MarketMinute | How do things look as we move into 2022?
Initial jobless claims totaled 198K for the week ending December 25. That was below the 205K forecast and near the lowest level since 1969. |
A recent analysis shows low- and middle-income households spent an average of $3,500 more in 2021 for the same products bought in 2020 or 2019. |
U.S. manufacturing, which accounts for 12% of the national economy, grew to a 3-year high in November. |
Sales of previously owned homes rose 1.9% in November. The increase was likely due to a strengthening job market and concerns over rising rates. |
Home prices surged again in October, up 18.4%. The housing market continues to boom in the wake of last year’s coronavirus recession. |
Mortgage refi apps were up 2% last week, though they were 42% lower than last year. Purchase apps fell 3% for the week. |