Quikrete Industry Dashboard
Total starts, single-family starts and existing home sales all turn upward.
Residential construction statistics rose on the latest version of the Quikrete Industry Dashboard. Single-family starts reached a seasonally adjusted annual rate of 936,000 in August, marking the fifth consecutive month of gains since its valley of 814,000 in May.
Existing home sales also jumped to a seasonally adjusted annual rate of 1.314 million in October, an increase of 3,8% from 1.266 million in September.
On the Stock Roundup, Home Depot’s third-quarter earning report in which it lowered its sales guidance for the full year, preceded a drop in its stock price, resulting in the only negative number among stocks tracked here.
Coming soon: The Conference Board will release its closely watched Consumer Confidence Index for November on Nov. 26.
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