Fourth Quarter GDP was not impacted by the Government Shutdown There were a number of pundits who thought that he fourth quarter GDP might be negatively impacted by the Government Shutdown. This column produced one article “Government Shutdown May Not Show Up in Government Data,” and a second […]
This column published an article “December Real Estate Surprise Forecasted” projecting the potential outcomes of the December New Construction data, the December New Home Sales Data, and the December Existing Home Sales data. December Starts have been sluggish for years – they may surprise to the upside.There is […]
January Data was expected to surprise some analysts – And it did, as inventory improved, a new January average sales price was set, and units sold slowed There are three main components that need to be observed in the Existing Home Sales Report: Inventory, Units sold, and Average […]
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 […]
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. […]
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 […]
Still on Track for Best Year since 2007 The data that was released today was the November New Home Sales data. We should have received the December New Home Sales Data by now. The Government Shutdown delayed the release of both reports. The November Real Estate forecast article […]
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