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Posts Tagged ‘ December ’

A few Comments on December New Home Sales

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A few Comments on December New Home Sales

New home sales for December were reported at 625,000 on a seasonally adjusted annual rate basis (SAAR). This was well below the consensus forecast, and the three previous months were revised down significantly. On an annual basis, sales were up 8.3% in 2017 compared to 2016.  This was a solid year-over-year gain. Here is...
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Schedule for Week of December 24th

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Schedule for Week of December 24th

This will be a light week for economic data. Happy Holidays and Merry Christmas! —– Monday, Dec 25th —–All US markets will be closed in observance of the Christmas Holiday. —– Tuesday, Dec 26th —–9:00 AM ET: S&P/Case-Shiller House Price Index for October (note: Some sites show this released on Wednesday during the Holidays)...
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Schedule for Week of December 17th

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Schedule for Week of December 17th

The key economic reports this week are November housing starts, new home sales and existing home sales.  Other key reports include the third estimate of Q3 GDP, and Personal Income & Outlays for November. For manufacturing, the December Philly Fed and Kansas City Fed manufacturing surveys will be released this week. —– Monday, Dec...
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NAHB: Builder Confidence increased to 70 in December

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NAHB: Builder Confidence increased to 70 in December

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 70 in December, up from 63 in November. Any number above 50 indicates that more builders view sales conditions as good than poor. From the NAHB: Builder Confidence Closes Year on a High Note Builder confidence in the market...
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EIA: “The average pump price for December is on track to be the lowest for the month in eight years”

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EIA: “The average pump price for December is on track to be the lowest for the month in eight years”

The EIA released the Short-Term Energy Outlook yesterday. From the STEO: • Benchmark North Sea Brent crude oil spot prices averaged /barrel (b) in August, a /b increase from July. This was the fourth consecutive month in which Brent spot crude oil prices averaged between /b and /b. • Brent crude oil prices are...
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Zillow Forecast: Expect “Modestly Slower Growth” in January for the Case-Shiller Indexes than in December

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Zillow Forecast: Expect “Modestly Slower Growth” in January for the Case-Shiller Indexes than in December

The Case-Shiller house price indexes for December were released last week. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: January Case-Shiller Forecast: Modestly Slower Growth Expected The December Case-Shiller indices grew at a pace in line with prior months, with all...
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Comments on December New Home Sales

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Comments on December New Home Sales

The new home sales report for December was above expectations, and sales for September, October and November were revised up. Sales were up 9.9% year-over-year in December (SA). Earlier: New Home Sales increased to 544,000 Annual Rate in December. The Census Bureau reported that new home sales in 2015 were 501,000. That is up...
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LA area Port Traffic Decreased YoY in December

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LA area Port Traffic Decreased YoY in December

Friday:• At 8:30 AM ET, the Producer Price Index for December from the BLS. The consensus is for a 0.2% decrease in prices, and a 0.1% increase in core PPI. • Also at 8:30 AM, Retail sales for December will be released. The consensus is for retail sales to be unchanged in December. •...
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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

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Phoenix Real Estate in December: Sales up 4%, Inventory down 8%

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 2:00 PM, the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts. • At 2:00 PM, The Monthly Treasury Budget Statement for...
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BLS: Forty-two States had Unemployment Rate Decreases in December

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BLS: Forty-two States had Unemployment Rate Decreases in December

From the BLS: Regional and State Employment and Unemployment Summary Regional and state unemployment rates were generally lower in December. Forty-two states and the District of Columbia had unemployment rate decreases from November, four states had increases, and four states had no change, the U.S. Bureau of Labor Statistics reported today.… Mississippi had the...
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