Tag Archive for ‘housing’

Falling Gas Prices Push CPI Down for the Month

The consumer price index was pushed down in November by falling gas prices. According to the latest release from the Bureau of Labor Statistics (BLS) the consumer price index declined 0.3% on a seasonally adjusted month-over-month basis. Over the past twelve months, prices on expenditures made by urban consumers increased 1.3% before seasonal adjustments. In November, the energy price index… Read More ›

Federal Open Market Committee – Patience and Inflation

The Federal Reserve’s monetary policy setting Federal Open Market Committee (FOMC) concluded its December meeting releasing a standard summary statement and Chairwoman Janet Yellen presided over a post-meeting press conference. With the asset purchase program a thing of the past as of October the all-consuming question among Fed watchers now is when to expect “liftoff”, the first increase in the… Read More ›

Solid Housing Starts Report for November

Data for housing construction activity in November indicated ongoing high levels of activity as builder confidence remains positive. According to the data from the Census Bureau and HUD, the pace of total November housing starts was down slightly (1.6%) from an upwardly revised October number. The October housing starts estimate was revised up from the initial reading of 1.009 million units (on a… Read More ›

Inflation at the Producer Level in November – Gas Powered Declines Don’t Help Wood Products Prices

The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for November. Inflation in prices received by producers (prior to sales to consumers) declined 0.2% in November from October driven by falling energy prices. Excluding food and energy, core price were down 0.1%. Softwood lumber prices dipped 2.1% for the month but have mostly moved sideways in 2014,… Read More ›

Home Equity Grows During the Third Quarter

According to NAHB tabulations of the third quarter Federal Reserve Flow of Funds, the real estate equity position of U.S. households (the difference between assets and liabilities) increased nearly 1.6% for the quarter. The market value of real estate held by U.S. households increased $180 billion dollars during the quarter, while liabilities (home mortgages) remained virtually unchanged. The value household-owned… Read More ›

What Homes Do Millennials Buy?

New NAHB research shows that millennials tend to buy homes that are smaller, older, and less expensive than homes bought by older generations. Being the youngest home buyers with little or no accumulated wealth also affects how millennials shop and buy their homes. The majority of millennials are buying homes for the first time in their lives. Three out of… Read More ›

The Employment Situation in November – 3-2-1, Lift Off!

Is the economic recovery finally ready to blast off? The Bureau of Labor Statistics (BLS) reported that payroll employment expanded by 321 thousand in November, an increase well above expectations. Monthly employment gains prior to November have averaged 233 thousand in 2014. Job gains in September and October were revised upward by a total of 44 thousand. The average workweek… Read More ›