Existing Home Sales Increase to Highest Pace in Nearly Six Years
Existing home sales increased 5.1 percent to a seasonally adjusted rate of 5.35 million in May according to the National...
Economy
Want Jobs? Focus on Optimism
Small business confidence is the key leading indicator for job growth, says ABA Chief Economist James Chessen.
Mortgage Rates Take Downward Turn
The rate for a 30-year fixed-rate mortgage averaged 4 percent this week, down from last week’s 4.04 percent, Freddie Mac...
CPI Increases on Higher Energy Prices
The Consumer Price Index increased 0.4% in May on a seasonally adjusted basis, led by sharp increases in prices for...
Fed Holds Steady
Though the Committee noted that economic activity has expanded moderately after the first quarter, the Federal Reserve Open Market Committee...
Housing Starts Fall in May after Strong Gains in April
Housing starts in May were at a seasonally adjusted annual rate of 1.036 million, 11.1 percent below the revised April...
Homebuilder Confidence Reached Yearly High in June
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose 5 points to a level of 59 in...
Industrial Production Declines Again in May
Industrial production decreased 0.2 percent in May—the sixth consecutive month without a gain in the index. April’s reading was revised...
Producer Prices Post Largest Gain Since 2012
Producer prices rebounded in May, climbing 0.5 percent, seasonally adjusted, according to the U.S. Bureau of Labor Statistics, attributable to...
Household Net Worth Rises by $1.6 Trillion, Savings Rate Jumps to 5.5 Percent
Household net worth increased by $1.6 trillion during the first quarter of 2015 to $84.9 trillion, a 2 percent increase...
