Author Archive

Latest New Home Sales (February 2015)

Contracts to buy a newly constructed home soared in February, portending a solid demand going into the spring home buying season. One reason is due to builders bringing less-expensive homes onto the market. Diving into the numbers, new home...

State and Metro Employment in January 2015

A job is virtually guaranteed in Midland (Texas), Lincoln (Nebraska), and Ames (Iowa), where the unemployment rate is under 3 percent. The unemployment rate can be misleading about the health of the local economy at times.  If, for example,...

Latest Housing Starts (February 2015)

Housing starts tumbled in February.  The snowy weather was the reason since the declines were much deeper in the Northeast and the Midwest regions compared to the South and the West regions where the cold weather was less of...

Irish Home Price Trend and the U.S. Forecast

Irish home prices rose at 16 percent in 2014.  That gain was the best in the world.  Ireland had experienced a big bubble and burst, but the climb since then has been consistently one of the best.   It is...

Latest Producer Price Index

The prices of things that companies pay to make products are falling.  This is an early indicator that consumer prices are likely to be well-contained and thereby delay interest rate hike by the Federal Reserve.  But the prices on...