ECONOMIC UPDATES
Tuesday, August 14
Last Week in the News -------------------------------------------------------------------------------- According to the Federal Reserve, monthly consumer credit debt rose $6.5 billion in June for a total credit debt level of $2,577.4 trillion. Revolving debt, which includes credit cards, dec...
ECONOMIC UPDATES
Monday, July 30
Last Week in the News -------------------------------------------------------------------------------- The National Association of Home Builders/Wells Fargo monthly housing market index rose six points in July to 35, the highest level since March 2007. An index reading below 50 indicates neg...
ECONOMIC UPDATES
Monday, July 16
Last Week in the News -------------------------------------------------------------------------------- Retail sales rose 2% for the week ending July 7, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 3%.The trade deficit decreased to $48.7 b...
ECONOMIC UPDATES
Monday, June 25
Last Week in the News -------------------------------------------------------------------------------- The National Association of Home Builders/Wells Fargo monthly housing market index rose one point in June to 29 from a revised reading of 28 in May. An index reading below 50 indicates nega...
ECONOMIC UPDATES
Tuesday, June 19
Last Week in the News -------------------------------------------------------------------------------- The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending June 8 rose 18%, the highest level since May 2009. Refinancing app...
ECONOMIC UPDATES
Monday, June 11
Last Week in the News -------------------------------------------------------------------------------- Total construction spending rose 0.3% to $820.7 billion in April from a revised $818.1 billion in March. Compared to April 2011, construction spending is up 6.8%.The Standard & Poor's/C...