Blog
Greenway's Markets in a Minute I Find out what restaurants say about the recovery
Oct 23
4:01
AM
Category | Markets in a Minute
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Talks continue for another pandemic stimulus package, although it is now questionable if a deal could be pushed into law before the November elections. |
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Pandemic aside, 6,500 new restaurants opened last month. That's only 100 fewer new restaurant openings nationwide compared to a year earlier, a good sign for the recovery. |
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Jobless claims declined last week, falling for the third time in four weeks. Continuing claims fell to 8.37 million; however, more people were on extended benefits. |
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Single-family homebuilding surged in September, cementing the housing market's status as the star of the economic recovery. Starts were up 8.5% over last month. |
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Homebuilder sentiment set another record high in October, despite challenges of shortages in labor, lots, and lumber, as buyer demand remains strong. |
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Existing home sales jumped 9.5% in September, but sales could be even more robust if more homes were available. Inventory fell 19.2% annually, a 2.7-month supply. |
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