Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold … Continue reading

Housing Starts in Sharp Slide in September

As the economy continues to show more signs of a slowdown, we can’t help but notice increasing volatility in the month-to-month readings of various statistics. The latest government data on housing construction starts is a great example of this. After … Continue reading

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

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

Dec. Housing Starts Drop to Lowest Rate Since 2016

The U.S. Commerce Department released new data this week on housing starts for December 2018. Overall residential construction dropped to 1.08 million units on a seasonally adjusted annual rate or 11.2% lower than the November rate of 1.2 million units. … Continue reading