Normally the new home construction for a given month is released first, followed by the existing home sales data and then the new home sales data. This week we receive the January existing home sales data, the December new construction data, and the December New Home Sales data. This column has already published a forecast article for the December data. This article only examines the existing home sales data.
Record Retail Year – December Recorded Gains Reported as A Drop from November We were on track for our best retail sales year prior to the Government Shutdown. Preliminary data was that Visa/Mastercard saw a spike in purchases and possibly the best December Retail Sales Month ever. The […]
Record Retail Year – December Recorded Gains Reported as A Drop from November We were on track for our best retail sales year prior to the Government Shutdown. Preliminary data was that Visa/Mastercard saw a spike in purchases and possibly the best December Retail Sales Month ever. Month […]
We are Mortgaging Our Future, Again The Federal Debt Clock eclipsed $22 trillion dollars during the middle of last night. This author has written a number of articles on the Federal Debt. “Federal Debt: Mortgaging Our Future – $117 Billion Monthly Mortgage Payment” (11/25/2014) “Inaction of the Debt […]
This week we received the December JOLTS Report. Last week we received the January Jobs Report. The Job Openings and Labor Turnover Survey (JOLTS) Report lags the Jobs Report by one week. This is a different employment survey from the Current Population Survey (CPS) Jobs and unemployment survey. […]
January Record Worker Levels for those over 55 Years of Old The January Jobs Report caught some people off-guard. The “experts” were anticipating a slower growth month, possibly slowing to 165,000 to 175,000 workers being added to the economy. Some prognosticators thought that he seasonally adjusted “non-farm payroll” […]
There was a “War on Women” during the 2012 election. The real war was a war on male workers. Men lost over 10 million full-time jobs at the worst of the recession. Women only lost 3.8 million full-time jobs. Both men and women had record levels of combined full-time and part-time jobs for the month of January this January.
When making comparisons in the real estate market people look at comparables. When comparing the Presidents after 24 months in office there are only two Presidents that are even close: President Trump and former President Clinton.
January Jobs Report – Mind the Revisions The January Jobs Report was released this past Friday. Most of the media was “caught off guard” by the solid January Jobs Report. The data behaved pretty much as this column had projected: Non-seasonally adjusted jobs, full-time and part-time, fell, non-seasonally […]
The Government Shutdown was supposed to show up in the January Jobs report because of the huge loss of government workers. This was supposed to place the jobs streak record in jeopardy. The problem is that the jobs streak that started under former President Obama was the “Private […]