Homebuilders Gauge at Five-Month High Shows Storm Recovery
A rebound in homebuilders’ confidence to a five-month high indicates concern over fallout from major hurricanes has been alleviated, according to data Oct. 17 from the National Association of Home Builders/Wells Fargo.
Driverless Cars Will Open the Door to a Building Spree
Even as reclaimed parking spaces fuel a downtown building boom, autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report, sponsored by a unit of Capital One Financial Corp.
Manufacturing Output Rises as Impact From Hurricanes Fades
U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data showed Oct. 17.<
October 17, 2017Consumer Sentiment Unexpectedly Surges to 13-Year High
U.S. consumer sentiment unexpectedly surged to a 13-year high as Americans’ perceptions of the economy and their own finances rebounded following several major hurricanes, a University of Michigan survey showed Oct. 13.
US Core Inflation Misses Estimates; Energy Boosts Main Gauge
U.S. inflation excluding food and fuel was below estimates for the sixth time in seven months, even as a hurricane-driven spike in energy prices boosted the overall cost of living by the most since January, a Labor Department report showed Oct. 13.
October 13, 2017US Retail Sales Rise Most Since 2015 on Storm-Related Lift
U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Oct. 13.
October 13, 2017US Payrolls Fall for the First Time Since 2010 on Storms
The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Oct. 6. The jobless rate fell to a new 16-year-low while wage gains accelerated.
October 6, 2017Consumer Comfort Declines by Most in a Year on Finances
Americans’ confidence suffered its biggest weekly setback in more than a year as optimism about personal finances slumped, Bloomberg Consumer Comfort Index figures showed Oct. 5.
Jobless Claims Fall 12,000 to 260,000
U.S. filings for unemployment benefits fell last week as the impact of hurricanes Harvey and Irma faded in several states, Labor Department figures showed Oct. 5.
October 5, 2017Trade Gap Narrows to 11-Month Low as Exports Increase
Improving global demand and a weaker dollar are helping boost U.S. exports, with the trade deficit narrowing to an 11-month low in August, Commerce Department data showed Oct. 5.
October 5, 2017