Friday, July 31, 2015

POSTED: Monday, June 22, 2015, 12:36 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:  May Existing Home Sales

KEY DATA: Sales: +5.1%; 1-Family: +5.6%; Median Prices: +7.9%; 1-Family: +8.6%

IN A NUTSHELL:  “The housing market has rebounded sharply and now looks to be a leading part of the spring economic acceleration.”

POSTED: Tuesday, June 16, 2015, 10:50 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:  May Housing Starts and Permits

KEY DATA:  Starts: -11.1%; 1-Family: -5.4%; Multi-Family: -20.2%/ Permits: +11.8%; 1-Family: +2.6%; Multi-Family: +24.1%

IN A NUTSHELL:  “Surging permit requests indicate that builders will be really busy this summer.”

POSTED: Monday, June 15, 2015, 12:07 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:  May Industrial Production and June Home Builders Index

KEY DATA:  IP: -0.2%; Manufacturing: -0.2%/ NAHB: 59 (up 5 points)

IN A NUTSHELL:  “Housing is up, manufacturing is down and the data remain all over the town.”

POSTED: Thursday, June 11, 2015, 4:21 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:  May Retail Sales, Import and Export Prices and Weekly Jobless Claims

KEY DATA:  Sales: +1.2%; Excluding Vehicles: +1%/ Import Prices: +1.3%; Nonfuel: 0%; Export Prices: +0.6%; Farm: -1%/ Claims: 279,000 (up 2,000)

IN A NUTSHELL:  “Consumers stepped up their spending sharply in May, adding to the belief that the economy has moved back into a solid growth trend.”

POSTED: Tuesday, June 9, 2015, 1:27 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:  Openings: +267,000; Hires: -81,000/ ETI: +0.4%/ NFIB Optimism: +1.4 points; Hiring: +4 points

IN A NUTSHELL:  “With openings at record highs, small businesses hiring and the labor market tightening further, the dam holding back wage gains is starting to crack.”

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.”

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.”

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.”

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
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