As we finally begin to see improvements in the US housing market (see discussion), it is important to note that we still have roughly 9 million mortgages that are “underwater” (the mortgage balance is higher than the value of the home). That’…
The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment rose by 46,000 to 388,000 from a revised 342,000 (previously 339,000) in…
Privately-owned housing starts in September were at a seasonally adjusted annual rate (SAAR) of 872,000. This is 15.0 percent (±12.1%) above the revised August estimate…
The Fed reported that Industrial Production rose by 0.4% in September on a seasonally adjusted basis after declining in August partly due to Hurricane Isaac.…
Deutsche Bank’s economists are turning bullish on the US output growth in 2013. They believe that improvements in US home construction (see discussion) will have a multiplier effect – even though construction by itself accounts for only 1% of the GDP. …
This report is updated to reflect the CPI data released on October 16. Retail Sales rose by 1.1% in September (month to month) and 5.4%…
US residential housing supplies remain at multi-year low levels. The inventories of unsold homes as measured in months (time to clear the inventory) are at the lowest level since 2006.Source: JPMorganTo put things in perspective, here is what the situa…
The Thompson Reuters University of Michigan Consumer Sentiment Index was released this morning, and like just about every other September release, it hugely beat economists…
The Labor Department reported that seasonally adjusted (SA) first time claims for unemployment fell by 30,000 to 339,000 from a revised 363,000 in the advance…
The job openings data from the BLS JOLTS survey is a little more delayed than other employment data but it has the advantage of being…
