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    New Home Sales Unexpectedly Increase 3.7%, ISM Non-Manufacturing Beats

    By CDM Staff
    March 5, 2019
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    New Home Sales Unexpectedly Increase 3.7%, ISM Non-Manufacturing Beats
    Image by Chicopee Manufacturing

    U.S. new home sales increased 3.7% for the month of December as skewed data from the government shutdown continues to be released. Expectations were for an 8.7% decline month over month.

    The ISM Non-Manufacturing Index (PMI) came in at 59.7% where consensus estimate was for 57.3% in February.

    Construction Spending Rolls Over In December, Likely One-Off

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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