Economic Updates Archive

Latest New Home Sales (April 2015)

New home sales surged in April and they are selling quickly.  The only problem is we are not yet building enough to fully satisfy the demand. Specifically, new home sales rose 26 percent from one year ago in April...

Latest Consumer Price Inflation (April 2015)

There is no inflation.  The Federal Reserve can therefore relax and not hurry in raising rates.  However, housing costs continue to rise above the comfort level. Specifically, the Consumer Price Index declined 0.1 percent in April over the past...

Latest Housing Starts (April 2015)

New home construction is desperately needed to alleviate the on-going inventory shortage in much of the country.  Good news!  Housing starts rose decisively in April.  The growth in new home construction will further help expand employment in the construction...

Births and Housing Demand

The birth rate in America has been on a long-term decline as people are deciding to have fewer babies and at a later age.  The most recently available data shows the lowest birth rate in the U.S. modern history. ...

Latest Employment Report (April 2015)

Job gains were solid in April.  But the wage growth remains stuck and not matching up with the rises in rents and home prices.  Nonetheless, more jobs even with slow wage growth means continuing support for housing demand and...