Tuesday, June 30, 2015

POSTED: Monday, June 29, 2015, 1:00 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 Pending Home Sales

KEY DATA:  Sales: +0.9%

IN A NUTSHELL:   “With households signing contracts to buy homes at a growing pace, we should see even better housing sales in the months ahead.”

Joel L. Naroff @ 1:00 PM  Permalink | 0 comments
POSTED: Thursday, June 25, 2015, 12:56 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 Spending and Income and Weekly Jobless Claims

KEY DATA:  Consumption: +0.9%; Income: +0.5%; Inflation: +0.3%; Excluding Food and Energy: +0.1%/ Claims: +3,000

IN A NUTSHELL:  “Consumers have the money to spend and they are doing just that.”

Joel L. Naroff @ 12:56 PM  Permalink | 0 comments
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.”

Joel L. Naroff @ 12:36 PM  Permalink | 0 comments
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.”

Joel L. Naroff @ 10:50 AM  Permalink | 0 comments
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.”

Joel L. Naroff @ 12:07 PM  Permalink | 0 comments
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.”

Joel L. Naroff @ 4:21 PM  Permalink | 0 comments
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.”

Joel L. Naroff @ 1:27 PM  Permalink | 0 comments
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
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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