DID YOU KNOW?
US manufacturing output fell -1.5% year-on-year in October to mark its weakest month since December 2015. The worry is that a US manufacturing recession causes such a drag that even well-performing sectors like housing get sucked down as well. The good news is that these production numbers look like a nadir. They were made worse by a now-resolved 40-day strike at General Motors, while there has been limited contagion to the rest of the economy. As the US-China trade war escalated last year, US manufacturers sold less stuff and excess inventory began to pile up in warehouses. In response, US firms trimmed output and the build-up stopped. Based on past cycles, this stabilization in the inventory-to-sales ratio suggests that manufacturing output will not need to fall further.
DID YOU KNOW?
In one of the most concentrated investigations of discrimination by real estate agents in 50 years since the enactment of America’s Fair Housing Law, Newsday found evidence of widespread separate and unequal treatment of minority potential homebuyers and minority communities on Long Island. The 3-year probe strongly indicates that house hunting in one of the nation’s most segregated suburbs poses substantial risks of discrimination. The investigation revealed that Long Island’s dominant residential brokering firms help solidify racial separations, frequently directing white customers toward areas with the highest white representations and minority buyers to more integrated neighborhoods. Another important reminder to know FAIR HOUSING LAW and practice it consistently.....it is the law!