Strongest New Home Sales Since 2006 The strongest new home sales since September 2006 are at a 1.011-million-unit pace, having risen 4.8% in August, following an upwardly revised 14.7% gain in July. Conference Board LEI Reports Successive 3-Month Increases The Conference Board Leading Economic Index (LEI) for the US, released 9/18 reports an increase of [...]

Median Household Income Grew in 2019 The median household income in 2019 grew a whopping 6.8%-the largest annual increase on record, the Census Bureau reported Tuesday. While this year's government-ordered lockdowns will erase these gains in the short term at least, it's still worth highlighting how lower-income workers and minorities benefitted from faster growth and [...]

U.S. Raw Steel Production Increased 3.3% U.S. raw steel production increased in the week ending 9/5/20. US raw steel production was 1,428,000 net tons at an ACUR of 63.7 percent, an increase of 3.3 percent from the previous week. 9/11 Nineteenth Anniversary This week ends with the sobering anniversary of the terrorist events which occurred [...]

Texas Factory Activity Expanded for the Third Straight Month Texas factory activity expanded in the month for the third straight month, following the record contraction in the spring, according to the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey results for August. Perceptions of broader business conditions improved; the general business activity index turned [...]