Business News

New home sales fell 7.6% to an annual rate of 609,000 units last month. Sales are up 20.6% from a year ago. New home sales have benefited from low supply of previously owned houses available for sale.
The median price for a new home fell 5.4% from a year ago to $284,000. (Commerce Department)

Just 89 days till Christmas and FedEx will be adding 55,000 seasonal positions nation-wide. About 400 of those jobs will be in Portland. (Fox)

Fifty-five percent of shoppers go to Amazon first, an increase from 44% a year earlier, according to BloomReach Inc. The survey showed search engines, and retailers losing ground. Search engines were the starting point for 28% of shoppers, declining from 34% a year earlier. Specific retailers were the starting point for 16%, down from 21%. E-commerce sales are expected to increase 13% to $385 billion this year. (Bloomberg)

The World Trade Organization cut its forecast for global trade growth by more than a third from 2.8% to 1.7%. The new number reflects the slowdown in China and falling levels of imports into the U.S. (Reuters)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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