All Posts Tagged: housing market

U.S. Outlook: Retail sales shine in robust holiday shopping season

Scott Anderson
Chief Economist

December retail sales came in at a robust pace, and November sales were revised higher, cementing a decent increase in real consumer spending for the fourth quarter.

A woman looking at her phone, while shoppingFrom a year ago, December retail sales increased 5.4%.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 12.

Key observations:

  • Over the past three months, retail sales have increased at an accelerated 11.3% annualized pace.
  • We are revising our Q4 real GDP estimate up to a 2.7% annualized pace.
  • Building material and furniture store sales were almost 10% above year-ago levels, largely due to hurricane rebuilding and a robust housing market.
  • The increase in core consumer inflation helped lift the year-on-year increase in core CPI to 1.8% from 1.7%. These are marginally better numbers on consumer inflation, but are they as strong as the FOMC would like to see at this stage of the economic cycle?

Read my full report.

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U.S. Outlook: Setting up for a better second half

Scott Anderson
Chief Economist
Graph showing consistent rise in median CPI since 2008.

As the U.S. economy nears the end of the first half, what does the second half of the year hold for team USA?

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In the Market: Picking homes, picking agents

Nneka Madus
Posted by Nneka Madus
Mortgage Market Analyst
Well-dress man and woman, both holding phones, scouting a neighborhood for a home.

It is one thing envisioning your dream home, but actually making an offer on one is a different ball game!

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U.S. Outlook: Should we worry about the consumer?

Scott Anderson
Chief Economist
Graph showing up-and-down trends of retail sales over the past several years.

Despite weakness in January and February data, retail sales are still up a healthy 3.1% from a year ago.

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U.S. Outlook: The housing sector still on solid ground

Scott Anderson
Chief Economist
Graph showing recent upward trend in existing home sales.

Despite a disappointing new home sales report for January, the U.S. housing market is poised for continued gains in the months ahead.

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