A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Commerce Department ’
New-Home Sales Rise – New York Times
AFPNew-Home Sales RiseNew York TimesSales of new homes in the United States increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343000, the Commerce Department said Wednesday, and the rise was latest signal that the housin...
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New Home Sales Rise More Than Expected – Fox Business
Austin American-StatesmanNew Home Sales Rise More Than ExpectedFox BusinessNew US single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner. The Commerce Department sa...
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Commerce Department imposes tariffs on Chinese solar panels – Ideal Taxes Association
The GuardianCommerce Department imposes tariffs on Chinese solar panelsIdeal Taxes AssociationThe solar industry is suffering from huge over-production glut worldwide due to the subsidies of the American solar panel industry by the US government and th...
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US slaps big duties on Chinese solar cells – Full Story
(via AFP) The United States slapped hefty anti-dumping duties on Chinese solar cell makers Thursday in a move likely to heighten trade tensions between the two global economic powers. The Commerce Department said it had found that Chinese solar cell producers and exporters had been selling solar cells into the…
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US imposes stiff tariffs on Chinese for ‘dumping’ solar panels – Los Angeles Times
New York TimesUS imposes stiff tariffs on Chinese for 'dumping' solar panelsLos Angeles TimesBy Don Lee WASHINGTON -- The US has decided to slap tariffs of 31% and higher on solar panels imported from China for “dumping” them in the America...
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US builders started construction on more homes in April, as confidence in … – Washington Post
CNBC.comUS builders started construction on more homes in April, as confidence in ...Washington PostWASHINGTON — US builders began work on more homes last month, evidence that the battered housing market is slowly healing. The Commerce Department sai...
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Real Deal on Retail- Even Worse Than They Said
The headline number for retail sales today was an increase of 0.1% month to month, seasonally adjusted, which exactly met the conomic consensual sextimate of 0.1%. Here’s how Bloomberg put it. U.S. Retail Sales Cool After Warm-Weather Spree: Economy Retail sales rose in April at the slowest pace of the year as Americans took...
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US factory orders decline – MarketWatch
Globe and MailUS factory orders declineMarketWatchBy Jeffry Bartash WASHINGTON (MarketWatch) - Orders for goods produced in US factories dropped 1.5% in March, the biggest decline in three years, the Commerce Department reported Wednesday. Economists s...
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US consumer spending slowed in March, income rose – The Associated Press
The Associated PressUS consumer spending slowed in March, income roseThe Associated PressBy MARTIN CRUTSINGER, AP Economy Writer – 2 minutes ago WASHINGTON (AP) — Americans increased their spending more slowly in March, suggesting some are worried ...
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U.S. homeownership rate drops to 15-year low in Q1
U.S. homeownership rate drops to 15-year low in Q1
Reuters – 44 minutes ago.. .
WASHINGTON (Reuters) - The share of privately owned U.S. homes fell to a 15-year low in the first quarter, government data showed on Monday, suggesting that falling hous...
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Lots of Conomic Data Releases, All Of Them Misleading
There’s been lots of conomic data over the past couple of days. I covered the NAHB builder survey yesterday. Regardless of the fact that the housing market is at pathetic levels historically, the builder data showed the rebound off the lows to be on track. Today, the government released data on housing starts to...
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Builder Indexes Down In April, But Trend Is Still Up
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream media and the NAHB itself has already widely reported only the bad news that April was down versus...
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Housing Market Data Tilts Slightly Positive
Some housing sales data now shows prices with a slight year over year increase including the NAR’s existing home sales and the Commerce Department’s new home sales data. The NAR data is from February, representing mostly contracts from December. It tells us nothing about the current market. The Commerce Department data is more current,...
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New House Sales Show Continued Improvement
While the media was touting a miss on consensus expectations, and Bloomberg posted an outright lie on Twitter, the actual unadjusted data did show a big improvement over the year ago performance.
