WASHINGTON (AP) — Ready for his big moment, Donald Trump traded in his beloved private plane for a military jet Thursday and swooped into Washington for three days of inaugural festivities. As the president-elect left New York behind, the capital braced for an onslaught of inaugural crowds and demonstrators numbering in the hundreds of thousands.
U.S. homebuilding rebounded sharply in December as a firming economy boosts demand for rental housing, while an unexpected drop in the number of Americans filing for unemployment benefits last week pointed to a further tightening in the labor market. The economy's brightening prospects were underscored by other data on Thursday showing factory activity in the mid-Atlantic region accelerating to a two-year high this month, amid jumps in new orders, employment and inventories. The reports came as Republican Donald Trump prepared to be sworn in as president on Friday, taking over from President Barack Obama, whose administration's policies have been credited with pulling the economy from the 2007-09 recession.