2019-07-27 21:36
If you’ve been keeping up on economic news lately, both the global and U.S. domestic economies are in an odd place. Not too long ago, a combination of lower job gains, declining busine… Read More
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2019-07-27 21:36
As a native Californian, I can tell you that The Golden State can be a great place to live if you enjoy three critical factors: Affordable housing, a reasonable commute and, for those who re… Read More
2019-05-07 17:56
It seems that nearly every day now, we read another headline about new high temperature records being broken throughout the world. Fortunately, like much of the private sector, the bui… Read More
2019-03-18 20:58
You’ve probably heard something recently about Opportunity Zones (or o-zones), which were established by the Tax Cuts and Jobs Act of 2017 to employ tax incentives for long-term invest… Read More
2019-03-18 20:54
If there is one thing that building industry pros are good at, it is adjusting to the ebbs and flows of the cyclical nature of the housing market. Due to a combination of rising home prices… Read More
2019-01-15 21:08
Lead, Follow, or Get out of the Way -- Author UnknownIs it time to finally bid goodbye to the traditional method of selling homes along with its standard, six-percent commission?After many y… Read More
2018-12-13 07:02
For most of this year, we saw the steady global expansion underway since mid-2016 continuing, with growth during the 2018-19 period projected to remain at its 2017 levels.That’s the go… Read More
2018-12-02 00:22
The IHS Markit Flash U.S. Composite PMI Output Index registered 54.4 in November, down from54.9 in October but still well above the 50.0 no-change threshold.READ MOREwww.metrointel.com Read More
2018-12-02 00:20
The US Leading Economic Index (LEI) increased slightly in October, but the pace of improvement slowed for the first time since May. Although the index still points to robust economic growth… Read More
2018-12-02 00:16
The Market Composite Index increased 5.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 9.0 percent and refinance activity up 1.0 percent. The average c… Read More
2018-12-02 00:15
Sales of new single-family houses in October 2018 fell 8.9 percent from September and 12.0 percent year-on-year to the lowest rate in nearly three years, or an annualized rate of 544,000 uni… Read More
2018-12-02 00:13
The Fed-preferred October PCE price index increased 0.2 percent from September, and 2.0 percent year-on-year. Excluding food and energy, the PCE price index increased 0.1 percent from Septem… Read More
2018-12-02 00:12
Both personal and disposable income rose 0.5 percent in October, versus a rise of 0.6 percent for personal spending, resulting in the personal savings rate slipping to 6.2 percent.READ MOREw… Read More
2018-12-02 00:10
The Pending Home Sales Index decreased 2.6 percent to 102.1 in October, down from 104.8 in September. Year-over-year contract signings dropped 6.7 percent, making this the tenth straig… Read More
2018-11-15 19:26
The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased in October, falling 2.0 points to 85.7, continuing its recent downward trend. The decline can be attributed to decreases in… Read More
2018-11-15 19:25
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in October, the largest increase in nine months. Over the last 12 months, the all-items index rose 2.5 pe… Read More
2018-11-15 19:22
Retail sales rebounded sharply in October, following two months of small declines. Advance estimates of U.S. retail and food services sales for October 2018 were $511.5 billion, an inc… Read More
2018-11-15 19:21
The Market Composite Index decreased 4.0 percent on a seasonally adjusted basis from one week earlier to the lowest level since December 2014, with purchase loans falling 5.0 percent and ref… Read More
2018-11-13 03:47
According to CoreLogic, national home prices increased 5.6 percent year over year in September 2018, and are forecast to increase 4.7 percent from September 2018 to September 2019. The Septe… Read More
2018-11-13 03:44
The Producer Price Index for final demand rose 0.6 percent in October, a sharp increase from September (0.2 percent) and August (0.1 percent).On an unadjusted basis, the final demand index i… Read More
2018-11-10 19:56
About this same time a year ago, I wrote about an economy which was gradually building enough strength to spark inflation, thus impacting costs for suitable land, labor and materials. … Read More
2018-11-10 19:30
The number of job openings decreased 3.9 percent to 7.0 million on the last business day of September. Over the month, hires fell 2.7 percent to 5.7 million, and separations fell 1.9 percent… Read More
2018-11-10 19:29
The Market Composite Index decreased 4.0 percent on a seasonally adjusted basis from one week earlier, to the lowest level since December 2014, with purchase loans down 5.0 percent and refin… Read More
2018-11-10 19:27
Information received since the Federal Open Market Committee met in September indicates that the labor market has continued to strengthen and that economic activity has been rising at a stro… Read More