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Strongest Retail Sales of the Century, But Pundits Fail to Blame Weather
As was typical of this morning’s reporting on the Commerce Department’s advance retail sales release for February, Marketwatch (Dow Jones) reported that the 1.1% gain (seasonally massaged) was the fastest in 5 months. It missed their consensus expectations, but only by a tenth of a percent. Bloomberg also touted the gain as the biggest...
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Durable Goods Orders in U.S. Slump 4%, Most in Three Years
Durable Goods Orders in U.S. Slump 4%, Most in Three Years
By Timothy R. Homan - Feb 28, 2012 8:36 AM ET
Orders for U.S. durable goods fell in January by the most in three years, led by a slowdown in demand for commercial aircraft and business equip...
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Weak income curbs consumer spending
Weak income curbs consumer spending
On Friday September 30, 2011, 9:08 am
WASHINGTON (Reuters) - Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report tha...
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Fed Mirages Have Media Seeing Things
Today’s report on factory orders is just another example of why all media reported data must be taken with a grain of salt. Here’s how Marketwatch put it. “Orders for goods produced in U.S. factories rose 2.4% in July, the Commerce Department reported Wednesday. Economists surveyed by MarketWatch expected orders to rise a seasonally...
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Is Deflation Back?
Deflation has returned.
For the first time in a year, consumer prices fell in June, according to a new report from the Commerce Department released Tuesday. The price decline was driven by energy declines, and is just one month’s data point, but e...
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U.S. Economy Slows Sharply in First Half of Year
WASHINGTON (AP) -- The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
The combined growth for the first six month...
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U.S. May trade gap widens to $50.2 billion
July 12, 2011, 8:47 a.m. EDT
U.S. May trade gap widens to $50.2 billion
Deficit driven by higher oil imports; biggest gap since fall 2008
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — The U.S. trade deficit jumped 15.1% in May to the ...
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U.S. Government Spending is the Biggest Threat to Economic Recovery
A handful of factors threaten the strength of the U.S. economic recovery this year, like U.S. government spending and high unemployment, leading many to wonder just how well the country's economy will fare in 2011.
The U.S. Commerce Department reported last month that U.S. gross domestic product (GDP)...
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Housing Prices Rise In Response to Reduced Supply, Higher Employment
No, this is not an April Fools joke. In a surprising turn of events, listing prices rose sharply in March. It could be a case of hope springs eternal, but may also be a result of less foreclosure inventory on the market and a strong gain in total employment in March. The reduction in...
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New Home Sales Break All Time Record!
New home sales came in at 19,000 units in January. according to the Commerce Department. This is the lowest monthly level of sales in recorded history. The government began taking the survey in 1963. In contrast, sales in January 2005 were 92,000 units...
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The Housing Recovery LIE – Professional Edition
The lagged data from the worst housing indicator in the world, Case Shiller, came out this week, following last week’s release of existing home sales closings in December. Also out this week, the Commerce Department’s Report on new home sales, and the NAR’s data on sales contracts. The Case Shiller data is still catching...
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How To Fall From Near Zero- Slowly – Professional Edition
Mortgage applications remained moribund this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. New homes sales data released by the Commerce Department today shows builder sales at new record lows. The housing industry remains in a...
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Housing Starts Suggest Inventory Build- Professional Edition
Mortgage applications turned lower this week after a counter trend move in most of October and November. The data shows no sign of a reversal of the downtrend in purchase applications. December homebuilder survey data released today also shows no movement off rock bottom levels. Likewise for November housing starts, although the media, as...
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A Stake Through The Heart
Well, I guess I nailed that one... Heh heh. Sort of, anyway. Here's what I wrote in last night's Professional Edition Housing Update-
QuoteTomorrow’s Commerce Department new home sales data should be very weak. According to Econoday and Briefing.com...
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U.S. Economic Growth: GDP Minus the Federal Deficit
April 28, 2011 Guest Commentary by Randy Degner Note from dshort: A few days before today's publication of the Q1 2011 advance GDP estimate, I received an email that eloquently expresses a widely held view of Gross Domestic Product — namely ...
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