American Family Funding - Weekly Sales Market Report

American Family Funding – Weekly Sales Market Report – December 11, 2020

December 11, 2020 abryant

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	Consumer prices rose 0.2% in November, as an increase in energy costs offset a drop in food prices. Overall prices are up 1.2% over last year, keeping inflation in check.
	Congress continues to work on a relief plan of nearly $1 trillion, which will likely be part of a larger spending bill that may get done sometime next week.
	Jobless claims surged last week to 853,000, the highest number since September 19. Continuing claims saw their first increase since August, up 230,000 to 5.76 million.


	NAR reports 1 in 3 people have transitioned to a full or partial remote work during the pandemic, freeing them up to move. 8.93 million people have relocated this year.
	The pandemic economic downturn has coincided with a booming housing market. October existing home prices for all housing types jumped 15.5% over last year, according to NAR.
	Online searches for manufactured homes saw an annual increase of more than 50% from May to September. The increased interest came as single-family home prices soared.

“Failure is success if we learn from it.”
Malcolm Forbes

Next week’s potential market moving reports are:

Monday, December 14th – No Reports Scheduled
Tuesday, December 15th – Industrial Production
Wednesday, December 16th – Retail Sales, NAHB Index
Thursday, December 17th – First Time Jobless Claims, Housing Starts
Friday, December 18th – Leading Economic Indicators

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