February New Home Sales: Delayed not Denied

The February New Home Sales data came in better than February 2018 for units sold, average sales price, and inventory. The release of the February New Home Sales Report was delayed by the Government Shutdown.

Fourth Quarter GDP: Stripped Gears

The final GDP growth for 2018 remained at 2.9% even after the quarter to quarter growth rate was reduced from 2.6% to 2.2% and the same quarter growth rate was revised from 3.1% to 3.0%. There were downward revisions to all four main categories for the annualized, quarter to quarter growth, and three of the four categories for the same quarter GDP calculations.

February Real Estate Data Could Spike

The housing data from the first month or two often set the pace fr the rest of the year. This year, we missed the starting gun because of the Government Shutdown. It is possible that we could receive a larger than expected bounce in the new construction data, the new home sales data, and the existing home sale data. This is a twelve lap race and we are in lap two.

What is the story behind the declining household worth story?

What the recent report of declining household wealth a hiccup or a heart attack? Was it something different? Whereas some economists and pundits are projecting “non-existent” annualized GDP growth of 0.5% for first quarter, it is more likely that we will see between 1.5% and 2.5% annualized growth, and possibly even better han the 2.6% reported during fourth quarter of 2018.

Breaking The News

Forty Nine Muslims are confirmed as dead after a gunman opened fire on them at two mosques in Christchurch, New Zealand. Cue much hand-wringing and vicarious [fake] grieving by TV presenters, politicians, and the liberal media’s talking heads. I await the usual self-loathing analysis and commentary by western […]