Homebuilder Confidence

January 20, 2021 .Homebuilder confidence declined 3points in January to 83 after having fallen 4 points in December.  But the last two months it has fallen slightly from a 35-year old record high level of 90 set in October.  It was at 74 in February prior to the...

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Consumer Sentiment

January 15, 2021 . The preliminary estimate of consumer confidence for January fell 1.5 points to 79.2 after having risen 3.8 points in December.  Consumer sentiment has been flopping around in a narrow range for the past several months.  It remains well below the...

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Industrial Production

January 15, 2021 Industrial production jumped 1.6% in December after having risen 0.5% in November and 1.0% in October,.  The nation's production sector continues to recover.  However, as shown below, production is still 3.3% below where it was in February -- prior...

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Retail Sales

January 15, 2021 Retail sales fell fell 0.7% in December after having declined 1.4% in November and 0.1% in October.   The drop in sales in November and December reflects smaller-than-normal Christmas sales as the virus began to spread more rapidly and some states...

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Initial Unemployment Claims

January 14, 2021 .Initial unemployment claims for the week of January 9 rose 181 thousand to 965 thousand after having risen 2 thousand in the previous week.  After reaching a peak of 6,867 thousand at the end of March initial claims had been steadily declining. ...

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Consumer Debt Service Ratio

January 13, 2021 Consumers debt service payments relative to income was essentially unchanged in the fourth quarter at a near-record low of 9.1% for a series that stretches back to 1980 -- 41 years ago! The household debt service ratio is an estimate of the ratio...

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Consumer Net Worth

January 13, 2021 .Consumer net worth rose $3.6 trillion in the third quarter.  That works out to an annualized rate of increase of 12.8% which follows a 29.8% increase in the second quarter.  Over the past year consumer net worth has increased 7.5%. The growth in...

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M-2

January 13, 2021 When banks lend to consumers and businesses, they put the proceeds into a checking account.  At that point the money supply begins to grow. In November M-2 grew at a 217.5% annual rate.  In the past year it has grown by a record-shattering 25.1%....

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Consumer Price Index

January 13, 2021 The CPI rose 0.4% in December after having risen 0.2% in November.  It rose1.3% in 2020. Food prices rebounded by 0.3% in December after having fallen 0.1% in November.     In the past year food prices have risen 3.8%. Energy prices jumped 4.0% in...

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