Sales of new homes ended the year on a strong note as sales increased for the second consecutive month. December new home sales came in at a 698,000 unit rate, up 3.6% from November and up 6.7% from the 654,000 unit rate in December 2023.
Sales of existing homes ended the year on a strong note with sales hitting a ten-month high.
Prime Scrap increased month over month for the first time since 2023.
Light vehicle sales ended the year on a strong note, climbing for the fourth consecutive month. This was the highest monthly rate since May 2021.
On Friday, President Joe Biden officially blocked the takeover of U.S. Steel by Japan’s Nippon Steel on the grounds of national security. The proposed $14.9 billion acquisition by Nippon would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation’s critical supply chains.
Total construction spending continued to increase in October, now up for the third consecutive month.
Total construction spending continued to increase in October, now up for the third consecutive month.
Total construction spending continued to increase in October, now up for the third consecutive month.
U.S. light vehicle production increased in October and is now up for the second time in the last three months.
Business activity from the manufacturing sector grew strongly in the New York region in November.
