Builder Confidence Rose Sharply

Builder Confidence Rose Sharply Builder confidence rose sharply, as evidenced by the surge in new-home sales. New home sales topped expectations in July, surging 13.9% to a 901,000-unit annual rate. Sales jumped in the more affordable areas. US consumer spending rose 1.9% in July... US Drill Rigs Running Increased Last Week There were 254 drill rigs [...]

2020-08-31T11:36:08-04:00A View|

Housing Starts Surged in July

Housing Starts Surged in July Housing starts surged 22.6% in July to a 1.496 million-unit pace. Single-family starts rose 8.2 percent while apartment building skyrocketed 56.7 percent. Empire State Manufacturing Reports Edge Up The Federal Reserve Bank of New York released its Empire State Manufacturing Survey for August 2020 and reports business activity edged slightly [...]

2020-08-31T11:01:33-04:00A View|
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