by sslifer | Apr 25, 2024 | GDP, Inflation, NumberNomics Notes
April 25, 2024 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 24, 2024 | Industrial Production, NumberNomics Notes
April 24, 2034 Durable goods orders rose 2.6% in March after rising 0.7% in February, but plunging 6.9% in December. While very volatile on a monthly basis, they have risen a modest 1.3% in the past year. Much of the change in durables is frequently in the...
by sslifer | Apr 23, 2024 | Housing, NumberNomics Notes
April 23, 2024 New home sales jumped 8.8% in March to 693 thousand after having fallen 5.1% in February, New home sales reached a low point in the middle of last year, but have risen somewhat since then.. Existing home sales are being constrained by a lack of...
by sslifer | Apr 19, 2024 | Commentary for the Week, NumberNomics Notes
April 19, 2024 Economic forecasts have been notably inaccurate for the past couple of years. Virtually every economist expected a recession in the second half of last year. But growth for the year was a solid 3.1%. Most economists expected the inflation...
by sslifer | Apr 18, 2024 | Housing, NumberNomics Notes
April 18, 2024 . Existing home sales declined 4.3% in March to 4,190 thousand after having jumped 9.5% in February Sales had been falling for almost two years as the combination of sharply higher mortgage rates and higher home prices took their toll But with the...
by sslifer | Apr 16, 2024 | Housing, NumberNomics Notes
April 16, 2024 Housing starts plunged by 14.7% in March to 1,321 thousand after having risen 12.7% in February after having dropped by 12.2% in January. Clearly, starts have been very volatile in recent months as cold and snowy weather has affected the outcome in...
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