
Pending Home Sales, which measures signed contracts on existing homes, rose 1.6%. Apartment List Rental Report, showing new rents rose 0.6%, down from 0.8% year over year.
Q4 GDP Reading, showed the US grew at a 3.4% annualized pace. increase from 3.2%. Quarterly PCE Core remained at 2%, lower than estimates. Q4 was strong but typical for the Seasonal spending.
Initial Jobless Claims fell 2,000 to 210,000, which is lower than expected. Continuing Claims rose 24,000 to 1.819M. What this means is Employers are less likely to kick you to the curb, but also means it’s harder to find a job.
