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US Builder Sentiment Posts Third Consecutive Monthly Gain
Expectations that mortgage rates will continue to moderate in the coming months, the prospect of future rate cuts by the Federal Reserve later this year, and a protracted lack of existing inventory helped provide a boost to builder sentiment for the third straight month. Builder confidence in the market for newly built single-family homes climbed four points to 48 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This is the highest level since August 2023. “Buyer traffic is improving as even small declines in interest rates will ... (full story)
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From www2.census.gov|Feb 15, 2024Revisions to the Wholesale and Retail adjusted and not adjusted monthly estimates for sales and inventories are tentatively scheduled for release on March 27, 2024, and April 23, ...
From ecb.europa.eu|Feb 15, 2024Over the past few years the euro area economy has experienced unprecedented shocks that created exceptional uncertainty and drove inflation to record highs. In response to these ...
From floordaily.net|Feb 15, 2024Industrial production edged down 0.1% in January after recording no change in December, according to the Federal Reserve. In January, manufacturing output declined 0.5% and mining ...
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From think.ing.com|Feb 15, 2024January’s US retail sales report looks soft, falling 0.8% month-on-month versus the 0.2% drop expected while December's growth rate was revised down to +0.4% MoM from +0.6%. The ...
From conference-board.org|Feb 15, 2024|1 commentNew York, February 15, 2024…The Conference Board Leading Economic Index® (LEI) for Australia, increased by 0.3 percent in December 2023 to 114.4 (2016=100), after being unchanged ...
From @LiveSquawk|Feb 15, 2024post: BoE’s Mann: Latest UK GDP Data Confirms My View That Second Half Of 2023 Would Be A Soft Patch - Will Get Another Data Print On Inflation And Look At That Before Deciding Next Rate Move post:
* #BOE POLICYMAKER CATHERINE MANN SPEAKS TO REPORTERS - BBG *BOE'S MANN: SERVICES INFLATION SLOWING BUT `LONG WAY TO GO' *BOE'S MANN: WAGE GROWTH SLOWING BUT TOO HIGH FOR CPI TARGET *BOE'S MANN SEES TURNAROUND AFTER SOFT PATCH LAST YEAR
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- Posted: Feb 15, 2024 10:04am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,369
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