Inconsistent housing recovery evident in August data. Housing starts, or the number of new housing units that have started construction, grew 9.2% in August. On the other hand, building permits declined 5.7% month over month, their biggest slide since February 2017. The NAHB homebuilders' sentiment index remained unchanged at a 10-month low in August. The housing recovery continues to flash conflicting signs, even as consumer sentiment has climbed in other areas of the economy. Housing is an important part of output, accounting for approximately 15% of gross domestic product. (LPL)
After nearly a decade of little to no increases in Social Security benefits, the Senior Citizens League, a senior advocacy organization, forecasts benefits will jump by 2.8 percent in 2019 – the largest increase in seven years. That would boost the average beneficiary’s check by $39 per month. The cost of living adjustment was 2 percent in 2018.
Avon Products (AVP) was recently approached by Brazilian cosmetics company Natura Cosmeticos about a possible takeover, according to sources quoted by Dow Jones.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.