U.S. Homebuilder Confidence Improves For Second Straight Month In October

RTTNews | 718 hari yang lalu

(RTTNews) - With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October.

The report said the NAHB/Wells Fargo Housing Market Index climbed to 43 in October after rising to 41 in September. Economists had expected the index to inch up to 42.

"While housing affordability remains low, builders are feeling more optimistic about 2025 market conditions," said NAHB Chairman Carl Harris.

He added, "The wild card for the outlook remains the election, and with housing policy a top tier issue for candidates, policymakers should be focused on supply-side solutions to the housing crisis."

The housing market index rose for the second consecutive month amid increases by all three of the component indices.

The component measuring sales expectations in the next six months showed a notable advance, jumping to 57 in October from 53 in September.

The index charting current sales conditions also rose to 47 in October from 45 in September, while the gauge charting traffic of prospective buyers increased to 29 in October from 27 in September.

The NAHB also said the latest HMI survey revealed that the share of builders cutting prices held steady at 32 percent in October, the same rate as last month.

Meanwhile, the average price reduction returned to the long-term trend of 6 percent after dropping to 5 percent in September, the NAHB said.

The Commerce Department is scheduled to release a separate repot on new residential construction in the month of September on Friday.

Tag: USD

baca selengkapnya

U.S. Services Index Indicates Modestly Slower Growth In September

A report released by the Institute for Supply Management on Monday showed a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI dipped to 54.9 in September after rising to 55.4 in August, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 55.0.

RTTNews | 17 jam 59 menit yang lalu

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.

RTTNews | 3 hari yang lalu

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.

RTTNews | 3 hari yang lalu

U.S. Employment Rises Much Less Than Expected In September

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September.

RTTNews | 3 hari yang lalu

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.

RTTNews | 4 hari yang lalu

U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.

RTTNews | 4 hari yang lalu

U.S. Jobless Claims Unexpectedly Edge Down To 197,000

A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th. The Labor Department said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000.

RTTNews | 4 hari yang lalu

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 197,000

RTTNews | 4 hari yang lalu

EURUSD	1.12312	GBPUSD	1.3232
USDJPY	158.188	USDCAD	1.42728