Key Economic Indicators – November 26, 2012

  • Housing starts increased 3.6% in October, following a 15.1% increase in the previous month.
  • October existing home sales increased 2.1% to an annualized rate of 4,790 thousand units.
  • The median sales price of existing houses sold was $178.6 thousand, 11.1% above October 2011.
  • The housing market index rose five points to 46 in November, its highest level since June 2006.
  • The results of Freddie Mac’s Primary Mortgage Market Survey showed fixed mortgage rates dipping to new all-time record lows for the second consecutive week.
  • The advance figure for initial claims for unemployment insurance decreased by 41 thousand to 410 thousand in the week ending November 17.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment increased to 82.7 in November, from 82.6 in October.
  • The Conference Board index of leading economic indicators increased 0.2% in October, while the coincident index increased 0.1%.

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