2018-11-05 16:19
Nonfarm business sector labor productivity increased 2.2 percent during the third quarter of 2018, as output increased 4.1 percent and hours worked increased 1.8 percent. From the third quar… Read More
2018-11-02 17:37
October nonfarm payroll employment rose by 250,000 -- far higher than estimates -- and the unemployment rate was unchanged at 3.7 percent. Wage gains also grew at their highest level since… Read More
2018-11-02 01:06
The Market Composite Index decreased 2.5 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 2.0 percent and refinance activity down 4.0 percent. The av… Read More
2018-11-02 01:04
Private-sector employment increased by 227,000 in October, on a seasonally adjusted basis. This growth rate compares with 218,000 in September and 161,000 in October of 2017.READ MOREw… Read More
2018-11-02 01:00
U.S.-based employers announced plans to cut 75,644 jobs from their payrolls in October, up 36.8 percent from September and 153.6 percent higher year-on-year, although 58.2 percent of these c… Read More
2018-11-02 00:52
Construction spending was flat in September following an upwardly revised 0.8 percent jump in August (up from 0.1 percent). Construction spending increased 7.2 percent on a year-on-year basi… Read More
2018-09-20 20:07
Mortgage applications for new home purchases decreased 4.6 percent compared to August 2017. Compared to July 2018, applications decreased by two percent.READ MOREwww.metrointel.com Read More
2018-09-20 20:06
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.4 percent in August to 111.2 (2016 = 100), following a 0.7 percent increase in July, and a 0.5 percent increas… Read More
2018-09-20 20:05
Existing-home sales remained steady in August at 5.34 million units per year after four straight months of decline. Sales were still down 1.5 percent year-on-year.READ MOREwww.metroint… Read More
2018-09-20 20:04
Bloomberg: Consumer comfort advanced last week to a fresh 17-year high of 60.2 on brighter views of the economy. In addition, the gauge tracking views of economy also rose to a new a 1… Read More
2018-09-19 19:24
MetroIntelligence is pleased to be a sponsor for the 2018 Inland Empire Economic Forecast taking place on Thursday, October 11th in Riverside, CA.Click here to register: https://l… Read More
2018-09-19 19:08
Builder confidence remained steady at 67 in September on the NAHB's Housing Market Index. Current sales conditions rose one point to 74, six-month expectations increased two points to 74, an… Read More
2018-09-19 19:06
Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent below the revised July rate of 1,303,000 an… Read More
2018-09-19 19:02
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,282,000. This is 9.2 percent above the revised July estimate of 1,174,000 and is 9.4 percent above the… Read More
2018-09-17 19:37
July business inventories increased 0.6 percent after edging up 0.1 percent in June and boosted by a strong increase in the stock of motor vehicles. Year-on-year inventories rose 4.3 p… Read More
2018-09-17 19:36
Industrial production rose 0.4 percent in August for its third consecutive monthly increase. Manufacturing output moved up 0.2 percent on the strength of a 4.0 percent rise for motor vehicle… Read More
2018-09-17 19:34
Consumer sentiment rose strongly in an early September read to 100.8, the second-highest level since 2004, and only behind the March 2018 reading of 101.4. These gains were also widespread a… Read More
2018-09-17 19:32
Retail sales edged up 0.1 percent in August, the smallest rise since February. Still, data for July was revised higher to show sales rising 0.7 percent instead of the previously… Read More
2018-09-12 22:32
It wasn’t too long ago when the typical master-planned community was mostly a collection of separate subdivisions selling under a shared branded location, with some homes wrapped aroun… Read More
2018-09-12 18:58
Firms' inflation expectations were virtually unchanged at 2.2 percent over the year ahead during the September survey. Sales levels compared to "normal times" declined somewhat over th… Read More
2018-09-12 18:33
Total consumer credit rose in July to a seasonally adjusted $3.91 trillion, for an annual growth rate of 5.1 percent. Revolving credit, such as credit cards, rose only 1.5 percent per annum… Read More
2018-09-12 18:32
The NFIB Small Business Optimism Index soared to 108.8 in August, a new record in the survey's 45-year history, topping the July 1983 highwater mark of 108. The record-breaking figure is dri… Read More
2018-09-12 18:29
More workers quit their jobs in July since January 2001, rising to 3.6 million, or 2.4 percent of the nonfarm workforce. The number of positions waiting to be filled rose to 6.94 million, or… Read More
2018-09-12 18:21
The Producer Price Index for final demand, seasonally adjusted, declined 0.1 percent in August after no change in July. On an unadjusted basis, the final demand index rose 2.8 percent… Read More
2018-08-31 21:25
The MNI Chicago Business Barometer slipped to a three-month low of 63.6 in August, down 1.9 points from July's 65.5. A softening in Supplier Deliveries, Order Backlogs and Employment o… Read More
