Housing Market
A recent report showed building permits increased two months in a row, and home prices showed gains in both the Case-Shiller and FHFA indexes.Â
Most encouraging of all, Initial Unemployment Claims for the week dropped by 10,000 to 316,000. Plus, even better, Continuing Claims declined 91,000, to 2.78 million, a new low for the recovery.
On the other side of the coin were the facts that Monthly Pending Home Sales, Consumer Confidence, and Durable Goods Orders reports were all down.
