Housing Starts

September 18, 2019 Housing starts jumped 12.3% in August to 1,364 thousand after having declined 1.5%in July and 2.5% in June.   Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which is...

Gasoline Prices

September 18, 2019 Gasoline prices at the retail level were unchanged in the week ending September 16 at $2,55 per gallon.  In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.30. The Department of Energy expects national...

Homebuilder Confidence

September 17, 2019 .Homebuilder confidence rose 1 point in September to 68 after having risen 2 points in August.  While its current level is somewhat below the readings of 70-75  at this time last  year, a level of 68 is indicative of a solid level of confidence...

Industrial Production

September 17, 2019 Industrial production jumped 0.6% in August after having declined 0.1% in July after having risen 0.1% in June.   During the past year industrial production has risen 0.4%, but one year ago it was climbing at a 5.3% pace. Breaking industrial...

Solving the Wrong Problem

September 13, 2019 The European Central Bank provided a surprise dose of monetary stimulus this past week.  Not only did it cut interest rates, it announced a new bond-buying program designed to get the economy going.   However, policy makers in Europe and the U.S....