- June new home sales dipped from May but still up 18.1 percent year-over-year
- Durable goods orders rose 3.4 percent in June but overall business investment remained soft
Tuesday, July 28, 2015
Friday, July 24, 2015
Please click here to see the edition of BuilderBytes for 7/24/15 on the Web.
- Leading Economic Index rose again in June, partly due to more housing permits
- Initial unemployment claims dipped to lowest level since November 1973 in latest report
- Mortgage applications rise 0.1 percent in latest survey as rates remained unchanged
Thursday, July 23, 2015
click here to see the edition of BuilderBytes for 7/23/15 on the Web.
- Existing home sales rose in June to highest pace in over eight years; sales price also reached record high
- FHFA House Price Index rose 0.4 percent in May and 5.7 percent year-over-year
Tuesday, July 21, 2015
- Housing starts rose 9.8 percent in June, driven by gains in apartments
- Building permits soared 30 percent in June as multi-family permits rose 79 percent
Friday, July 17, 2015
Please click here to see the edition of BuilderBytes for 7/17/15 on the Web.
- Builder confidence rises in July to highest level since November 2005
- Philadelphia Fed's Business Outlook Survey rose modestly in July
- Empire State Manufacturing Survey increased slightly in July
- Initial unemployment claims fall by 15,000 in latest report
- Mortgage applications dip 1.9 percent in latest survey
Thursday, July 16, 2015
- Retail sales unexpectedly dropped in June following weak increase in May
- Producer Price Index rose 0.4 percent in June but down 0.7 percent for previous 12-month period
- Industrial production rose 0.3 percent in June but still down 1.4 percent for the second quarter of 2015
- Both business inventories and wholesale sales rose in May
Tuesday, July 14, 2015
- Wholesale inventories bounced back strongly in May
Friday, July 10, 2015
My column for the July 2015 issue of Builder and Developer magazine is now posted online.
For this issue, entitled "The Housing Market Continues to Gain Strength," I covered recent updates for both the overall U.S. economy as well as the housing market.
Although the disappointing first quarter of 2015 initially showed U.S. GDP contracting by 0.7 percent, in the third and final estimate—which includes more accurate information from various reporting agencies—the contraction was closer to 0.2 percent...
Even better, it’s not like U.S. consumers are showing concern over this temporary swoon, and during the first half of this year have actually shown the largest and most sustained increase in economic optimism in over a decade. Even more encouraging to note is that this optimism is shared by the top, middle and bottom third of all incomes. Consequently, look for consumer spending—which powers about 70 percent of the U.S. economy—to grow about three percent this year...
To read the entire column, click here.
To read the entire July 2015 issue in digital format, click here.
Please click here to see the edition of BuilderBytes for 7/10/15 on the Web.
- Federal Reserve meeting minutes reveal reasons for delaying interest rate hikes
- Consumer credit use climbed to record high in May
- Initial unemployment claims rise by 15,000 in latest report
- Mortgage applications rise 4.6 percent in latest survey as rates dip