New home sales rose in October:
Sales of new one-family houses in October 2009 were at a seasonally adjusted annual rate of 430,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent (±17.6%)* above the revised September rate of 405,000 and is [...]
From the WSJ:
Consumer spending and incomes rose in October, while initial jobless claims fell under 500,000 last week to the lowest level since September of 2008, boding well for economic growth in the fourth quarter.
But demand for long-lasting goods unexpectedly fell in October, brought down by the defense sector, and a barometer of capital spending [...]
Third quarter GDP was revised lower:
Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — increased at an annual rate of 2.8 percent in the third quarter of 2009, (that
is, from the second quarter to the third quarter), according to the “second” estimate released [...]
Home prices rose in September according to the Case Shiller index (via WSJ):
U.S. home prices logged their fifth monthly increase in September, according to the S&P Case-Shiller home-price indexes, as prices also rose sequentially in the third quarter.
For the third quarter, the broader S&P Case-Shiller U.S. National Home Price Index, which is only released four [...]
