Existing Home Sales

Government Spending Pads GDP. Existing Home Sales up.

GDP (3rdQ2012) – Real GDP – Quarter/Quarter  +3.1% – GDP price index – Quarter/Quarter  +2.7% – Final sales of domestic goods was +2.4% The previous iteration of 3rdQ2012 GDP was estimated at +2.7%.  2ndQ2012 had been +1.7%.  The final sales of domestic goods is the best measure of economic health becaue it is all about

Housing Start Weak, Existing Home Sales Increase

Housing Starts (August 2012) – Housing Starts  750,000.  Previous was revised to 733,000.  This is an increase but below expectation. Housing Starts are in units (a 40-unit apartment building is 40 Housing Starts) and the data is Seasonally Adjusted and annualized.  The 750,000 Starts included 208,000 apartment units (5+ units in a single building) and