Tag Archive for ‘eye on the economy’

Eye on the Economy: Interest Rate Hike in December?

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. The Federal Reserve’s monetary policy committee did not increase short-term interest rates at the conclusion of its October meeting, but most analysts expect an increase in the coming months. However, recent macroeconomic data have been mixed, which may delay until next year… Read More ›

Consumer Confidence in October – More Consumers Planned to Buy a Home in the Near Future

The Conference Board recently released the Consumer Confidence Index and its two subcomponents, the Present Situation Index and the Expectations Index, for October. The Consumer Confidence Index dropped to a level of 97.6 in October following the September’s optimistic assessment of 102.6. The present situation index declined to 112.1 from 120.3 in September, and the expectations index also decreased from… Read More ›

Eye on the Economy: Builder Confidence Up in October

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. Contracts for new home sales disappointed in September, after a strong August and a run of weak job numbers. According to estimates from the Census Bureau, the monthly pace of new home sales declined 11.5% from August, falling from a 529,000 seasonally… Read More ›

Home Prices in August – Moving Toward Normal

S&P Dow Jones Indices released the August results for the S&P/Case-Shiller (CS) house price index. The index shows that house price appreciation accelerated to a seasonally adjusted annual growth rate of 5.4% in August, continuing its recovery from a late spring/early summer slowdown. After recovering from the boom and bust, the growth rate of the CS price index climbed back… Read More ›

Lower Energy Prices, Lower Consumer Prices in September

The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined at a seasonally adjusted annual rate of 1.8% in September after slipping 0.8% in August. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.6% in September, faster than 0.9% in August. In September, energy prices dropped… Read More ›

Eye on the Economy: Weak Employment Report for September

***Eye on the Economy is a biweekly survey of NAHB’s economic and housing analysis from Chief Economist David Crowe. A disappointing jobs report sounded a note a caution concerning recent labor market momentum. The Bureau of Labor Statistics reported that payroll employment expanded by only 142,000 in September, with revisions to the previous two months subtracting an additional 59,000 jobs. Residential… Read More ›

Consumer Confidence Rebounded in September

The Conference Board released its Consumer Confidence Index for September. The index is a composite of separate indexes tracking consumers’ assessments of current business, income and employment conditions, as well as their expectations for the future. The Consumer Confidence Index increased to a level of 103.0 in September from 101.3 in August. The present situation index rose to 121.1 from… Read More ›

Existing Home Sales vs. Home Prices

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller (CS) recently released their respective home price indexes for July. The FHFA index shows house price appreciation accelerated to a seasonally adjusted annual rate of 7.3% in July. The CS index shows house prices rose at an annual growth rate of 4.6% in July. Both indexes have been rising… Read More ›

Big Drops in Energy Prices in August

The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) declined at a seasonally adjusted annual rate of 0.8% in August, compared to 1.6% rise in July. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 0.9% in August, slower than 1.6% in July. In August, energy prices… Read More ›