactionary government policies remain significant risks to economic recovery.” – Robert Hughes
READ MOREElection and Resurging Virus Drag Down Consumer Sentiment
“Consumer sentiment fell in early November following the election and a resurgence in Covid-19 infections. Combined with renewed restrictions, the outlook remains highly uncertain.” – Robert Hughes
READ MORESmall-Business Survey Shows Mixed Expectations in October
“Small-business confidence was unchanged in October, but details of the survey suggest a mixed outlook.” – Robert Hughes
READ MOREPrivate Payrolls Rose By 906,000, But Are Still Down 9 Million Since February
“Private payrolls added 906,000 in October, but ongoing restrictions and a large number of unemployed suggest the recovery remains highly uncertain.” – Robert Hughes
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