Pending US Home Sales on Record Roll; Manufacturing Up 4%

Pending US Home Sales on Record Roll; Manufacturing Up 4%

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sold_sign.jpgLots of good news on the economy this week: Contracts on home sales have risen for the sixth straight month. NPR reports, “The pace is 12% above this time last year. If those sales generate additional spending on furniture, paint, appliances and other home-related goods, then the ripple effects could spread.”

Also this morning, an index of the manufacturing sector’s health rose to 52.9% in August from 48.9% in July. “The year-and-a-half decline in manufacturing output has come to an end, as 11 of 18 manufacturing industries are reporting growth when comparing August to July,” said the survey’s committee.

(Read more at NPR)

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