by sslifer | Apr 30, 2025 | Housing, NumberNomics Notes
April 30, 2025 Pending home sales jumped 6.1% in March to 76.5 after having risen 2.1% in February. The National Association of Realtors chief economist, Lawrence Yun said, “Home buyers are acutely sensitive to even minor fluctuations in mortgage rates. While...
by sslifer | Apr 30, 2025 | GDP, NumberNomics Notes
April 30, 2025 . The advance estimate of first quarter GDP was a decline of 0.3%. That compares to the final estimate of fourth quarter GDP of 2.5%. Growth in the past year has been 2.0%. That first quarter decline was seriously distorted by a dramatic increase in...
by sslifer | Apr 30, 2025 | GDP, NumberNomics Notes
April 30, 2025 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
by sslifer | Apr 30, 2025 | GDP, NumberNomics Notes
April 30, 2025 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
by sslifer | Apr 30, 2025 | GDP, Inflation, NumberNomics Notes
April 30, 2025 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
by sslifer | Apr 30, 2025 | Inflation, NumberNomics Notes
April 30, 2025 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components. The...
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