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Posts Tagged ‘ December ’

Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada housing market slowed down in December, GLVAR housing statistics for December 2018 The recent cooling trend...
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Comments on December Employment Report

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Comments on December Employment Report

The headline jobs number at 312 thousand for December was well above consensus expectations of 180 thousand, and the previous two months were revised up 58 thousand, combined. However, the unemployment rate increased to 3.9%. This was a strong report. Earlier: December Employment Report: 312,000 Jobs Added, 3.9% Unemployment Rate In December, the year-over-year...
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Schedule for Week of December 23, 2018

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Schedule for Week of December 23, 2018

Happy Holidays and Merry Christmas! The key economic reports this week are November New Home sales, and October Case-Shiller House Prices. Note: If the government is shutdown, the new home sales report will probably be delayed. —– Monday, Dec 24th —–8:30 AM ET: Chicago Fed National Activity Index for November. This is a composite...
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Schedule for Week of December 9, 2018

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Schedule for Week of December 9, 2018

The key economic reports this week are November CPI and Retail Sales. For manufacturing, November industrial production will be released this week. —– Monday, Dec 10th —–10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS. This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red...
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Schedule for Week of December 2, 2018

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Schedule for Week of December 2, 2018

The key report this week is the November employment report on Friday. Other key indicators include the November ISM manufacturing and non-manufacturing indexes, November auto sales, and the October trade deficit. Fed Chair Jerome Powell testifies on the Economic Outlook on Wednesday. —– Monday, Dec 3rd —–10:00 AM: ISM Manufacturing Index for November.  The...
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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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