CD Media
Markets

Housing Sales Rock On…More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade

Housing Sales Rock On...More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade
Real estate ad for Dolgeville, California (1905)

Existing home sales firmly beat estimates today as Americans become more optimistic regarding their financial future as trade worries with China, and presidential impeachment, fade from view.

Existing Home Sales (MoM) (Dec) printed at 5.54M vs 5.43M consensus estimate.

Existing Home Sales Change (MoM) (Dec) rose 3.6% vs 1.2% estimate. This rise was the highest in two years.

Housing Price Index (MoM) (Nov) stayed steady at 0.2%.

Analysts contribute the rise in sales to strong demand, which will juice the housing construction business over the coming months as Winter turns to Spring.

‘Progressive’ business news painted this picture as bad for Americans, but the narrative falls flat.

Related posts

Bloomberg For President Radio Can’t Handle Today’s Jobs Blowout – 225k New Jobs Can’t Be ‘Real Jobs’

CDMediaNetwork

Trump Threatens Iran, Jawbones Oil Higher

CD Media Staff

Consumer Confidence Weakens, Housing Sales Beat As ‘Second Wave’ Effects Continue

CD Media Staff

1 comment

Livestream: Senate Impeachment Trial Day 2 January 23, 2020 at 12:44 am

[…] Housing Sales Rock On…More Evidence Trump Economy Accelerating As Impeachment, Trade Worries Fade […]

Reply

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky