September new home sales fell for the first time in five months, HUD and the Census Bureau reported yesterday.
Tag: Wells Fargo Securities
Jobless Claims ‘Back on Track,’ Remain Elevated
After several weeks of increased numbers, initial claims for unemployment insurance fell significantly last week, suggesting a bit of stabilization for an extremely volatile economic metric.
September Existing Home Sales Soar to 14-Year High
Existing home sales jumped for the fourth consecutive month in September, the National Association of Realtors reported yesterday, reaching their highest level since 2006.
September Housing Starts Post Modest Increase
Housing starts in September rose modestly following a red-hot summer, HUD and the Census Bureau reported yesterday.
October Home Builder Confidence Marks 3rd Straight Record High
Builder confidence in the market for newly built single-family homes increased to record levels for the third consecutive month, the National Association of Home Builders reported yesterday.
Initial Claims Rise to 898K; Labor Market Remains ‘Precarious’
The labor market remains under stress, as evidenced by yesterday’s initial claims report from the Labor Department, which showed claims rising for the second straight week to its highest level since August.
Wells Fargo Securities: Pandemic Could Accelerate Retail Sector Trends
The economy has improved from a few months ago, “[but] the same cannot be said of the retail sector,” said Wells Fargo Securities, Charlotte, N.C.
Initial Jobless Claims Remain Stubbornly High
Initial claims for unemployment insurance fell slightly last week, the Labor Department reported yesterday, but only after an upward revision from the previous week’s numbers.
September Jobs Report Shows Continued Economic Churn
The final national jobs report before the November elections showed a slowing pace of job creation amid continued economic volatility, the Bureau of Labor Statistics said Friday.
Little Movement in Unemployment Claims for 2nd Straight Week
Initial claims for unemployment insurance fell just slightly for the second straight week, suggesting recovery from the coronavirus-induced economic slowdown will remain slow and gradual.