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May 2016 Pending Home Sales Index Declines

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Written by Steven Hansen

The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis of pending home sales is more positive than the NAR's, but we are forecasting relatively poor June home sales. The quote of the day from this NAR release:

... even if rates rise soon, sales have legs for further expansion this summer if housing supply increases enough to give buyers an adequate number of affordable choices during their search ...

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What We Read Today 28 June 2016

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

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 more features, analysis, studies, and news published in the last week

Wreck Removal Baltic Ace

On 5 December 2012, the car carrier Baltic Ace sank with more than 1,400 cars on board after a collision with a container ship near the entrance of the main shipping lane leading to Rotterdam port.

Infographic Of The Day: British Slang - On The Money

British slang is fascinating; how can so many words mean the same thing and, more impressively, how can so many odd words make it into common use?

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Video of the Day:

On 5 December 2012, the car carrier Baltic Ace sank with more than 1,400 cars on board after a collision with a container ship near the entrance of the main shipping lane leading to Rotterdam port.


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29Jun2016 Pre-Market Commentary: US Stock Future Indexes Up Fractionally Continuing Market Rally After Brexit Bombshell, WTI Crude Steady And USD Slipping Sharply



 USA economy at a glance (boxed items are updates in last 7 days)

May 2016 Personal Consumption Growth At Expectations

Written by Steven Hansen

The headline data this month continues to show consumer expenditure growth. This continues to be postive for 2Q2016 GDP if one considers GDP as a good measure of the economy. The negative of the headlines are that income grew at half the rate of expenditures. One should also note that year-over-year analysis shows both income and expenditures are softening.

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