Pending Home Sales

February 25, 2021 Pending home sales declined 2.8% in January to 122.8 after rising 0.5% in December.  Following the March/April recession, home sales have surged but have edged lower in the past several months. Lawrence Yun, the Chief Economist for the National...

Durable Goods Orders

February 25, 2021 Durable goods orders jumped 3.4% in January after having risen 1.2% in December and 1.3% in November.  Orders have risen for nine consecutive months.  The manufacturing sector is bouncing back and orders are now higher than they were prior to the...

GDP

February 25, 2021 The revised estimate of fourth quarter GDP growth came in at 4.1% compared to a preliminary estimate of 4.0%.  That compares to a 31.4% decline in the second quarter followed by 33.4% growth in the quarter .  Both swings in those two earlier quarters...

Final Sales

February 25, 2021 When the economy is slowing down, firms will accumulate unwanted inventories.   Those inventories still show up in GDP, but they are unsold.  Hence, GDP will be biased upwards.  Similarly, in good times businesses will reduce inventory levels to...