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 18, 2024 | Employment, NumberNomics Notes
April 18, 2024 Initial unemployment claims were unchanged in the week ending April 13 at 212,000 after declining 10 thousand in the previous week. The economy is strong enough and likely to remain so for the foreseeable future. No need to start laying off people....
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...
by sslifer | Apr 15, 2024 | Housing, NumberNomics Notes
April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December. Thus, confidence has risen 17 points in the past five months as mortgage...
by sslifer | Apr 15, 2024 | NumberNomics Notes, Retail Sales
April 15, 2024 Retail sales rose 0.7% in March after climbing 0.9% in February and declining 0.9% in January. It is true that the sales gains in February and March were robust and some economists are now suggesting that the next move by the Fed could be to raise...
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