In spite of some relatively strong economic data coming out of the US (see post), risks to near-term growth remain. One of those risks comes from higher than expected inventory build. We saw this come through in the latest GDP numbers.TD Economics: – W…
The 30 day moving average of US house sales showed prices and volume continuing to rise in the week ended June 14 in data reported…
China’s commodity inventories are building up rapidly, indicating that demand for power and steel is slowing as the economy cools. As of Wednesday, coal stockpiles…
Builders are only adding about 450,000 single family units per year. Total starts including multifamily over the past 12 months were 653,000. Meanwhile, the US…
(Reuters) – When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks,…
BloombergEconomy in US Grew Less Than Forecast in First QuarterBloombergThe US economy expanded less than forecast in the first quarter as a smaller contribution from inventories overshadowed the biggest gain in consumer spending in more than a year. G…
The NAR reported today that their members settled 361,000 house sales in March (actual, not seasonally manipulated), up 74,000 from February. The median price rose…
The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so…
CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was…
Foreclosures are setting new records again, this time not in their overall numbers, but in the time it is taking for all of these properties to be processed through the legal system. The average loan in foreclosure has now been delinquent a record 6…
