Housing Starts

January 19, 2022 Housing starts climbed 1.4% in December to 1,702 thousand after having jumped 8.1% in November   Starts continue to climb.   The recent run-up in COVID cases does not appear to have affected the starts data in December.  January should register a...

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Homebuilder Confidence

January 18, 2022 .Homebuilder confidence fell 1 point in January to 83 after having risen 1 point in December to.  The index edged lower in January but remains at a very lofty level. NAHB Chairman Chuck Fowke said, “Higher material costs and lack of availability...

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Consumer Sentiment

January 14, 2022 . The preliminary estimate of consumer sentiment for January fell 1.8 points to 68.8 after having risen 3.0 points in December  .The November level was the lowest level of confidence in a decade. Surveys of Consumers Chief Economist Richard Curtin...

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Industrial Production

January 14, 2022 Industrial production fell 0.1% in December after having risen 0.7% in November and having surged 1.2% in October.  The manufacturing sector continues to deal with supply constraints and labor shortages which are curtailing the speed with which it...

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Retail Sales

January 14, 2022 Retail sales plunged by 1.9% in December compared to a 0.3% increase that had been expected.  Retail sales rose 0.2% in November after having jumped 1.8% in October.  The rapid spread of the Omicron variant appears to have played a role in the...

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Producer Price Index

January 13, 2022 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.2% in...

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Initial Unemployment Claims

January 13, 2022 Initial unemployment claims for the week of January 8 rose 23 thousand to 230 thousand after rising 7 thousand in the previous week.  After reaching a peak of 6,867 thousand in March of last year claims have been falling rapidly.  The 4-week...

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Gasoline Prices

January 12,2022 Gasoline prices rose $0.02 in the week ending January 10 to $3.30 per gallon.  In South Carolina gasoline prices tend to about $0.25 below the national average or $3.05.  The EIA expects gasoline prices nationally to average $3.06 per gallon this...

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