{"id":82879,"date":"2015-12-23T06:01:07","date_gmt":"2015-12-23T11:01:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=82879"},"modified":"2015-12-23T06:01:07","modified_gmt":"2015-12-23T11:01:07","slug":"us-home-resales-tumble-gdp-revised-lower-in-q3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/us-home-resales-tumble-gdp-revised-lower-in-q3\/","title":{"rendered":"US home resales tumble, GDP revised lower in Q3"},"content":{"rendered":"
December 23, 2015<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n

Sales of previously-owned US homes tumbled to the lowest pace in 19 months in November, a much larger fall than economists forecast.<\/p>\n

Existing home sales stumbled 10.5 per cent to an annualised rate of 4.76m units in November, from a downwardly revised 5.32m the month prior, according to the US National Association of Realtors. Economists had forecast a reading of 5.35m units for the month.<\/p>\n

Other data showed that the US economy headed into the final quarter of the year with modestly weaker growth than estimated.<\/p>\n

Gross domestic product expanded at a 2 per cent clip in the third quarter, according to a third and final revision from the Commerce Department released on Tuesday. That\u2019s weaker than a previous estimate of 2 per cent, and was forecast to come in at 2.1 percent. The new revised figure marks a sharp slowing from the 3.9 per cent pace recorded in the second quarter.<\/p>\n

While the revision underlines the bumpy nature of GDP growth in the US this year, Federal Reserve policymakers decided last week to raise rates for the first time since 2006 as they judged the US economy is robust enough to withstand a first rate rise since 2006.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Steady increases in consumer spending have been central to Fed officials\u2019 confidence in the economy, and household spending stood out in the final revision. It was revised higher to a 3 per cent pace from 2.9 per cent.<\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime Sales of previously-owned US homes tumbled to the lowest pace in 19 months in November, a much larger fall than economists forecast. Existing home sales stumbled 10.5 per cent to an annualised rate of 4.76m units in November, from a downwardly revised 5.32m the month prior, according to the US National Association […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82879","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82879"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82879\/revisions"}],"predecessor-version":[{"id":82892,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82879\/revisions\/82892"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}