Nothing was found on your request

Calculated Risk Blog

NAR: Existing-Home Sales Decreased to 4.99 million in December

NAR: Existing-Home Sales Decreased to 4.99 million in December

From the NAR: Existing-Home Sales See 6.4 Percent Drop in December After two consecutive months of increases, existing-home sales declined in the month of December, according to the National

Tuesday: Existing Home Sales

Weekend: • Schedule for Week of January 20, 2019 Tuesday: • At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 5.24 million SAAR,

Existing Home Sales for December: Take the Under

The NAR is scheduled to release Existing Home Sales for December at 10:00 AM on Tuesday, January 22nd. The consensus is for 5.24 million SAAR, down from 5.32 million in November. Housing economist
Oil: A huge drop in rig counts

Oil: A huge drop in rig counts

A few comments from Steven Kopits of Princeton Energy Advisors LLC on January 18, 2019: • A huge drop in oil rig counts, -21 to 852 • Horizontal oil rig count collapsed, -17 to 765 • The Permian
Schedule for Week of January 20th

Schedule for Week of January 20th

Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the new home sales and durable goods reports

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)

Q4 GDP Forecasts: Mid-to-High 2s

From Merrill Lynch: 4Q GDP tracking remains at 2.8%. We forecast 1Q GDP growth of 2.2%, but downside risks are emerging due to the government shutdown. [Jan 18 estimate] emphasis addedFrom the NY Fed

Consumer Sentiment Declined in January, Lowest since 2006

From the University of Michigan: Preliminary Results for January 2019 Consumer sentiment declined in early January to its lowest level since Trump was elected. The decline was primarily focused on
BLS: Unemployment Rates Higher in 4 states in December; Lower in 3 States

BLS: Unemployment Rates Higher in 4 states in December; Lower in 3 States

From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were higher in December in 4 states, lower in 3 states, and stable in 43 states and the District of Columbia,
Industrial Production Increased 0.3% in December

Industrial Production Increased 0.3% in December

From the Fed: Industrial Production and Capacity Utilization Industrial production increased 0.3 percent in December after rising 0.4 percent in November. For the fourth quarter as a whole, total

Friday: Industrial Production

Friday: • At 9:15 AM ET, The Fed will release Industrial Production and Capacity Utilization for December. The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization

California Existing Homes in December: Sales Down 12% YoY, Inventory Up 31%

The CAR reported: California home sales close year on downward trend as home prices post mild gains, C.A.R. reports California home sales declined for the eighth straight month in December, and a

Economic Comic Relief

This is from the Humor Session of the 2019 American Economic Association annual meeting.
Philly Fed Mfg "Continued to Grow" in January

Philly Fed Mfg "Continued to Grow" in January

From the Philly Fed: January 2019 Manufacturing Business Outlook Survey Manufacturing activity in the region continued to grow, according to results from the January Manufacturing Business Outlook
Weekly Initial Unemployment Claims decreased to 213,000

Weekly Initial Unemployment Claims decreased to 213,000

The DOL reported: In the week ending January 12, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 3,000 from the previous week's unrevised level of 216,000. The

Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

Thursday: • At 8:30 AM, POSTPONED Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR. • At 8:30 AM, The initial weekly unemployment claims report

Lawler; Early Read on Existing Home Sales in December: Big Drop

From housing economist Tom Lawler: Early Read on Existing Home Sales in December: Big Drop Based on publicly-available local realtor/MLS reports released across the country through today, I project

Fed's Beige Book: Economic Growth "modest to moderate", Labor Market "Tight"

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Chicago based on information collected on or before January 7, 2019. " Economic activity increased in most of the U.S., with

Sacramento Housing in December: Sales Down 22% YoY, Active Inventory up 36% YoY

From SacRealtor.org: December 2018 Statistics – Sacramento Housing Market – Single Family Homes; Real estate market slows for holiday season December closed with 1,104 total sales, a 15.3% decrease
NAHB: Builder Confidence Increases in January

NAHB: Builder Confidence Increases in January

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 58 in January, up from 56 in December. Any number above 50 indicates that more builders view sales