4606 Outlook

Economic Outlook: September 25, 2020

Sep 25, 2020  | Ep4606

As offices have switched to spare bedrooms, COVID-19 has encouraged more than one urban dweller to seek out a place with a little more space to live AND work. --

Sales of existing homes rose 2.4 percent in August, the fastest month-over-month pace in over a decade.

New home buyers pushed the mark 4.8 percent higher in August as builders are warning of a shrinking inventory.

Orders for goods lasting longer than three years increased by a more traditional movement of 0.4 percent last month, but the figure was well below July’s 11.7 percent surge.

Without the volatile transportation sector, core capital goods rose 0.4 percent.

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