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US Economy Expansion in Q4

US Economy Expansion in Q4 Expected US economy expansion in Q4 is expected, but at a slower rate. The Conference Board released its September 2020 Leading Economic Index (LEI) and reports the index increased by .07 percentage point, following increases in August and July, driven primarily by declining unemployment claims and rising housing permits. NAHB [...]

2020-10-27T12:28:23-04:00A View|

Re-Openings Inspiring Confidence

Re-Openings Inspiring Confidence Re-openings inspiring confidence is reflected in the National Federation of Independent Business (NFIB) Small Business Optimism index, which rose 3.8 points in September. Overall confidence and hiring appear to be benefitting from re-openings finally getting underway in some of the nation's largest states. Consumer sentiment continued to improve in October, in the [...]

2020-10-27T12:00:17-04:00A View|

Cleveland-Cliffs Acquires ArcelorMittal USA

Cleveland-Cliffs Acquires ArcelorMittal USA Cleveland-Cliffs acquires ArcelorMittal USA in a substantial agreement to obtain all its operations and subsidiaries. Economic Expectations Continue to Improve Consumer confidence rose in September by the most in more than 17 years as economic expectations continue to improve. Texas Manufacturing Expands for Fourth Consecutive Month The Federal Reserve Bank of [...]

2020-10-06T14:43:10-04:00A View|

Strongest New Home Sales Since 2006

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 [...]

2020-10-06T14:42:59-04:00A View|

Median Household Income Grew in 2019

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 [...]

2020-09-25T09:44:16-04:00A View|

U.S. Raw Steel Production Increased

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 [...]

2020-09-14T12:58:22-04:00A View|

Texas Factory Activity Expanded

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 [...]

2020-09-14T12:45:24-04:00A View|

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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