New Home Sales Rise as Prices Fall in July 2012
New home sales were up by 25 percent compared to a year ago according to the report.
The U.S. Bureau of Labor Statistic’s Consumer Price Index (CPI) for March 2012 shows gasoline leading the way at 2.7% for March.
On April 12th the Bureau of Labor Statistics (BLS) released the numbers for the Producer Price Index for March.
The Beige Book is compiled based on anecdotal information provided from twelve districts across the country.
The labor market continues to improve as the figure for last week’s new jobless claims dropped to its lowest point in the last four years.
Typically, the falling growth rate in personal income portends a decline in consumer spending.
The jobless claims are the most important leading signal for the labor market’s recovery.
Investors use information like the Consumer Confidence Index to make decisions about which investments to make.
According to the S&P Case Shiller Housing Price Indices, homes have reached their lowest price level since the beginning of 2003.
The latest release of the New Home Sales data shows that sales in February were down slightly from the previous month.
According to a press release from the Department of Labor (DOL), the number of initial jobless claims hit a four-year low last week.