New Home Sales: A Bright Spot in Housing Indicators
– by a New Deal Democrat New home sales are very loud and heavily reviewed, which is why I pay more attention to single family permits. But they have one…
Strong upside revisions push real personal income to new highs, put 2 key matching indicators firmly in expansion territory
– by a New Deal Democrat Almost all of the news in the morning edition about personal income and spending for January was positive. In nominal terms, personal income rose…
The ‘gold standard’ of jobs data shows a strong recovery in Q3 2022
– by a New Deal Democrat The ‘gold standard’ of jobs data The QCEW Q3 2022 preliminary estimate was released yesterday. Although the monthly non-farm payrolls report gets all the…
The initial claims continue a recent excellent streak
– by a New Deal Democrat Initial jobless claims continued their recent excellent reading as there were just 192,000 new claims, down -3,000 from the previous week and near their…
Consumption leads to jobs: a comprehensive update
– by a New Deal Democrat Yesterday I came across a post on Seeking Alpha from the Chief Economist of a major trading platform who probably makes in one week…
Sales and prices of existing homes are falling further. BUT. . .
– by a New Deal Democrat Sales and prices of existing homes are falling further. BUT. . . Although sales of existing homes make up about 90% of the total…