Economic Updates Archive

2014 4th Quarter GDP

The U.S. economy grew in the final quarter of 2014, but at a slower pace.  A sizable reduction in national defense spending and weakening exports from the rising dollar were key reasons for the slower expansion.  Despite hitting the...

Pent-Up Sellers?

For how long can people not move?  Historically home sellers lived in their homes for 6 or 7 years before deciding to put it for sale and make the next move.  That was not the case in 2014.  A...

Case-Shiller Home Price index

Today, Case Shiller released their housing price index data for November which showed that house prices rose 4.2 percent from November one year ago for the 10-city composite, 4.3 percent for the 20-city composite, and 4.7 percent for the...

Shrinking Inventory

The total inventory of homes available for sale fell in December for the first time in 16 months.  The decline was very modest of less than 1 percent from the comparable month the year before.  Nonetheless, it represents a...

FHFA Price Indicator

Today, FHFA released their housing price index data for November which showed that house prices rose 0.8 percent from October on a seasonally adjusted basis. That rate of growth is the highest one-month growth rate reported by FHFA since...