New Home Sales down for August.
New Home Sales (August 2016)
– New Home Sales seasonally adjusted, annualized 609,000. Previous was 659,000
New Home Sales have been a plus in 2016 with builders finally gaining the confidence that they would sell homes they could build.
Dallas Federal Reserve Manufacturing Survey (September 2016)
– Production Index 16.7. Previous was 4.5
– General Activity Index -3.7. Previous was -6.2
Manufacturing includes mining and oil extraction. Current production rose sharply but the General Activity Index was negative for the 21st consecutive month.