Saturday, December 20, 2014

Archive: April, 2013

POSTED: Tuesday, April 30, 2013, 12:25 PM
Housing prices continue to rise sharply.

INDICATOR: February Case-Shiller Home Prices/1st Quarter Employment Costs

KEY DATA: Case-Shiller (20-City): 1.2%; Year-over-Year: 9.3%/Wages and Salaries (Year-over-Year): 1.6%

IN A NUTSHELL: "A sluggish economy may be holding back wage gains but it is not stopping the surge in housing prices."

Joel L. Naroff @ 12:25 PM  Permalink | 0 comments
POSTED: Monday, April 29, 2013, 11:51 AM
In this Thursday, March 28, 2013, photo, a woman works at an Abercrombie & Fitch store in Chicago. The government reports how much consumers spent and earned in March on Monday, April 29, 2013. (AP Photo/Nam Y. Huh)

INDICATOR: March Consumer Spending and Income

KEY DATA: Consumption: +0.2%; Disposable Income: +0.2%; Savings Rate: 2.7%

IN A NUTSHELL: "Sluggish wage and salary gains is leading to lower savings and that raises questions about the sustainability of consumer spending."

Joel L. Naroff @ 11:51 AM  Permalink | 0 comments
POSTED: Friday, April 26, 2013, 4:01 PM
The economy grew less than most expected in the early part of the year as the major restraints to growth, falling inventories and collapsing defense spending, eased only partially.

INDICATOR: First Quarter 2013 GDP

KEY DATA: GDP: +2.5%; Consumption: 3.2%; Federal Government: -8.4%

IN A NUTSHELL: "The economy didn't look like a super-ball as the bounce back from the end of year slump was nothing spectacular."

Joel L. Naroff @ 4:01 PM  Permalink | 0 comments
POSTED: Wednesday, April 24, 2013, 2:29 PM
FILE - This Feb. 11, 2013 file photo shows a Boeing 787 jet taxing following a test flight, at Boeing Field, in Seattle. The Boeing Co. reports quarterly financial results before the market opens on Wednesday, April 24, 2013.(AP Photo / Elaine Thompson, File)

INDICATOR: March Durable Goods Orders

KEY DATA: Durables: -5.7%; Civilian Aircraft: -48.2%; Business Investment: +0.2%

IN A NUTSHELL: "The Boeing boomerang may have crashed orders but there was little strength anywhere else."

Joel L. Naroff @ 2:29 PM  Permalink | 0 comments
POSTED: Tuesday, April 23, 2013, 2:02 PM
Mike and Ann Jeweson, both in the twenties, are taking advantage of low interest rates to make the four-bedroom home under construction behind them their first home. (Kyndell Harkness / Minneapolis Star Tribune / MCT)

INDICATOR: March New Home Sales/February Home Prices

KEY DATA: Sales: up 1.5%; Year-over-Year: up 18.5%/FHFA Prices: up 0.7%; Year-over-Year: 7.1%

IN A NUTSHELL: "The slow but steady rise in new home sales, coupled with increasing prices, bodes well for future construction activity."

Joel L. Naroff @ 2:02 PM  Permalink | 0 comments
POSTED: Monday, April 22, 2013, 11:12 PM
For-sale sign. BILL SIKES / Associated Press

INDICATOR: March Existing Home Sales

KEY DATA: Sales: down 0.6%; Year-over-Year: up 10.3%; Median Prices (Year-over-Year): up 11.8%

IN A NUTSHELL: “Home prices are soaring even as sales are stagnating.”

Joel L. Naroff @ 11:12 PM  Permalink | 0 comments
POSTED: Thursday, April 18, 2013, 7:23 PM
The Federal Reserve Bank of Philadelphia. (Joseph Kaczmarek / Associated Press)

INDICATOR: March Leading Indicators/April Philadelphia Fed Survey/Weekly Jobless Claims

KEY DATA: Leading Indicators: -0.1%/ Philly Fed: down 0.7 point/ Claims: 352,000 (up 4,000)

IN A NUTSHELL: "Growth is continuing but a spring slowdown looks to be in place."

Joel L. Naroff @ 7:23 PM  Permalink | 0 comments
POSTED: Tuesday, April 16, 2013, 11:55 AM
A construction worker carries a load of wood to a new home as they frame the house in Chester, Va. For the first time since June 2008, housing starts breached the one million units annualized pace. That is really good news as it points to strong construction activity, a key to stronger growth. (AP)

INDICATOR: March Housing Starts and Permits

KEY DATA: Starts: up 7%; 1-Family: -4.8%; Multi-Family: +31.1%; Permits: down 3.9%

IN A NUTSHELL: "Housing starts soared but the momentum may not be sustained as builders are taking out permits for new construction much more cautiously."

Joel L. Naroff @ 11:55 AM  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 at joel@naroffeconomics.com .

Joel Naroff
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