by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 New home sales plunged by 17.3% in October to 610 thousand after having risen 7.0% in September. However, the drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales will rebound over the...
by sslifer | Nov 26, 2024 | Consumer, NumberNomics Notes
November 26, 2024 . The Conference Board reported that consumer confidence rose 2.1 points in November to 111.7 after jumping 10,4 points in October and falling 6.4 points in September. Chief Economist at the Conference Board, Dana Peterson, said “Consumer confidence...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.3% in September after falling 0.3% in August. It has risen 4.6% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “Home price growth...
by sslifer | Nov 22, 2024 | Commentary for the Week, NumberNomics Notes
November 22, 2024 Every economist has attempted to predict the impact on economic growth and inflation from the long list of policies Trump is supporting. Economic forecasting is challenging enough every year when dealing with the usual variables — consumer...
by sslifer | Nov 15, 2024 | Commentary for the Week, NumberNomics Notes
November 15, 2024 The retail sales data for October combined with upwards revisions to September indicate that the consumer is still willing to spend. That is not a great surprise. Driven by the rapid ascent of the stock market and surging home prices, consumer net...
by sslifer | Nov 8, 2024 | Commentary for the Week, NumberNomics Notes
November 8, 2024 When asked about their level of confidence consumers often highlight inflation as a major concern. When inflation began to rise in mid-2020 Fed Chair Powell told us not to worry because the run-up in prices would be temporary. That led us to...
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