Truth in Wealth Building

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Lots of consumer data

The S&P/Case-Shiller Home Price Index rose by 5.4% in March from the same time last year. Limited supply of homes on the market is supporting price gains. The biggest gains continue to be found in the Pacific Northwest where in Portland prices rose 12.3% year over year. Seattle rose 10.8% and Denver up 10%. (CNBC)…

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The end of another month

It is the last trading day of May. The Dow is set to post its fourth straight monthly advance, while the S&P 500 and Nasdaq appear set to mark a third straight month of gains. (CNBC) Economic growth slowed in the first quarter although not as sharply as initially thought. Gross domestic product rose at…

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Financial Focus Radio Show Hour 2

Keep the truth in Wealth Building going strong. Listen to hour 2 of the May 28th show right now.

Another Oregon Company Gets Bought

Orders for manufactured goods surged in April, but continued to see weakness in business spending. Durable goods orders jumped 3.4% last month after an upwardly revised 1.9% increase in March. Manufacturing accounts for 12% of the economy. (Commerce Department) U.S. home sales in April rose 5.1% moth over month, hitting the highest level in a…

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Sears and Costco: Two halves of retail

Stocks are higher following the best two-day rally since March. The S&P 500 and Nasdaq are coming off their highest closes in nearly a month. (CNBC) Total mortgage applications climbed 2.3% week over week. Applications are 24% higher than one year ago. Mortgage applications to purchase a home rose 5% for the week and up…

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Tight new home inventory

The rally of yesterday is looking at a second day in early trading. Tuesday the S&P 500 had its biggest one-day gain since March 11th. (Seeking Alpha) New single-family home sales surged 16.6% to an annual rate of 619,000 units, the highest level since January 2008. Prices hit a record high. With tight supply, the…

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