New Home Sales and Personal Income

I wanted to highlight some good economic reports that came out on Friday.

The first said that new home sales rose to an annual rate of 733,000 in November. That’s a 10-year high and it’s an increase of 17.5% over October.

We also learned that personal income rose 0.3% last month while spending rose by 0.6%. Both are good numbers although it means our savings rate dipped a little.

Finally, durable goods orders rose 1.3% in November which was below estimates of 2%.

These are pretty good numbers we’re seeing.

Posted by on December 26th, 2017 at 11:30 am


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