by sslifer | Nov 27, 2024 | Housing, NumberNomics Notes
November 27, 2024 Pending home sales rose 2.0% in October to 77.4 after jumping 7.5% in September and 0.6% in August. This is the third consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said, “Homebuying...
by sslifer | Nov 27, 2024 | Industrial Production, NumberNomics Notes
November 27, 2024 Durable goods orders rose 0.2% in October after having fallen 0.4% in September. Durable goods orders have risen 2.7% in the past year. Much of the change in durables is frequently in the transportation sector — airplanes, cars, and trucks. ...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 New home sales plunged by 17.3% in October to 610 thousand after having risen 7.0% in September. However, the drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales will rebound over the...
by sslifer | Nov 26, 2024 | Consumer, NumberNomics Notes
November 26, 2024 . The Conference Board reported that consumer confidence rose 2.1 points in November to 111.7 after jumping 10,4 points in October and falling 6.4 points in September. Chief Economist at the Conference Board, Dana Peterson, said “Consumer confidence...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.3% in September after falling 0.3% in August. It has risen 4.6% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “Home price growth...
by sslifer | Oct 31, 2024 | Inflation, NumberNomics Notes
October 31, 2024 The employment cost index for civilian workers climbed at a 3.1% annual rate in the third quarter after rising at a 3.7% pace in the second quarter. Over the course of the past year it has risen 3.9%. The employment cost index peaked at 5.1% in the...
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