U.S. Economic News
March 23, 2021
U.S. Economic Indicators
New home sales fell 18.2% in February to a seasonally adjusted annual pace of 775,000 but were up 8.2% above year-ago levels. The median sales price decreased to $349,400 and the inventory of new homes rose to 4.8 months at the current sales rate. Census Bureau Report
U.S. News
Bloomberg reports that business investment growth will be a key factor in shaping the pace of the U.S. economic recovery in 2021. Nonresidential fixed (business) investment has performed well recently – outpacing consumer spending in Q4 of 2020 by the most since 2011 – and further growth is expected as a result of both the fulfillment of postponed capital expenditure plans and more structural shifts to the economy that have occurred during the pandemic. Bloomberg