economics update october 27, 2009. new housing starts rose.5% building permits down existing home...
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![Page 1: Economics Update October 27, 2009. New housing starts rose.5% Building permits down Existing home sales up 4% National Associate of Realtors –Existing](https://reader036.vdocuments.us/reader036/viewer/2022070410/56649ef25503460f94c033ee/html5/thumbnails/1.jpg)
Economics Update
October 27, 2009
![Page 2: Economics Update October 27, 2009. New housing starts rose.5% Building permits down Existing home sales up 4% National Associate of Realtors –Existing](https://reader036.vdocuments.us/reader036/viewer/2022070410/56649ef25503460f94c033ee/html5/thumbnails/2.jpg)
• New housing starts rose .5% • Building permits down • Existing home sales up 4% • National Associate of Realtors
– Existing Home sales rose 9.4% in Sept.
• Average Weekly Hours were flat– Concerning
• White House
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• Consumer Confidence Index– 47.7 – Down From 53.4
Recent Indicators
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• Case Shiller Home Price Index- Down 11.32%– Better than Expected
• Initial Claims- Up 2.1%• Durable Goods- Tomorrow• GDP- Thursday• Personal Consumption Expenditures- Friday• Continue to look at Initial Claims
Recent Indicators
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• Tech Stocks- Up .89%– PC Sales- Up 2%
• Health Care- Down 1.75%• Airline Stocks- Down 8.9%• Crude Oil Futures- Up 3.5%
Weekly Performance
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Year To Date
S&P
Basic
Mat
erial
s Tec
h
Consu
mer
Ser
vices
Oil and
gas
Indu
stria
ls
Financ
ials
Consu
mer
Goo
ds
Health
care
Utilitie
s
Teleco
m
-10.00%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%