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Schedule for Week of January 26, 2020

The key reports scheduled for this week are the advance estimate of Q4 GDP and December New Home sales.  Other key indicators include December Personal Income and Outlays and November Case-Shiller house prices.For manufacturing, the Dallas and Richmond Fed manufacturing surveys will be released.The FOMC meets this week, and no…

Schedule for Week of January 26, 2020

Q4 GDP Forecasts: 1.2% to 2.2%

The preliminary estimate of Q4 GDP will be released on Thursday, January 30th. The consensus is that annualized real GDP increased 2.2% in Q4.From Merrill Lynch We expect GDP growth in 4Q to hold steady at 2.0% qoq saar. [Jan 24 estimate]emphasis addedFrom the NY Fed Nowcasting ReportThe New York…

Q4 GDP Forecasts: 1.2% to 2.2%

BLS: December Unemployment rates at New Series Lows in Eight States

From the BLS: Regional and State Employment and Unemployment SummaryUnemployment rates were lower in December in 11 states, higher in 4 states, and stable in 35 statesand the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Eight states had jobless rate decreases from a year earlier, 1…

BLS: December Unemployment rates at New Series Lows in Eight States

Sacramento Housing in December: Sales Up 12.7% YoY, Active Inventory down 38.8% YoY

From SacRealtor.org: December market sees inventory drop 27% December closed with 1,244 sales, up slightly from 1,242 in November. Compared to one year ago (1,104), the current figure is up 12.7%. …Over the last three months the Active Listing Inventory has decreased from 2,301 units in October to 1,803 units…

Sacramento Housing in December: Sales Up 12.7% YoY, Active Inventory down 38.8% YoY

Hotels: Occupancy Rate Increases Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 18 JanuaryThe U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 12-18 January 2020, according to data from STR.In comparison with the week of 13-19 January 2019, the industry recorded the following:• Occupancy:…

Hotels: Occupancy Rate Increases Year-over-year

LA area Port Traffic Down Year-over-year in December

Special note: The expansion to the Panama Canal was completed in 2016 (As I noted a few years ago), and some of the traffic that used the ports of Los Angeles and Long Beach is probably going through the canal. This might be impacting TEUs on the West Coast.Container traffic…

LA area Port Traffic Down Year-over-year in December

Kansas City Fed: "Tenth District Manufacturing Activity Nearly Flat in January"

From the Kansas City Fed: Tenth District Manufacturing Activity Nearly Flat in JanuaryThe Federal Reserve Bank of Kansas City released the January Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity was…

Kansas City Fed: "Tenth District Manufacturing Activity Nearly Flat in January"

Weekly Initial Unemployment Claims Increase to 211,000

The DOL reported:In the week ending January 18, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 204,000 to 205,000. The 4-week moving average was 213,250, a decrease of…

Weekly Initial Unemployment Claims Increase to 211,000

AIA: "Architecture Billings Index Ends Year on Positive Note"

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index Ends Year on Positive NoteDemand for design services in December increased for the third month in a row, according to a new report today from The American Institute of…

AIA: "Architecture Billings Index Ends Year on Positive Note"

Black Knight’s First Look: National Mortgage Delinquency Rate Decreased in December

From Black Knight: Black Knight’s First Look: Strong Close to 2019 Pushes Mortgage Delinquency Rate to Near Record Low• Mortgage delinquencies fell by nearly 4% month-over-month to within 0.04% of the record low set in May 2019 and more than 12% below last year’s level• The national foreclosure rate fell…

Black Knight’s First Look: National Mortgage Delinquency Rate Decreased in December

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