The second quarter 2014 U.S. GDP grew at +3.9% annualized or +2.4% year-over-year. 2Q 2014 GDP growth was boosted by an unexpected jump in sales of durable goods and a higher than expected increase in business inventories. Since this is the first estimate we expect the GDP growth to come down in subsequent estimates.
FFC is forecasting sales of new single family homes in the U.S. for 2014 will be 440 thousand homes. This is a projected 2.6% increase over the 429 thousand homes sold in 2013. For reference here is the historical data for new home sales.
Current Economic Indicators
|August 01, 2014 (Close of Day)|
|Global Stock Markets Growth, %||-0.65|
|US GDP Growth, %||3.90|
|US Inflation Rate, %||2.07|
|US Unemployment Rate, %||6.2|
|Gold Price, $/oz||1291.25|
|WTI Oil Price, $/bbl||97.88|
|US 10 Yr Treasury, %||2.52|