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Final fourth quarter 2016 Gross Domestic Product (GDP) rose 2.1% from the second reading of 1.9% after a 3.5% increase in the third quarter. For all of 2016, GDP rose an anemic 1.6%, the worst since 2011 and below the 2.6% in 2015. There were some bright spots with the latest numbers. Consumer sp...
The spring buying season is well underway and due to unseasonably warm weather in February, potential buyers signed more contracts to purchase homes than expected. The National Association of Realtors® (NAR) reported that Pending Home Sales in February jumped 5.5% from January to 112.3. This was ...
The new American Health Care Act (AHCA) was was pulled on Friday for lack of votes. The AHCA was supposed to replace the Affordable Care Act, nicknamed Obamacare, but due to lack of support from Congress, President Trump asked that the bill be pulled before it reached the House of Representatives...
Filings for U.S. unemployment benefits rose to a seven-week high, increasing by 15,000 to 258,000 in the week ended March 18, the Labor Department reported. Despite the uptick, the latest reading marked 80 straight weeks of filings below 300,000, the level economists consider a healthy labor mark...
Stocks had their biggest one-day loss yesterday, and the effect was felt around the world. At the start of trading today, they are slipping lower again. Uncertainty around the ability for Congress to reform healthcare and tax policy and deregulate has taken center stage. Investors don’t love unce...
263 Old Island Trail, Kingsport, TN 37664 Open House Sunday March 19, 2017 1-3PM
Open House This Sunday 10am to 12 PM 254 Old Island Trail, Kingsport, TN 37664#openhouse #homeforsale #Sunday
The National Association of Home Builders (NAHB) reported today that its Housing Market Index, a measure of home builder sentiment, jumped six points from February to 71, above the 65 expected. It is the highest level in 12 years! NAHB Chairman Granger MacDonald, a homebuilder and developer from ...
Inflation at the wholesale level rose in February led by higher costs for services, such as travel. The Producer Price Index (PPI) rose 0.3% versus the 0.1% expected. On an annual basis, the PPI jumped 2.2% from 1.6%, the largest gain since March 2012. When stripping out volatile food and energy,...
The regularly scheduled two-day Federal Open Market Committee meeting kicks off tomorrow morning on Capitol Hill and ends Wednesday at 2:00 p.m. ET with the release of the monetary policy statement. Fed Chair Yellen will hold a press conference following the statement release at 2:30 p.m. ET. Fed...

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