Thursday, May 28, 2015

POSTED: Tuesday, May 26, 2015, 5:25 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  April New Home Sales and March Housing Prices

KEY DATA:  Sales: +6.8%; Median Prices: +8.3%/ Case-Shiller National Prices (Year-over-Year): +4.1%/ FHFA Home Prices (Year-over-Year): +5.2%

IN A NUTSHELL:  “Housing market demand is continuing to improve and a lack of supply is helping drive up prices.”

Joel L. Naroff @ 5:25 PM  Permalink | 0 comments
POSTED: Friday, May 22, 2015, 11:35 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  April Consumer Prices and Real Earnings

KEY DATA:  CPI: +0.1%; Excluding Food and Energy: +0.3%/ Real Earnings: 0.0%; Year-over-Year: +2.3%

IN A NUTSHELL:  “The only downward price pressures were in food and energy and gasoline prices have already turned, so all that is left is food.”

Joel L. Naroff @ 11:35 AM  Permalink | 0 comments
POSTED: Tuesday, May 19, 2015, 3:15 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  April Housing Starts and Permits

KEY DATA:  Starts: +20.2%; 1-Family: +16.7%; Permits: +10.1%; 1-Family: +3.7%

IN A NUTSHELL:  “The strange pattern of the housing data continues, but it really is looking as if the problems in the sector were largely weather-related.”

Joel L. Naroff @ 3:15 PM  Permalink | 0 comments
POSTED: Friday, May 8, 2015, 1:55 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  April Employment Report

KEY DATA:  Payrolls: +223,000; Revisions: -39,000; Unemployment Rate: 5.4% (down 0.1 percentage point); hourly wages: +0.1%

IN A NUTSHELL:  “Not too strong is not strong enough.”

Joel L. Naroff @ 1:55 PM  Permalink | 0 comments
POSTED: Friday, May 1, 2015, 1:12 PM

INDICATOR: April Supply Managers’ Manufacturing Index, April Consumer Confidence and March Construction

KEY DATA: ISM: no change; Orders: +1.7 points; Employment: -1.7 points/ Confidence: +2.9 points; Construction: -0.6%

IN A NUTSHELL: “Consumers may be smiling more but they are not making manufacturers happy.”

Joel L. Naroff @ 1:12 PM  Permalink | 0 comments
POSTED: Tuesday, April 28, 2015, 1:39 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:   April Consumer Confidence and February Home Prices

KEY DATA:   Confidence: down 6.2 points/ National Home Prices (Monthly): +0.4%; Year-over-Year: +4.2%

IN A NUTSHELL:  “Consumer confidence faltered, but one good employment report could turn those frowns upside down.”

Joel L. Naroff @ 1:39 PM  Permalink | 0 comments
POSTED: Thursday, April 23, 2015, 11:28 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March New Home Sales and Weekly Jobless Claims

KEY DATA:  Sales: -11.4%; Prices (Year-over-Year): -1.7%/ Claims: up 1,000

IN A NUTSHELL:  “I guess few people could visit the construction sites earlier in the year, which may explain why new home sales tanked in March.”

Joel L. Naroff @ 11:28 AM  Permalink | 0 comments
POSTED: Wednesday, April 22, 2015, 12:17 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Existing Home Sales and February FHFA Housing Prices

KEY DATA:  Home Sales: +6.1%; Median Prices (Year-over-Year): +7.8%; FHFA Prices (Monthly): +0.7%; FHFA Prices (Year-over-Year): 5.4%

IN A NUTSHELL:  “Spring has sprung and so have home sales and prices, further indications that the economic slowdown was largely weather driven.”

Joel L. Naroff @ 12:17 PM  Permalink | 0 comments
About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel L. at joel@naroffeconomics.com .

Joel L. Naroff