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Posts Tagged ‘ Update ’

Update: Framing Lumber Prices Up Sharply Year-over-year

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Update: Framing Lumber Prices Up Sharply Year-over-year

Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs – and prices are once again near the bubble highs. This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through November 2017 (via NAHB), and 2) CME framing futures....
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Update: For Fun, Stock Market as Barometer of Policy Success

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Update: For Fun, Stock Market as Barometer of Policy Success

Note: This is a repeat of a June post with updated statistics and graph. There are a number of observers who think the stock market is the key barometer of policy success.  My view is there are many measures of success - and that the economy needs to work well for a majority of the people...
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Update: “Scariest jobs chart ever”

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Update: “Scariest jobs chart ever”

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 265 thousand initial claims, up from 254 thousand the previous week. • Also at 8:30 AM, The Producer Price Index for June from the BLS. The consensus is for a 0.3% increase in prices, and a...
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El Niño Update: Possibly “most powerful on record”

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El Niño Update: Possibly “most powerful on record”

From the LA Times: El Niño could be the most powerful on record, scientists say On the impact: For the United States, El Niño can shift the winter track of storms that normally keeps the jungles of southern Mexico and Central America wet and moves them over California and the southern United States. The...
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Update: Framing Lumber Prices down Year-over-year

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Update: Framing Lumber Prices down Year-over-year

Here is another graph on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs. The price increases in early 2013 were due to a surge in demand (more housing starts) and supply constraints (framing lumber suppliers were working to bring more capacity online). Prices didn’t increase as much...
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Update: Predicting the Next Recession

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Update: Predicting the Next Recession

Recently there has been more discussion of a recession in 2015. That seems very unlikely to me – I’m not even on “recession watch”.    I decided to repeat a post I wrote in January 2013. (almost 2 1/2 years ago).  This still seems correct – and I’ve added a few updates in italics....
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Update: U.S. Heavy Truck Sales

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Update: U.S. Heavy Truck Sales

Click on graph for larger image. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the March 2015 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the recession, falling to a low of 181 thousand in April 2009 on a seasonally adjusted...
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Update: The recovery in U.S. Heavy Truck Sales

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Update: The recovery in U.S. Heavy Truck Sales

Click on graph for larger image. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the recession, falling to a low of 181 thousand in April 2009 on a seasonally adjusted annual...
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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

Here is another weekly update on housing inventory … There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then usually peaking in mid-to-late summer. The Realtor (NAR) data is monthly and released with a lag (the most recent data released was for May).  However...
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Update: Framing Lumber Prices

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Update: Framing Lumber Prices

Here is another graph on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs. Then prices started to decline sharply, and prices declined over 25% from the highs by June. The price increases early last year were due to stronger demand (more housing starts) and supply constraints (framing...
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