Update: Looking for Stronger Economic Growth in 2014
Two weeks ago I wrote: Comment: Looking for Stronger Economic Growth in 2014 Fiscal austerity probably subtracted 1.5% to 2.0% from GDP growth in 2013,...
Author : Calculated Risk
Q3 2013 GDP Details: Residential Investment increases, Commercial Investment Very Low
The BEA released the underlying details for the Q3 advance GDP report Friday. The first graph is for Residential investment (RI) components as a percent...
October Employment Report: 204,000 Jobs, 7.3% Unemployment Rate
From the BLS: Total nonfarm payroll employment rose by 204,000 in October, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau...
Friday: Employment Report, Personal Income and Outlays, Consumer Sentiment
Last year I spoke to some builders who were concerned about a shortage of lots in prime areas. Here are two deals from Carolyn Said...
Lawler on Fannie and Freddie Results, REO Inventory Increases in Q3
From economist Tom Lawler: Fannie Q3 Highlights: GAAP Net Income $8.7 Billion; Dividend Payment to Treasury in December $8.6 Billion, Bringing Cumulative Payments to $113.9...
Thursday: Q3 GDP, Unemployment Claims, Q3 Mortgage Delinquency Survey
From Tim Duy: On Lowering the Unemployment Target. Professor Duy's conclusion: Policymakers would like to normalize policy by moving away from asset purchases to interest...
Fed’s Pianalto: Tight Mortgage Credit Holding Back Economy
A major reason why the economic recovery has been so slow and has required so much policy support has been the performance of the housing...
ISM Non-Manufacturing Index at 55.4 indicates faster expansion in October
The October ISM Non-manufacturing index was at 55.4%, up from 54.4% in September. The employment index increased in October to 56.2%, down from 52.7% in September. Note: Above 50 indicates...
Weekly Update: Housing Tracker Existing Home Inventory up 2.1% year-over-year on Nov 4th
Here is...nother weekly update on housing inventory ... for the third consecutive week, housing inventory is up year-over-year. This suggests inventory bottomed early this year. There is......
Fed Survey: Banks Eased Lending Standards, “little change in loan demand”
The October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans...