Week Through 8/14/09 Chantilly homes related datapoints
Posted by Super Admin on Monday, August 17th, 2009 at 5:01pm.Aug 11 – Companies slashed their worker’s hours in the second quarter, boosting the productivity in the workplace at an annualized rate of 6.4%. The fastest increase in six years.
Aug 12 – The trade deficit widened for the first time in nearly a year as increase prices was the primary reason.
Aug 13 – Retail sales fell 0.1% despite the boost that cash for clunkers gave the auto industry. Excluding autos, retail sales fell 0.6% v. an expectation increase of a 0.1%.
Aug 14 – Led by a resurgent automotive sector, industrial output was boosted in July for the first time since October.
Industrial production is one of four monthly indicators used to judge whether the economy is growing or is in a recession; the others are payrolls, incomes and business sales.
Aug 14 – Consumer prices were unchanged in July, downside of 2.1% year-over-year in the sharpest annual decline since 1950.
Aug 14 - Oil closed the week at $67.51 a barrel, from $70.93 last Friday.
Rates once again reversed themselves and dropped about .25% this week after results were lower than expected. On Wednesday, the Feds promised to keep short-term rates exceptionally low “for an extended period of time”. However, they did say it would slow the purchase of long-term Treasury’s and let the program die by the end of October, a decision that could send long-term rates higher. Fairfax homes and Arlington homes for sale va are in continued demand, so call me for a current analysis of time to sell your home.
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