2018-08-31 21:24
Although there was a small uptick in late August, consumer sentiment remained at its lowest level since January. Most of the August decline was in the Current Economic Conditions Index, whic… Read More
2018-08-28 01:01
Led by slower growth in production-related indicators, the Chicago Fed National Activity Index (CFNAI) declined to +0.13 in July from +0.48 in June. The index's three-month moving average, C… Read More
2018-08-23 17:09
According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2018 commercial and multifamily mortgage loan o… Read More
2018-08-23 17:07
The Market Composite Index increased 4.2 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 3.0 percent and refinance activity up 6.0 percent. The… Read More
2018-08-23 17:04
U.S. central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households.READ MORE… Read More
2018-08-23 17:02
U.S. house prices rose 1.1 percent in the second quarter of 2018 and 6.5 percent from the second quarter of 2017 to the second quarter of 2018. FHFA's seasonally adjusted monthly index for J… Read More
2018-08-23 17:00
Sales of new single-family houses in July 2018 were at a seasonally adjusted annual rate of 627,000, the lowest rate in nine months. This is 1.7 percent below the revised June rate of 638,00… Read More
2018-08-18 22:22
Online retail sales grew 3.7 faster than overall retail sales for the year ending in 2Q 2018. During the previous year, online retail sales rose by 15.5 percent versus 4.2 percent for all… Read More
2018-08-18 22:18
Consumer sentiment slipped to its lowest level since last September, with the decline concentrated among households in the bottom third of the income distribution. The dominating weakness re… Read More
2018-08-18 22:15
The U.S. LEI increased in July, suggesting the US economy will continue expanding at a solid pace for the remainder of this year. The strengths among the components of the leading inde… Read More
2018-08-18 22:12
In the week ending August 11, initial unemployment claims were 212,000, a decrease of 2,000 from the previous week's revised level. The 4-week moving average was 215,500, an increase of 1,00… Read More
2018-08-18 22:10
Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. At 108.0 percent of its 2012 average, total industrial produc… Read More
2018-08-18 22:09
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,168,000. This is 0.9 percent above the revised June estimate of 1,158,000, but is 1.4 percent below the… Read More
2018-08-18 22:08
Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent above the revised June rate of 1,292,000 and… Read More
2018-08-15 19:01
The Market Composite Index decreased 2.0 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 30 percent and refinance activity remaining flat. The average… Read More
2018-08-15 18:18
Firms' inflation expectations went unchanged at 2.1 percent over the year ahead. Current economic environment: Sales levels remain "about normal," on average. Profit margins improved somewha… Read More
2018-08-15 18:16
U.S. retail sales rose a healthy 0.5% in July, although June's sales were reduced from a 0.5% to a 0.2% gain. Retail sales rose 0.6% minus gas stations and auto dealers. Over the last… Read More
2018-08-15 18:15
Nonfarm business sector labor productivity increased 2.9 percent during the second quarter of 2018, as output increased 4.8 percent and hours worked increased 1.9 percent. From the second qu… Read More
2018-08-15 18:14
Builder confidence in the market for newly-built single-family homes edged down one point to a solid 67 reading in August on the National Association of Home Builders/Wells Fargo Housing Mar… Read More
2018-08-14 17:27
Total household debt increased by $82 billion (0.6%) to $13.29 trillion in the second quarter of 2018. It was the 16th consecutive quarter with an increase, and the total is now $618 billion… Read More
2018-08-14 17:12
The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108. The July 201… Read More
2018-08-11 00:28
It was certainly good news to hear that the initial estimate for GDP growth of 4.1 percent in the second quarter of 2018 was the fastest since the third quarter of 2014. This recent rate of… Read More
2018-08-10 21:47
The July CPI rose 2.9% year-on-year, largely due to energy (+12.1%), transport (+4.0%) and shelter (+3.5%). The 'core' index rose 2.4% year-on-year, for the highest increase in nearly… Read More
2018-08-10 06:04
In the week ending August 4, initial unemployment claims were 213,000, a decrease of 6,000 from the previous week's revised level. The 4-week moving average was 214,250, a decrease of 500 fr… Read More
2018-08-10 05:54
The Market Composite Index decreased 3.0 percent on a seasonally adjusted basis from one week earlier to its lowest level since January 2016, with purchase loans falling 2.0 percent and refi… Read More
2018-08-10 05:52
U.S. consumer sentiment advanced to a 17-year high of 59.3, elevated by rosier views of the economy and personal finances. This is the highest level noted since February 2001.READ MORE… Read More
2018-08-10 04:32
