Weekly Economic Update: September 23-27, 2013

Sep 30 2013

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The Case-Shiller home price index rose 0.6% in July, up 12.4% from a year ago. Durable orders increased 0.1% in August. New home sales rose 7.9% in August to an annual rate of 421,000. GDP growth for the 2nd quarter of 2013 was 2.5%, according to the third estimate. Personal income rose 0.4% in August as personal spending increased 0.3%. Pending home sales fell 1.6% in August. Initial jobless claims fell 5,000 to 305,000 for the week ended 9/21.

• The Case-Shiller home price index rose 0.6% in July, up 12.4% from a year ago. The Washington D.C. area index is up 1.4% in July, up 6.0% from a year ago.

• Durable orders increased 0.1% in August. Excluding transportation, orders were down 0.1%.

• New home sales rose 7.9% in August to an annual rate of 421,000.

• GDP growth for the 2nd quarter of 2013 was 2.5%, according to the third estimate. There was no revision to growth from the previous, second estimate.

• Personal income rose 0.4% in August as personal spending increased 0.3%.

• Pending home sales fell 1.6% in August.

• Initial jobless claims fell 5,000 to a lower-than-expected level of 305,000 for the week ended September 21st.

 

 

 

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