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.
May 25, 2023 Weekly Note
Economic Data Sends Mixed Signals as New Home Sales Remain ResilientMay
Economic Data Sends Mixed Signals as New Home Sales Remain Resilient
Economy Picks Up Modestly in April, While New Home Market Continues to Benefit from Low Inventory of Existing Homes
Core Inflation Remains High but Shows Signs of Easing Soon While Indicators of Business Investment Look Weak
Fed Suggests Pause in Rate Hikes, While Employment and Economic Activity Remain Broadly Resilient
April
GDP Growth Slows Amid Inventory Pullback, While New Home Sales Continue to Surprise to the Upside
Existing Home Sales Decline Modestly in March, while Single-Family Starts Rise
Inflation Cools as Economic Activity Slows at the End of Q1
Employment Growth Remains Healthy Despite Headwinds from Manufacturing and Residential Construction Sectors
March
Consumption Growth Still on Track for Strong Q1 as Pending Sales Surprise to the Upside
Jump in Existing Home Sales Expected to Be Temporary with New Sales Comparatively Outperforming
Data Show Strong Consumer Spending and Inflationary Pressures Persisting
Labor Market Strength Continues as Additional Data Suggests 2023 Started on a Stronger Footing than Previously Expected
Services Activity Continues to Outperform Manufacturing as Housing Receives Temporary Bump from Lower Rates in January
February
Economy, Inflation Continue Hot Streak in January as New Home Sales Receive Boost from Temporarily Lower Mortgage Rates
Economy (and Inflation) Starts 2023 Stronger than Expected
Consumer Credit Growth Slows, Suggesting Consumption Will Lose Momentum in 2023
Labor Market Clobbers Expectations Even as Wage Growth Slows, While Interest Rate-Sensitive Manufacturing and Housing Continue to Struggle
January
GDP Beats Expectations but Underlying Momentum Slowed at the End of 2022
December Data Shows Economic and Housing Activity Slowing
Inflation Cools Again in December as Economic Activity Softens
Labor Market Remains Bright Spot in Economy, While Manufacturing and Residential Construction Continue to Decline