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December Pending Home Sales Fall 4.3% M-O-M

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  • Description

    FBN’s Adam Shapiro on the decline in pending home sales.

  • Duration 0:57
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-- Adam Shapiro -- your Fox Business brief then National Association of Realtors says its index for pending home sales.

Unexpectedly fell four point 3% in December from November.

The -- and it was for an increase of point 3%.

The realtors group blames the drop on a tightening market but it says sign contracts were up compared to a year ago.

Orders for durable goods rose more than expected in December thanks in part to a large amount of orders for Boeing aircraft -- four point 6% jump over November.

Was well above the estimate for a one point 8% increase -- factor out the transportation component.

Orders for food products built to last three years or more we're still up one point 3% which topped expectations.

An American Airlines ground workers could get immediate four point 3% -- if the carrier emerges and US Airways according to a union.

Which negotiated -- pay hike with the two airlines that's the latest.

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