Is not bad. We were expecting that much. Existing home sales have been a problem for the past year or so. We have not gotten what we want to see. We are seeing a much better than we expected number for the month. Singlefamily homes posted a fairly strong gain. The supply of the market dropped significantly, of course this is wintertime, 24. 1 months to 5. 1. Prices will continue to rise. Well over the 5 million mark. That is good news as well. This will set the stage for reasonable 2015 if we continue. Pending home sales have suggested we will. We start off with good news. Michael mckee in new york city with the latest on u. S. Economic data. More coming to you from switzerland. Plus, a special guest. Well be looking for that legacy of the late saudi King Abdullah. And his nephew. We will talk about the legacy of his uncle, and stephanie, answering questions about the future of saudi oil policy. Lets get your first to guests. He is the managing director and coowner of the boston celtic
It was forecasted to say the same as februarys read but instead we have a read of 101. 3. This is a little bit of a change given the latest chicago pmi number we got 15 minutes ago that it was a disappointing read in which manufacturing did not expand. They contracted once again. Last week, the university of michigan conference Confidence Index came in higher than anticipated. You wonder whether the slumping Consumer Spending is temporary or if it is indicative of just deeper problems for u. S. Households. This number would seem to suggest it is temporary. What consumers say and how they describe their feelings is different from what they actually do when it comes down to it. Olivia thank you scarlet fu. Matt i want to give you the bulletin top business stories of the morning. Home prices are rising faster than expected according to one. Of the index of Property Values in 20 cities rose 4. 6 in the year that ended in january. The report warns that home prices are going up twice as fast
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