Houtan HormozianExpert on Real Estate, Finance and PropTech

Markets in a Minute: Rapid insights in 60 seconds! - March 29,2024

30 Mar 2024 · 1 min

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1:20

In this one‑minute market briefing, the host highlights several recent U.S. economic data points. Business investment and durable‑goods orders rose in February, suggesting a possible early manufacturing revival. A revised Q4 GDP figure shows the economy grew faster than initially reported, driven by strong consumer spending and business investment. Jobless claims slipped slightly and remain at historically low levels, indicating continued labor‑market strength. The housing sector shows mixed signals: newly built home sales dipped modestly after mortgage rates rose, yet they are up 5.9% year‑over‑year; the median new‑home price hit a 2½‑year low while inventory reached its highest level since November 2022. Pending home sales rebounded in February after a January slump. The segment closes with an inspirational quote from Mandy Hale about letting go and trusting the process.

Chapters

Markets in a Minute. Business investments rose and durable goods orders rebounded in February, possible early signs of a revival in manufacturing. The economy grew faster than previously estimated in the 4th quarter, lifted by strong consumer spending and business investment. Jobless claims fell slightly last week and continued to hover at very low levels. demonstrating sustained labor market strength. Sales of newly built homes fell slightly in February after mortgage rates increased. However, sales were up 5.9% year over year. The median new house price last month was the lowest in more than 2½ years, while supply was the highest since November 2022. Hints at improvements ahead in the spring market came as February's pending home sales bounced back from their January slump. Thanks for watching. The last word. You don't always need a plan. Sometimes you just need to breathe, trust, let go, and see what happens. Mandy Hale.