Economic Outlook 4-21

Economic Outlook - Apri 21

Apr 20, 2017  | Ep4235

The premature end of winter allowed construction crews a jumpstart on the season in February, but slowed in the last few weeks. ---

The home building market overall is still strong in 2017. However, housing starts in March fell 6.8 percent -- even as job security has improved with low unemployment.

Existing homes remain hot commodities as the sales rate last month hit the fastest mark in 10 years. Purchases climbed 4.4 percent on a tight supply and plenty of would-be buyers.

Oil has hit a slump as OPEC mulls future production cuts while domestic pumping hits a 1.5 year high.

The Rural Mainstreet Index again is below growth-neutral mostly on weak farm commodity prices. The Creighton University snapshot reveals a 20th consecutive reading below 50 with a mark of 44.6. 

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