Strong economic data to end the week...
Posted October 26, 2012
We received four positive economic reports to end the week. On Thursday, weekly Jobless Claims were lower by 23,000, indicating further labor market recovery across the US. September Durable Goods orders were up 9.9%, delivering the highest gain the market has seen in over 2 ½ years.
Consumer Sentiment on Friday indicated continued strength within the Consumer segment. The University of Michigan’s Consumer Sentiment Report delivered its highest reading in over five years, with a reading of 82.6 in September.
The 3rd Quarter GDP number delivered a 2% annual growth figure, increasing from 1.3% in the second quarter.
To top things off, Mortgage Rates saw a slight improvement Friday morning. Rates continue to show strength, providing a wonderful platform for our growing Triangle Housing community.
Next week on Triangle Business Today I’ll be talking with Ashton Woods Homes about the Western Triangle Housing Market.
Have a great weekend!