June 2018 sales of merchant wholesalers were down 0.1 percent from May but up 10.2 percent year-on-year. Inventories were up 0.1 percent from May and 5.1 percent year-on-year.READ MOREwww.me… Read More
2018-08-10 04:28
The Producer Price Index for final demand was unchanged in July, seasonally adjusted, and rose 3.3 percent year-on-year. The index for final demand less foods, energy, and trade services mov… Read More
2018-08-10 04:27
July mortgage applications for new home purchases increased 0.2 percent from June and 3.6 percent year-on-year. MBA estimates new single-family home sales were running at a season… Read More
2018-08-08 18:28
Although overall job openings were nearly flat between the final days of May and June (rising by 0.5 percent to 6.7 million), hires fell 1.67 percent while separations rose 1.53 percent. Wit… Read More
2018-08-08 18:27
Consumer borrowing slowed in June after hitting a six-month high in the prior month, but still rose at an annual rate of 3.1 percent. Revolving credit, including credit cards, declined… Read More
2018-08-07 19:19
The Conference Board Employment Trends Index™ (ETI) increased in July, after increasing in June. The index now stands at 109.89, up from 108.72 in June. The change represents a 5.4 per… Read More
2018-08-07 19:15
CoregLogic: June home prices increased nationally by 0.7 percent from May and 6.8 percent year over year. Looking ahead, the CoreLogic HPI Forecast indicates that the national home-pri… Read More
2018-08-04 20:07
The NMI® registered 55.7 percent in July, which is 3.4 percentage points lower than the June reading of 59.1 percent. There has been a ‘cooling off’ in growth for the non-man… Read More
2018-08-04 20:00
The nation’s international trade deficit in goods and services increased to $46.3 billion in June from $43.2 billion in May, as exports decreased and imports increased.READ MOREwww.met… Read More
2018-08-04 19:37
Online advertised vacancies increased by 170,800 to 4,651,500 in July, nearly erasing the loss of 171,633 noted for June. In July of 2017, the number of online job vacancies declined by 146… Read More
2018-08-04 19:30
Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent. This growth rate compares with 248,000 in June and 190,000 in July of 201… Read More
2018-08-02 20:15
In the week ending July 28, initial unemployment claims were 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. The 4-week moving average was 214,500, a decre… Read More
2018-08-02 20:14
Bloomberg: The weekly Consumer Comfort Index eased to 58.6 from a 17-year high 59 in previous week as the gender gap widened to 18.6 points in favor of men, up from 16.5 points in prior week… Read More
2018-08-02 20:12
New orders for U.S.-made goods rose for a second straight month in June and were up by 0.7 percent, but business spending plans on equipment slipped from initial estimates, suggesting a furt… Read More
2018-08-02 20:11
U.S.-based employers announced plans to cut 27,122 workers from payrolls during July, down both 27.1 percent from June and 4.2 percent year-on-year. Although July's total was the lowes… Read More
2018-08-01 22:22
The July PMI® registered 58.1 percent, a decrease of 2.1 percentage points from the June reading of 60.2 percent. Production and employment continues to expand in spite of labor and mat… Read More
2018-08-01 22:03
The Market Composite Index decreased 2.6 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 3.0 percent and refinances down 2.0 percent. The aver… Read More
2018-08-01 21:57
As expected, the Fed opted to keep interest rates unchanged for now, but warns of future rate hikes to come in 2018, perhaps as soon as September.READ MOREwww.metrointel.com Read More
2018-08-01 21:46
The MNI Chicago Business Barometer rose to a six-month high of 65.5 in July, up 1.4 points from 64.1 in June, with the prices paid index rising to a 10-year high.READ MOREwww.metrointel.com Read More
2018-08-01 21:44
The Global Investor Confidence Index increased to 101.8 in July, up 1.0 point from June's revised reading of 100.8. It is possible that the prospects of escalating trade protectionism… Read More
2018-08-01 21:27
Consumer confidence gained marginal ground by rising 0.3 points in July, after a modest decline in June. Consumers' assessment of present-day conditions improved, suggesting that economic gr… Read More
2018-08-01 21:23
In June, personal income, disposable personal income and personal consumption expenditures all increased 0.4 percent. The personal savings rate was unchanged from May at 6.8 percent.READ MOR… Read More
2018-08-01 21:21
Compensation costs for civilian workers increased 0.6 percent, seasonally adjusted, for the 3-month period ending in June 2018. Wages and salaries increased 0.5 percent and benefit costs inc… Read More
2018-08-01 21:20
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.4% annual gain in May, remaining the same as in the previous mont… Read More
2018-08-01 21:18
In June, the PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent. Year-on-year, the PCE price Index rose 2.2 percent. Excluding… Read More
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