Saturday, July 18, 2009

US real estate, stocks and optimism

A better-than-expected report on the housing market in June that was issued by the US Commerce Dept. today (Friday) dampened demand for safe investments.

Construction of homes and apartments jumped 3.6% in June, to the highest level in seven months, beating economists’ estimates while building permits climbed 8.7%, also beating forecasts.
Yet note: Builders are trying to complete homes before a November deadline that gives first-time buyers a special tax break.

This week, the Dow Jones industrials and the Standard & Poor’s 500 index posted their best weekly performance since the week ending March 13, when the stock market’s spring surge began.

No comments:

Post a Comment

Hi there,

Feel free to comment.
Only suitable comments will be posted.
In EN, FR, GR, D, IT, SP, NL only (Use Google Translate otherwise SVP).

Thanks.
BRs
Nick

Share/Bookmark