Economic & Housing Weekly Note Archive
Below you will find an archive of the Economic & Strategic Research Group's weekly snapshot of current macroeconomic and housing data.
November 1, 2024 Weekly Note
GDP Continues to Grow at Solid Pace, While October Labor Market Data Takes a Hit from Strikes and HurricanesNovember
GDP Continues to Grow at Solid Pace, While October Labor Market Data Takes a Hit from Strikes and Hurricanes
October
Existing Home Sales Remain Subdued, While New Sales Push Higher
Retail Sales Remain Strong in September as Single-Family Starts Continue to Rebound
Core CPI Remains Elevated but is Likely to Continue to Gradually Decelerate
September Labor Report Comes in Stronger-Than-Expected as Services Activity Also Jumps
September
Revisions to National Accounts Show Stronger Income Growth than Previously Thought, Helping to Explain Robust Consumption
Fed Cuts Interest Rates Amid Sluggish Existing Sales but a Rebound in Starts Activity
Inflation Data Continues to Cool as Small Businesses Report Lower Sales Outlooks
Labor Market Stabilizes in August as ISM Indices Continue to Signal Slowing Growth
August
Personal consumption revised upwards in Q2 as consumer spending remains strong, while home price growth appears to have slowed
New and Existing Home Sales Rise, While the Fed Minutes Suggest a Likely Rate Cut at September FOMC Meeting
Retail Sales Surprise to the Upside, While Inflation Continues to Slow Toward 2-Percent Target
Services Activity Expands Modestly in July, while Bank Lending Conditions Continue to Normalize
Unemployment Rate Rises and Wage Growth Slows
July
GDP Beats Expectations in the Second Quarter, While June Home Sales Decline
Control Group Retail Sales Show Surprising Strength as Single-Family Starts Continue to Slide
Inflation Eases Again in June as Labor Market and Broader Indicators of Growth Show Signs of Slowing
June
Consumption Growth Shows Signs of Slowing Despite Easing Inflation, as New and Pending Sales Decline in May
Retail Sales Signal Slowing Consumption as Existing Sales and Housing Starts Soften
May Inflation Data Shows Signs of Progress as Fed Holds Rates Steady
Employment Surveys Continue to Diverge; Manufacturing Activity Contracts but Services Expand
May
Pending Home Sales Pull Back Sharply as Economic Data Slows Amid Still-Sticky Inflation
Existing and New Home Sales Retreat in April as Interest Rates Weigh on Demand
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in April
ISM Services Index Slumps as Credit Conditions Tighten
Employment Growth Slows as Labor Market Normalizes after Hot Q1
April
GDP Details Continue to Signal a Strong Economy as New and Pending Home Sales Rise
Home Sales and Starts Pull Back in March, While Economic Data Continue to Support Near-Term Growth
Hot Inflation Data Likely to Delay Rate Cuts, Put Upward Pressure on Mortgage Rates
Payroll Growth Continues to Beat Expectations, While Manufacturing Activity Ends 18-Month Slump
March
GDI Surges to End 2023, but Q1 Indicators Continue to Point to Slowing Growth
Existing Home Sales and New Construction Jump in February
Core Retail Sales Growth Remains Soft, and Inflation Reports Push Bond Market Expectations Closer to Fed Rate Cut Guidance
Payroll Employment Remains Strong While Other Indicators Point to Softening
January Consumption Contracts, While Pending Sales Retreat from Higher Mortgage Rates
February
Existing Sales Rise in January as Mortgage Rates Eased
Single-Family Construction is Lone Bright Spot as Inflation Comes in Hot and Retail Sales Slide
Services Activity Improves, Though Business and Consumer Lending Remain Soft
Fed Remains Patient on Future Rate Cuts as Job Gains Pop
January
Economic Growth Beat Expectations to End 2023; Home Sales Poised to Trend Upward
Retail Sales Point to Resilient Consumers, while Existing Home Sales Fall Again to End 2023
CPI Comes in Warm but Remains on Path to 2-Percent Target as Broader Economic Activity Slows
Employment Gains Remain Strong Despite Continued Contraction in Manufacturing Activity