by sslifer | Dec 30, 2024 | Housing, NumberNomics Notes
December 30, 2024 Pending home sales rose 2.2% in November to 79.0 after gaining 1.8% in October, 7.5% in September, and 0.6% in August. This is the fourth consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said,...
by sslifer | Dec 27, 2024 | Commentary for the Week, NumberNomics Notes
December 27, 2024 No economic commentary this week. Enjoying the time with my family. I hope that you all are able to enjoy this holiday season by spending some time with your families as well. Happy New Year. Steve
by sslifer | Dec 23, 2024 | Housing, NumberNomics Notes
December 23, 2024 New home sales rebounded by 5.9% in November to 664 thousand after having plunged by 14.8% in October However, the October drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales in the...
by sslifer | Dec 23, 2024 | Consumer, NumberNomics Notes
December 23, 2024 . The Conference Board reported that consumer confidence fell 8.1 points in December to 104.7 after having risen by rose 3.2 points in November.. Chief Economist at the Conference Board, Dana Peterson, said “The recent rebound in consumer confidence...
by sslifer | Dec 23, 2024 | Industrial Production, NumberNomics Notes
December 23, 2024 Durable goods orders fell 1.1% in November after having risen 0.8% in October. Durable goods orders have declined 5.2% in the past year. Much of the change in durables is frequently in the transportation sector — airplanes, cars, and...
by sslifer | Dec 20, 2024 | Commentary for the Week, NumberNomics Notes
December 20, 2022 Recent Fed policy has been confusing to say the least. In September the focus was on the unemployment rate and the Fed eased aggressively. Two months later the focus shifted back to inflation and the Fed seemed nervous. The Fed basically told us...
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