United States Tag

US House Prices At 7-Year Highs

07 Apr, by Knowledge Leaders Team in News

Corelogic’s home price index came out this morning and showed that home prices across the board, including and excluding distressed sales, are at a 7-year high in the US. Single-family combined homes including distressed sales rose by 1.12% MoM in March. Excluding distressed sales, it...

Construction Spending: What The US Spends Money Building

01 Apr, by Knowledge Leaders Team in News

The latest (February) construction spending report was released by the Census Bureau today. This report provides a ”monthly estimate of total dollar value construction done in the US” for both new structures and improvements to existing structures. It also covers both public and private projects....

$20 Billion Jump In Margin Debt In February

30 Mar, by Knowledge Leaders Team in Economy

NYSE margin debt increased by $20 billion in February. The one-month change is the largest change in 8 months. Margin debt is at the second highest level of all time and it currently stands just $787 million below the all-time high set in February 2014. ...

Assets At US Fed Are (Finally) Declining

23 Mar, by Knowledge Leaders Team in Economy

Throughout QE3, one of our favorite charts to look at was the three-month change in total fed assets. You could overlay this series with bonds or stocks or other economic indicators and find some interesting relationship....

No, Lumber Liquidators Isn’t To Blame For Weak Lumber Prices

17 Mar, by Knowledge Leaders Team in News

February housing starts were released this morning and they were pretty terrible. Expectations were for starts to come in around 1.048 million. Instead, housing starts came in at a paltry 897K. Housing starts are now at the level as they were in January 2013....

US CPI Makes The Rare Plunge Into Negative Territory

26 Feb, by Knowledge Leaders Team in Economy

While we recognize that the negative year-over-year change in the US CPI may soon reverse given gas prices have risen by nearly 30 cents, we wanted to highlight how rare a negative year-over-year print is in the US....

The Pop In US Mortgage Apps Was Fun While It Lasted

25 Feb, by Knowledge Leaders Team in Economy

After starting the year off with a bang (thanks to refinancing activity), US mortgage applications are tumbling back towards the depressed 2014 levels. Mortgage apps fell for the third straight week even as the purchase index rose for the first time in seven weeks....

US Existing Home Sales Drop To 9-Month Low

23 Feb, by Knowledge Leaders Team in News

US existing home sales fell by 4.9% in January to 4.82 million. This is the lowest level since April of last year. The western region remains by far the weakest region while the south remains the strongest. Months supply remained relatively steady at 4.7 months...

A Few Signs Are Pointing To A Lower US Savings Rate In 2015

06 Feb, by Knowledge Leaders Team in Economy

Since the depths of the financial crisis, the rebound in consumer credit has been polarized. On the one hand you have non-revolving consumer credit (i.e. car loans, student loans, etc.), which briefly declined on a year-over-year basis in 2009 and early 2010 before violently rebounding...

Americans Are Driving The Most Since 2008

02 Feb, by Knowledge Leaders Team in News

The latest data (November) out of the US Department of Transportation for miles driven on US roads shows that more miles were driven on an annualized basis in November than in any month since July 2008....