- Real GDP increased at an annual rate of 2.1% in the third quarter of 2013, following a 3.9% increase in the previous quarter, according to the “second” estimate released by the Bureau of Economic Analysis. In the “advance” estimate, released a month ago, the increase in real GDP was 1.5%.
- Real gross domestic income increased 3.1% in the third quarter, following a 2.2% in the previous quarter. The average of real GDP and real gross domestic income increased 2.6%, following a 3.0% in the previous quarter.
- Real final sales of domestic product rose 2.7%, following a 3.9% in the previous quarter.
- The price index for gross domestic purchases increased 1.3% in the third quarter, compared to an increase of 1.5% in the previous quarter.
- Corporate profits from current production decreased $22.7 billion in the third quarter, after an increase of $70.4 billion in the previous quarter.
- Personal income increased 0.4%, in October, while personal consumption expenditures increased 0.1%. Real disposable personal income increased 0.4%, while real personal consumption expenditures increased 0.1%.
- The price index for personal consumption expenditures increased 0.1% in October, while the core index held steady. The price index (headline index) was up 0.2% from October 2014, while the core index was up 1.3%.
- New orders for manufactured durable goods increased 3.0% in October, while shipments decreased 1.0%. Year-to-date new orders for manufactured durable goods were down 4.2% from the same period a year ago, while shipments were up 1.7%.
- October existing home sales decreased 3.4% to an annualized rate of 5,360 thousand units, according to the National Association of Realtors. The October figure was 3.9% above the October 2014 figure. The median sales price of existing houses sold was $219.6 thousand, 5.8% above October 2014.
- October new home sales were up 10.7% from the previous month, and were up 4.9% from a year ago. The median sales price of new houses sold was $281.5 thousand, 6.0% below October 2014.
- U.S. House prices rose 0.8% on a seasonally adjusted basis from August to September, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. For the 12 months ending in September, house prices rose 6.1%.
- The S & P/Case-Shiller National U.S. Home Price Index in September was up 0.2% from the previous month, and up 4.9% from September 2014. As of September 2015, home prices were 11-13% below their June/July 2006 peaks, and were back to their winter 2007 levels.
- The results of Freddie Mac’s Primary Mortgage Market Survey of November 25th showed average fixed mortgage rates declining slightly leading up to the Thanksgiving holiday. 30-year fixed-rate mortgage averaged 3.95% for the week ending November 25th, down from last week when it averaged 3.97%. A year ago at this time, the 30-year fixed-rate averaged 3.97%.
- Mortgage applications decreased 3.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 20th.
- The advance figure for initial claims for unemployment insurance decreased 12 thousand to 260 thousand in the week ending November 21. The 4-week moving average was 271 thousand, unchanged from the previous revised week’s average.
- The Chicago FED National Activity Index was negative 0.04 in October, up from negative 0.29 in September.
- Fifth District manufacturing activity slowed in November, according to the Federal Reserve Bank of Richmond. Fifth District service sector activity moderated in November.
- The Conference Board’s consumer confidence index, which had decreased moderately in October, declined further in November.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose in November.
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