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Bilifuduo (96.53)

December 2012



Housing Rebound

December 20, 2012 – Comments (3)

A couple of indicators came out recently that point to a slow but steady housing rebound. First, according to Zillow, housing prices rose 0.6% in November, the 13th monthly increase in housing prices. Moreover, overall prices are up 5.2% Y/Y, the biggest annualized gain since August 2006. According to the National Association of Reuters, existing-home sales in November rose to 5.04M from 4.76M last month, beating projections of a rise to 4.9M. Finally, the October Federal Housing Finance Agency Housing Price Index increased 0.5% M/M versus a consensus of a 0.4% increase.  [more]



Business Outlook Blows Away Projections

December 20, 2012 – Comments (0)

The December Philadelphia Federal Reserve Business Outlook increased from a reading of ‑10.7 in November to 8.1 this month, signalling a significant improvement in manufacturing conditions. This 18+ point jump is even more impressive considering that the expected reading was -3.0. Moreover, the demand for manufactured goods picked up as the new orders index increased 15 points. The current shipments index also improved notably, rising by 25 points. Much of the significant increases can be attributed to the economic recovery following Hurricane Sandy; however, these huge increases also paint a picture of a larger trend of a rebound in the overall U.S. economy.  [more]

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