Of note:
*FOMC left rates unchanged with the target funds rate at 2% and the discount rate at 2.25%
* Consumer Confidence-came in at 50.4 one of the lowest readings and some economists are surprised since, in their words, "the expansion of the economy is underway", meaning we … (0 comments)
housing information: The Economic Week In Review - 05/12/08 01:22 AM
* Pending Homes Index fell 1% in March and is looking to be coming in at 20% year over year declines. Again the real story is when you look at specific markets. For example the Northeast did better, up 12.5%, so these numbers are somewhat meaningless unless you are looking for … (0 comments)
housing information: The Economic Week In Review - 03/28/08 05:12 PM
The Economic Week in Review: Existing Home Sales rose 2.9% in February, housing supply is sitting at 9.6 months nationally.The Case Shiller Index came out with LA County down 16.5%.Consumer Confidence continued it’s downward spiral to lowest level since 2003New Home Sales were down 1.8% to a 13 year low.Durable Goods … (1 comments)
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