– by New Deal democrat For the past year, my view has been that the housing market is in recessionary territory, although that has not translated to the economy as a whole. As per usual, home sales lead house prices; and that trend continued with the Case Shiller and FHFA repeat sales house price indexes through […]
– by New Deal democrat Real retail sales, one of my favorite broad-economy indicators, was updated through November this morning, making only one month stale. This, along with real personal spending, is one of the two most important indicators which have been missing, as we know the jobs and real income have been stagnant, but […]
– by New Deal democrat Yesterday’s JOLTS report for November was not stale inasmuch as it was at best delayed by a week or two. But nevertheless, since it was for November it remains somewhat old news that can only help to confirm other data we have already received. Last month I concluded that the […]
If we are going to chase or discuss undocumented residents, we should at least know the numbers of them. The word immigrants includes US citizens and undocumented residents. Some more data: “How many immigrants are coming to the US?” USAFacts. A report from 2023. “Statistics on unauthorized US immigration and US border crossings by year,” […]
– by New Deal democrat Probably the most important economic news this entire week was this morning’s ISM services report. Services are about 75% of the economy, and this report was for November, which means it is the most wide-ranging and current datapoint we have at the moment. And the news on this front was almost […]
“Regional Fed manufacturing and services indexes for November show manufacturing rebound, continued rampant price pressures, and stagnant employment” – by New Deal democrat Although the federal government has resumed reporting economic data, it is spotty and woefully stale, from August and September. As a result, the two big sources for current data remain the regional Feds […]
– by New Deal democrat Note: there was a good advance manufacturers’ new orders report for September this morning. I’m going to save discussing it until Friday, when I dissect the regional Fed reports, which are now all in through November. Neither building permits and starts, nor new residential sales, were updated this morning, which means […]
An article by Lloyd Alter about the problematic construction of a tall building (NYC) that flexes and bends in the wind. The result of which are cracks in the in the exterior surface of the building which is also load bearing. Too costly for me to live there and I probably would not even if […]
Such a noble guy Donald Tru_p is. Where does the list start and end with what he has done? Does the word coward fit here somewhere? November 21, 2025 by Heather Cox Richardson Letters from an American Ukraine’s president Volodymyr Zelensky addressed the Ukrainian people today. The current moment, he said, is “one of the […]
– by New Deal democrat Although the government shutdown is over, most data points – including all having to do with housing – have not been updated, which means that alternate data sources, including the NAR’s existing home sales report, have temporarily become our best look at the housing market. As per my context all this […]