The Commerce Department reported today that sales of newly built homes posted a seasonally adjusted month to month decline of 7.6% to an annualized rate…
Housing demand growth is slowing, so why is housing inflation continuing at a steady pace more than twice the rate of the CPI? The answer…
There were two important releases on the US housing market today. One is the widely followed Existing Home Sales report from the NAR and the…
The US Government publishes lots and lots of economic data, much of it conflicting, and much that’s highly suspicious. We know that the Household Income…
The Commerce Department reported that the headline number for August housing starts was 1.142 million units. This was below the overly optimistic consensus estimate of…
ECB data on bank deposits for the Eurozone shows total bank deposits down sharply in July, breaking the uptrend in force since the low in 2014. That’s shocking considering that the ECB just boosted its money printing QE programs. Deposits should be rising steadily in concert with the amount of QE, not falling. But cash extinguishment and capital flight are increasing faster than the ECB can print.
The US Census Bureau said yesterday that annual household income rose 5.2% in 2015. Compare that with the gain in BLS reported average weekly earnings…
New York Times- Binyaming Applebomb- Household incomes for American families rose strongly in 2015, breaking a yearslong pattern of income stagnation. The median household’s income in…
Real time withholding tax collections slumped badly in August after skyrocketing in July. The growth rate is now back to the lowest levels of the…
The Case Shiller home sales price indexes (CSI) overweight the sales of old houses and bank REO sales. The CSI indexes do not count sales of…
