Tag Archive for ‘eye on the economy’

Decline in Energy Prices in December

The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for December. The Consumer Price Index (CPI) declined at a seasonally adjusted annual rate of 1.3% in December, after rising in the previous two months, 2.4% in October and 0.3% in November. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual… Read More ›

Eye on the Economy: Existing Home Sales Weak Despite Good Job Numbers

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis. Sales of existing homes weakened at the end of 2015, despite ongoing good news for job creation. According to estimates from the National Association of Realtors (NAR), the seasonally adjusted volume of home resales declined 10.5% from October to November and were 3.8% lower than a year prior…. Read More ›

Home Prices in October — Moving Toward the Trend Line

The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, rose at a seasonally adjusted annual rate of 11.0% in October. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 6.0%. Both indexes show monthly volatility but the trend has been relatively flat over 2014 and 2015…. Read More ›

Eye on the Economy: The Fed Moves

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. After a long period of speculation, the Federal Reserve lifted its target for the short-term federal funds rate from 0-25 basis points to 25-50 basis points. The path of subsequent increases is expected to be gradual and will be dependent on the… Read More ›

Consumer Prices in November – Predicting Fed Action

The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for November. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 0.3% in November, slower than 2.4% in October. Meanwhile, excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in November following 2.5% in… Read More ›

Eye on the Economy: Waiting for the Fed

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. A positive labor market report for November signals that the market can expect an increase in short-term interest rates from the Federal Reserve soon. The Bureau of Labor Statistics estimated net job growth of 211,000 in November, plus an additional 35,000 in… Read More ›

Home Price Appreciation in September

S&P Dow Jones Indices and the Federal Housing Finance Agency (FHFA) recently released their home prices indexes for September, respectively. The Case-Shiller (CS) national house price index accelerated to a 10.4% seasonally adjusted annual pace in September while the price index from the Federal Housing Finance Agency (FHFA) rose at a 9.5% pace. A surge in sales pushed existing house… Read More ›

Consumer Confidence Retreated in November

The Conference Board released the Consumer Confidence Index for November, reporting that the index dropped sharply to 90.4 in November, following a moderate decrease in October. Both subcomponents contributed to the decline. The present situation index declined to 108.1 from 114.6 in October; the expectations index slipped to 78.6 from 88.7 in October. Compared to October, in November, the decline… Read More ›

Eye on the Economy: Housing Data Slips

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. In the October measure of home builder confidence, sentiment dropped back to levels comparable with the second half of 2015. The November NAHB/Wells Fargo Housing Market Index dropped three points from an upwardly revised October level to 62. The index has been… Read More ›

Rebounding Energy Prices in October

Energy prices rebounded and the Consumer Price Index (CPI) rose moderately in October. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 2.4% in October after a 1.8% decline in September and a 0.8% decline in August. Excluding the volatile food and energy components, “core” CPI rose at… Read More ›