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.
September 15, 2023 Weekly Note
Higher Gas Prices Boost Retail Sales and Prices, but Underlying Trend Points to Softening Consumer Spending and InflationSeptember
Higher Gas Prices Boost Retail Sales and Prices, but Underlying Trend Points to Softening Consumer Spending and Inflation
Labor Market Conditions Cool over the Summer as Services Activity Jumps
August
GDP and GDI Continue to Conflict, While Real Spending Jumps in July
New Home Sales Continue Upward Trend Amid Extremely Limited Inventory of Existing Homes
Retail Sales and Single-Family Starts Point to a Resilient Economic Growth
Inflation Measures Remain Cool for Second Consecutive Month
Labor Market Conditions Cool Amid Weak Manufacturing Activity and Tightening Lending Conditions
July
Economy Expands at Healthy Pace in Q2 while New Home Sales Decline and Existing Home Market Remains Sluggish
Retail Sales Imply More Consumer Resilience as New Home Construction Continues to Benefit from Tight Inventories of Existing Homes
Inflation Cools in June Amid Slowdown in Consumer Demand
Wage Growth Continues to Indicate Tight Labor Market as Services Activity and Construction Spending Rise
June
Economic Data Continues to Look Mixed as New Home Sales Jump in May
Existing Home Sales Remain Sluggish Amid Limited Inventory, Boosting New Home Construction
Fed Pauses Rate Hikes as Inflation Pressures Cool and Economic Growth is Sluggish
Services Activity Approaches Stagnation as Trade Data, Factory Orders Also Point to Slowing Economy
Labor Market Data Send Conflicting Signals as Economic Activity Generally Weakens
May
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