According to the Bureau of Economic Analysis, personal income for December increased .5%, up from an increase of .1% in November. Disposable personal income also increased in December, up .4% from November. Personal income is an individual’s total earnings from wages, passive enterprises, and investment interest and dividends. Disposable income is the amount left over [...]
ShareFourth quarter GDP rises 2.8%, the fastest growth since Q2 of 2010. Though a large percentage of the increase is a result of a buildup in inventories, consumer spending also saw an increase from the previous 2011 Q3 reading. From Q3 to Q4, consumer spending increased 2.0%, up from 1.7%. Gross Domestic Product is a [...]
ShareDurable-goods orders rose 3.0% in December, marking the third consecutive month of gains. The increase was fueled in large part by an 18.9% increase in nondefense aircraft and parts, though primary metals, machinery, electronics and communications equipment all saw nice gains. Durable-goods orders measures new orders placed with domestic manufacturers for immediate and future delivery [...]
ShareExisting-home sales for December 2011 increased 5% from November. This is the third consecutive month of increases and the second highest reading of 2011. The December level was also 3.6% above December 2010, and as a whole, existing-home sales were up 1.7% from 2010. Total housing inventory dropped 9.2% for December, representing a 6.2-month supply, [...]
ShareThe National Association of Home Builders (HAHB) Housing Market Index (HMI) rises in January to a reading of 25. This is up 4 points from the previous December reading of 21 and marks the 4th consecutive month of increases. The last time the HMI had a reading of 25 or more was in June of [...]
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