U.S. Economic News

April 24, 2018

U.S. Economic Indicators

The FHFA House Price Index shows that U.S. house prices rose 0.6% in February and were up 7.2% from the same period last year.  House prices rose on a monthly basis in all nine census divisions, with the largest gains coming in the East South Central division. Report

New home sales rose 4.0% to a seasonally adjusted annual pace of 694,000 in March, and are 8.8% above the March 2017 rate.  The median sales price rose to $337,200 and the inventory of new homes decreased to 5.2 months at the current sales rate. Census Bureau Report
 
The Conference Board’s Consumer Confidence Index rose from 127.0 (revised) in March to 128.7 in April. 
The increase was driven by improvements in both the Expectations Index and the Present Situation Index.  Conference Board Report

U.S. News

The Wall Street Journal reports that U.S. energy companies are worrying about a possible elimination of the NAFTA Investor-State Dispute Settlement system. Under the current system, companies that have foreign assets nationalized can appeal the action to an independent NAFTA panel, a process that American companies view as a necessary protection for international investments. WSJ

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