- The Case-Shiller home price index appreciated at a slower pace in November, marking the slowest annual pace of appreciation since
- January 2015. Month-over-month the index is up 0.3% and year-over-year the index is up 4.7%.
- Despite having no reports for January due to Federal Partial Shutdown now information is flowing,
- until we hit another wall
- In January, consumer confidence declined, most likely due to the 35-day government shutdown.
- The index plunged from 126.6 in December to 120.2 in January.
- For the week ending 1/25, new purchase applications were down 2.0%
- and refinance applications dropped 6.0% for a composite decrease of 3.0%.
- The ADP employment report added 213,000 jobs in January. Large firms added 66,000 jobs,
- midsize companies added 84,000 jobs and small businesses added 63,000 jobs.
- Although the government has reopened, the release of the first estimate for fourth-quarter
- Gross Domestic Product has been delayed until further notice.
- The pending home sales index declined in December, down 2.2% month-over-month and 9.8% year-over-year.
- After hitting a record low the previous week, initial jobless claims increased to a
- seasonally adjusted annual rate of 253,000, for the week ending 1/26.
- Continuing claims also increased to a level of 1.78 million.
- The release of November’s new home sales report was delayed because of the
- government shutdown and released last Thursday. In November, new home sales soared a staggering 17% month-over-month, marking a 2.7% annual increase, and reaching a seasonally adjusted annual rate of 657,000 homes.
- In January, the labor market continued to show strength with the addition of 304,000 nonfarm payrolls,
- 296,000 private payrolls, and 13,000 manufacturing payrolls. The unemployment rate ticked upward to 4.0%.
- The participation rate was virtually unchanged at a rate of 63.2%.
- Average hourly earnings increased 0.1% month-over-month and 3.2% year-over-year.
- The average workweek totaled 34.5 hours.
- US construction spending tracks total spending on private and public construction project.
- Total construction spending increased 0.8% month-over-month and 3.4% year-over-year.
- In January, the consumer sentiment index inched up to a level of 91.2.
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