September New Home Sales

New single-family home sales declined 3.5% in September to a 0.959 million annual rate, lagging the consensus expected 1.025 million. Sales are up 32.1% from a year ago. Sales fell in the Northeast, South, and Midwest, but rose in the West. The months’ supply of new...

Things I Believe (and how they were passed down to me!)

You have likely heard by now that the founder of Camelback Wealth Strategies, my father Bill Beamon, died on September 19, 2020. As I was going through his computer after his death, I came across a document that he wrote back in 1998. To the best of my knowledge it...

Profits Poised for Growth

COVID lockdowns crushed the economy in the first half of 2020, with real GDP down 5.0% at an annual rate in the first quarter and 31.4% at annual rate in the second quarter, the latter of which was the steepest drop in real GDP for any quarter since the Great...