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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