2021 Economic Outlook Conference
2021 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight...
Durable Goods Orders
October 27, 2020 Durable goods orders rose1.9% in September after rising 0.4% in August and having jumped 11.8% in July. However durables plunged in March and April. The imposition of the stringent measures put into place in mid-March to stop the spread of the...
Case Shiller Index of Home Prices
October 27, 2020 The Case Shiller Index of Home Prices in 20 cities rose 1.2% in August after having rise 1.3% in July. Over the past year home prices have risen 6.6%. A broader index for the entire U.S. -- which would include a large number of smaller cities --...
New Home Sales
October 26, 2020 New home sales declined 3.5% in September to an annual rate pf 959 thousand after rising 3.0% in August, 14.7% in July and 14.7% in June. After dramatic increases in each of the past four months sales took a breather in September but remained at...
The “Roaring Twenties”
October 23, 2020 With every passing week the pace of economic activity remains robust. Signs of the long-awaited slowdown are elusive. While logic suggests that the economy should sputter as fiscal stimulus abates, the incoming data suggest otherwise. The labor...
GDP, Inflation, and Interest Rate Forecasts
October 23, 2020 The government's response to the corona virus stopped the economy dead in its tracks. It started to fall precipitously in March and then collapsed in April. As a result, GDP declined 31.4% in the second quarter. However, it began to turn upwards...
Existing Home Sales
October 22, 2020 Existing home sales jumped 9.4% in September to 6,540 thousand after having climbed 2.0% in August after having surged by 24.7% in July and 20.2% in June. The 6,000 thousand pace was the fastest pace of sales since 2006. In the midst of a...
Initial Unemployment Claims
r 22, 2020 Initial unemployment claims for the week of October 17 fell 53 thousand to 787 thousand after having risen 75 thousand in the previous week. After reaching a peak of 6,867 thousand at the end of March, initial claims have been steadily declining. In...
Gasoline Prices
October 21, 2020 Gasoline prices at the retail level declined $0.02 in the week ending October 19 to 2.15 per gallon. After hitting bottom at $1.77 in the week of April 27, gasoline prices have been rising steadily. In South Carolina gasoline prices tend to about...
Housing Starts
October 20, 2020 Housing starts rose 1.9% in September to 1,415 thousand after having fallen 6.7% in August. Like every other economic indicator, starts have rebounded sharply in the past five months and are now essentially back to the levels where they were in...
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