U.S. existing-home sales fell to a seasonally adjusted annual rate of 6.69 million, down 2.5% from October, according to the National Association of Realtors press release. November’s existing home sales were 25.8% higher than last year but slightly below forecasted 6.7 million. The median existing-home price was $310,800, up 14.6% from November 2019, the fourth straight … [Read more...] about Existing Home Sales Slows by 2.5% in November, but Remains Higher than Prior Year
Forex News
U.S. Records Increases in GDP in Third Quarter 2020
U.S. real gross domestic product (GDP) rose at an annual rate of 33.4% in the third quarter of 2020, according to the Bureau of Economic Analysis press release. The rise was an improvement from the second quarter, where real GDP fell by 31.4%. Current dollar GDP rose by 38.3% annual rate, or $1.65 trillion, in the third quarter to $21.17 trillion, up from a decline of … [Read more...] about U.S. Records Increases in GDP in Third Quarter 2020
U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
The U.S. House and Senate will vote on Monday on a $900 billion pandemic relief package alongside a $1.4 trillion measure for government funding, reports Bloomberg. The relief and funding end days of intense negotiations amidst possible rifts with the Fed. On Sunday, the House and Senate passed a one-day continuing resolution to keep the government open through Monday at … [Read more...] about U.S. Congress Set to Vote on $900 Billion Relief Package, but Fights Linger
More Americans Unable to Work Due to Surge in Coronavirus Cases
The number of employed Americans shrank by 4.3 million in the two weeks ended December 7, according to the Census Bureau press release. The fall comes even as the number of employed Americans rose by 2.4 million in the previous tally. Almost 5 million Americans now say they can’t work because they are sick of coronavirus. Another 5.2 million can’t work because they fear … [Read more...] about More Americans Unable to Work Due to Surge in Coronavirus Cases
U.S. Recorded Further Increases in Private Housing Permits, November 2020
U.S. privately-owned housing unit’s permits rose 6.2% to 1,639,000, up from October’s rate of 1,544,000, according to the Census Bureau press release. The authorizations rose 8.5% above the November 2019 rate of 1,510,000. Housing PermitsSingle-family authorizations in November rose 1.3% to 1,143,000.Authorizations of units in buildings with five units or more were at a … [Read more...] about U.S. Recorded Further Increases in Private Housing Permits, November 2020
