Tag Archive for ‘eye on the economy’

Consumers Voice in June – Optimistic Outlook

Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the future’s economy. In June, both the University of Michigan Index of Consumer Sentiment and the Conference Board Consumer Confidence Index rose. These gains reflect continuing improvement in several sectors of the economy. Strong job gains… Read More ›

Housing Prices – Slowing to Sustainable Growth

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indices for April. House prices have been recovering since reaching the bottom of the downturn in 2012. Both the new and existing single-family homes’ median sale prices are presented along with the home price index. All three indicators tell a similar story of rapid… Read More ›

Consumer Prices in May – Energy Prices Rose Sharply

The Bureau of Labor Statistics (BLS) reported consumer prices increased in May. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 5.5%, a large increase compared to 1.2% in April, and the first three months of this year. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of… Read More ›

Eye on the Economy: Starts Fall but Builder Confidence and Permits on the Rise

The pace of housing construction slowed in May, after a post-winter rebound in April. However, forward-looking indicators, most notably the NAHB/Wells Fargo Housing Market Index and the expansion of housing permits, suggest more growth ahead. The pace of housing starts in May declined 11.1% from an elevated April to a seasonally adjusted annual rate of 1.036 million single-family and multifamily… Read More ›

Housing Recovery – Prices and Production

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released the Home Price Index (HPI) for March. The price index reported by the Federal Housing Finance Agency (FHFA) decelerated in March, slowing to an annualized growth rate of 4.2% from 7.8% in February. Monthly growth rates have been volatile but have trended down since the recent peak… Read More ›

Consumer Confidence Zigzags in 2015

Consumer sentiment and consumer confidence are two indexes showing consumers’ perceptions of current business, income and employment conditions, as well as their expectations for the future’s economy. They are both highly (inversely) correlated with the unemployment rate. Based on the data from the past three decades, the Consumer Confidence Index and the Consumer Sentiment Index increase when the unemployment rate… Read More ›

Consumer Prices in April – Energy Declines Again, But Overall Prices Remain Positive

The Bureau of Labor Statistics (BLS) reported consumer prices increased in April. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.2%. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.1%. Large swings in energy prices account for most of the divergence between CPI and the… Read More ›

Eye on the Economy: Home Building Jumps in April

Home builders ratcheted up construction in April to a level not seen since November 2007. Total starts increased 20.2% from March to a seasonally-adjusted annual rate of 1.135 million. The increase was broad based, with a 16.7% jump in single-family starts to an annual pace of 733,000, the highest since January 2008, and a multifamily increase of 27.2% to an… Read More ›

Eye on the Economy: Existing Home Sales Spring Forward

Spring brought good news for housing: a rise in pending and completed existing home sales. New home sales declined significantly in March, but the current pace of newly-built home purchases is up almost 20% from a year ago. Existing home sales soared 6.1% in March, with the share of sales for first-time buyers also increasing, according to estimates from the… Read More ›

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