by sslifer | Apr 29, 2025 | Housing, NumberNomics Notes
April 29, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.4% in both January and February. Prices have risen 4.5% in the past year. The National Index which is a slightly broader measure of home price increases rose 0.3% in February...
by sslifer | Apr 29, 2025 | Employment, NumberNomics Notes
April 29, 2025 The Labor Department reported that job openings declined 288 thousand in March to 7,192 thousand after having fallen 282 thousand in February. The pace of economic activity has remained relatively solid while the labor market has softened very...
by sslifer | Apr 25, 2025 | Commentary for the Week, NumberNomics Notes
April 25, 2025 Fed bashing is back. A week ago Trump’s economic advisor, Kevin Hassett, said that the administration was studying options to remove Powell. Ouch! On Monday Trump managed to spook the markets when he called for preemptive rate cuts by the Fed...
by sslifer | Apr 24, 2025 | Housing, NumberNomics Notes
April 24, 2025 . Existing home sales fell 5.9% in March to 4,020 thousand after having risen 4.4% in February. Our expectation is that a steady increase in jobs will boost income, mortgage rates will edge lower in the months ahead, and prices should be about stable...
by sslifer | Apr 24, 2025 | Industrial Production, NumberNomics Notes
April 24, 2025 Durable goods orders rose 9.2% in March after having risen 0.9% in February. . Durable goods orders have risen 11.9% in the past year. But the big increase in March almost entirely reflected a jump in civilian aircraft orders. Much of the change in...
by sslifer | Apr 23, 2025 | Housing, NumberNomics Notes
April 23, 2025 New home sales jumped 7.4% in March to 724 thousand after having risen 3.1% in February. In the past year new home sales have risen 6.0%. New home sales can be volatile from month to month, but it seems clear that they are in a gradual uptrend....
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