Posts Tagged ‘ Economy ’
The commerce department released housing starts for February 2007 today, reporting that starts unexpectedly rebounded 9% from the previous month, after a 9 year low. Pouring a little cold water on the news, the Commerce department also reported that housing permits (a leading indicator to starts) were down 2.5% for February. Lets take at look [...][ READ MORE ]
Today at 10:00am ET, the National Association of Realtors will release September’s existing home sales numbers. Last month, I predicted a change of direction in housing sales based on a pattern we have noticed in the query “homes for sale.” While August sales continued to fall, the decrease was only .5% versus the 2.5% mean [...][ READ MORE ]
On Tuesday the National Retail Federation (NRF) released its forecast for holiday retail sales, expecting U.S. retail to increase by a very moderate 5% over the previous year. This article from CNN Money, makes the point that declining fuel prices will likely have little effect on this year’s holiday retail sales. I decided to revisit [...][ READ MORE ]
