Market Fears Not Justified

July 23, 2021 The economy is on a roll with no appreciable slowdown in sight.  The stock market reaches a new record high level every few weeks.  Bond yields are lower than anybody expected with inflation on the rise.  With such a heady economic and investment climate...

Existing Home Sales

July 22, 2021 Existing home sales rose 1.4% in June to 5,860 thousand after having declined by 1.2% in May.   The four consecutive declines from February through May were almost certainly caused by the  the lack of supply which is currently at a near record low level...

Initial Unemployment Claims

July 22, 2021 Initial unemployment claims for the week of July 17 rose 51 thousand to 419 thousand after having fallen 18 thousand  in the previous week.  The July 10 level of 368 thousand was the lowest level of claims since March 14, 2020 when it was 256 thousand. ...

Housing Starts

July 20, 2021 Housing starts jumped 6.3% in June to 1,643 thousand after having risen 2.1% in May.  Like every other economic indicator, starts have rebounded sharply since the recession ended last April and have far surpassed the levels where they were in February of...

Homebuilder Confidence

July 19, 2021 .Homebuilder confidence fell 1 point in July to 80 after having declined 2 points in June.  The last several months the index has fallen slightly from a 35-year old record high level of 90 set in November of last year.  It was at 74 in February of last...