Mergers and Acquisitions CFE Event

February 23, 2016

Headlines in Business, Mergers and Acquisitions & Market News:

  • New home building drops in January. Groundbreaking on new homes fell 3.8%, surprising economists who expected to see a rise. Seasonal factors like the large blizzard that blanketed the East Coast could be responsible.[1]
  • Unemployment claims fall unexpectedly. The number of Americans filing new claims for unemployment benefits fell last week, pointing to renewed strength in the labor market.[2]
  • Mortgage applications up on lower rates. Falling rates on mortgages continue to drive purchase applications and refinancing activity. Applications for home purchases are up 30% over the same period last year.[3]
  • Home builders may be losing confidence. An indicator of optimism among the nation’s home builders shows that though current and future sales expectations are strong, a lack of labor and available lots may be dragging on future building.[4]

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