Musing About Economics, Computers and Technology

Home of the most asinine posters on the internet

Category: Economics (page 1 of 53)

Monday: Home Builder Survey, NY Fed Mfg

Weekend:• Schedule for Week of December 15, 2019• Mortgage Equity Withdrawal Positive in Q3Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 4.0, up from 2.9.• At 10:00 AM, The December NAHB homebuilder survey. The consensus is…

Monday: Home Builder Survey, NY Fed Mfg

Mortgage Equity Withdrawal Positive in Q3

Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008.The following data is calculated from the Fed’s Flow of Funds data (released last week) and the BEA supplement data on single family structure investment. This…

Mortgage Equity Withdrawal Positive in Q3

Schedule for Week of December 15, 2019

The key economic reports this week are November Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys, will be released this week.—– Monday, Dec 16th —–8:30 AM:…

Schedule for Week of December 15, 2019

Hotels: Occupancy Rate Decreased Slightly Year-over-year

From HotelNewsNow.com: STR: US hotel results for week ending 7 DecemberThe U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of 1-7 December 2019, according to data from STR.In comparison with the week of 2-8 December 2018, the industry recorded the following:•…

Hotels: Occupancy Rate Decreased Slightly Year-over-year

Q4 GDP Forecasts: 0.7% to 2.0%

From Merrill Lynch The retail sales data nudged 3Q and 4Q GDP tracking a tenth lower to 2.1% and 1.5% qoq saar. [Dec 13 estimate]emphasis addedFrom the NY Fed Nowcasting ReportThe New York Fed Staff Nowcast stands at 0.7% for 2019:Q4 and 0.8% for 2020:Q1. [Dec 13 estimate]And from the…

Q4 GDP Forecasts: 0.7% to 2.0%

Retail Sales increased 0.2% in November

On a monthly basis, retail sales increased 0.3 percent from October to November (seasonally adjusted), and sales were up 3.3 percent from November 2018.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for November 2019, adjusted for seasonal variation and holiday and trading-day differences, but not…

Retail Sales increased 0.2% in November

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

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 November

Fed’s Flow of Funds: Household Net Worth Increased in Q3

The Federal Reserve released the Q3 2019 Flow of Funds report today: Flow of Funds. The net worth of households and nonprofits rose to $113.8 trillion during the third quarter of 2019. The value of directly and indirectly held corporate equities decreased $0.3 trillion and the value of real estate…

Fed’s Flow of Funds: Household Net Worth Increased in Q3

CoreLogic: 2 Million Homes with Negative Equity in Q3 2019

From CoreLogic: CoreLogic Reports 78,000 Single-Family Properties Regained Equity in the Third Quarter of 2019CoreLogic® … today released the Home Equity Report for the third quarter of 2019. The report shows that U.S. homeowners with mortgages (which account for roughly 64% of all properties) have seen their equity increase by…

CoreLogic: 2 Million Homes with Negative Equity in Q3 2019

Weekly Initial Unemployment Claims increased sharply to 252,000

The DOL reported:In the week ending December 7, the advance figure for seasonally adjusted initial claims was 252,000, an increase of 49,000 from the previous week’s unrevised level of 203,000. This is the highest level for initial claims since September 30, 2017 when it was 257,000. The 4-week moving average…

Weekly Initial Unemployment Claims increased sharply to 252,000

Older posts