More Mixed Signals from Housing – Starts Down, Sales Up

In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This … Continue reading

ADP Jobs Report is a Shocker, Seen as a Red Flag

On Wednesday, the country’s largest payroll processor, ADP, announced that private-sector employers hired 27,000 people in May. This number was a dramatic reversal from their report on April hiring, which said employers added a remarkable 271,000 people. Many economists and … Continue reading

Buyers Slammed the Door on Sales of New Single-Family Housing

The latest data from the Census Bureau shows that sales of new single-family housing in April dropped to a rate of 673,000 on a seasonally adjusted annual basis. This level is down a substantial 6.9% from the adjusted rate for … Continue reading

Conflicting Housing Data Shows Economic Zigs & Zags

Two different economic reports on the residential housing market show conflicting results. One report is on the latest data in housing starts…the other contains the latest results on new home sales. But these reports paint two very different pictures. Is … Continue reading

Despite End of Gov’t Shutdown, Consumer Confidence Drops in March

In the latest report on consumer confidence, The Conference Board’s Consumer Confidence Index showed a significant drop in overall confidence in the month of March. The Conference Board characterized this drop as “unexpected.” Economists are taking note of this result … Continue reading