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  • Economics

    Q3 GDP Tracking: 1% to 2% Range

    September 30, 2022 / 1 Comment

    From BofA: Overall, the data since our last weekly publication and our updated assumptions on trade boosted our 3Q US GDP tracking from 0.8% q/q… Q3 GDP Tracking: 1% to 2% Range

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    Bill McBride
  • Economics

    Realtor.com Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

    September 30, 2022 / 14 Comments

    Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi… Realtor.com Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

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    Bill McBride
  • Economics

    Personal Income increased 0.3% in August; Spending increased 0.4%

    September 30, 2022 / 8 Comments

    The BEA released the Personal Income and Outlays, August 2022 and Annual Update report: Personal income increased $71.6 billion (0.3 percent) in August, according to… Personal Income increased 0.3% in August; Spending increased 0.4%

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    Bill McBride
  • Economics

    Friday: Personal Income & Outlays, Chicago PMI

    September 29, 2022 / 13 Comments

    Friday:• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and… Friday: Personal Income & Outlays, Chicago PMI

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    Bill McBride
  • Economics

    Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

    September 29, 2022 / 40 Comments

    Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority: August 2022… Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

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    Bill McBride
  • Economics

    Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019

    September 29, 2022 / 27 Comments

    Note: The occupancy rate will increase next week due to Hurricane Ian.From CoStar: STR: US Weekly Hotel Occupancy Reaches 70%U.S. hotel performance increased from the… Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019

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    Bill McBride
  • Economics

    Inflation Adjusted House Prices Declined Further in July

    September 29, 2022 / 5 Comments

    Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices Declined Further in JulyExcerpt: It has been over 16 years since the bubble… Inflation Adjusted House Prices Declined Further in July

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    Bill McBride
  • Economics

    Weekly Initial Unemployment Claims decrease to 193,000

    September 29, 2022 / 7 Comments

    The DOL reported:In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous… Weekly Initial Unemployment Claims decrease to 193,000

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    Bill McBride
  • Economics

    Q2 GDP Growth Unrevised at minus 0.6% Annual Rate

    September 29, 2022 / 1 Comment

    From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual UpdateReal gross domestic product (GDP)… Q2 GDP Growth Unrevised at minus 0.6% Annual Rate

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    Bill McBride
  • Economics

    Thursday: Unemployment Claims, GDP

    September 28, 2022 / 10 Comments

    Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for an increase to 218 thousand from 213… Thursday: Unemployment Claims, GDP

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    Bill McBride
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