Blog
Greenway's Markets in a Minute I Find out how builders feel about the market
Nov 20
2:20
PM
Category | Markets in a Minute
October retail sales rose 0.3% over September. The pace was the slowest in 6 months, suggesting consumers may be growing more hesitant to spend as pandemic numbers rise. | |
Congress remains locked in a stalemate over a coronavirus stimulus. Increases in job losses and reduced spending could slow the economic recovery. | |
Jobless claims unexpectedly rose by 31,000 to 742,00 last week, as new business restrictions sparked a fresh wave of layoffs. |
November's homebuilder confidence index for construction of single-family homes shattered record highs for the 3rd straight month, as more buyers are heading for the suburbs. | |
Housing starts increased more than expected in October, suggesting low rates and strong demand continue to sustain the housing market. | |
Mortgage applications to purchase a home rose 4% for the week, up 28% annually. Refinance application volume was down 2% for the week but was up 98% over last year. |