Ever since Florida surpassed New York as the third most populous state in the nation, journalists started to document the ways in which the South region of the United States began attracting young sun-lovers enthusiasts. Two factors have been identified as drivers of an apparent migration from the north towards the south. On one hand, … Continue reading Why is America’s center of gravity shifting South and West?
The National Association of Realtors communicated today that its index of Pending Homes Sales increased 3.5 percent in February 2016. This indicator offers valuable insight for housing market analysis here in the United States. Indeed, the index makes up a leading indicator of housing market and forecasts since it is based on signed real estate … Continue reading Eight Data Sources for Research on U.S. Housing Market.
Follow up on US Construction Industry Data. At the beginning of the summer of 2015, both labor statistics on employment levels and US Gross Domestic Product showed a slowdown on job creation coming from construction related activities. Given that the summer represents a time window for developers to build fast thanks to good weather conditions, … Continue reading Follow up on US Construction Industry Data.
With some exceptions, retail sales for the month of July showed positive signs. As the summer season fades down, July sales’ advance estimates show good increases in food and drinking services (9%), Furniture (6.1%) and Building materials (2.8). Those three lines boosted the annual change in sales, according to data from the U.S. Census Bureau. … Continue reading In July’s retail sales, Food and Drinking Services is King.
The more data we know, the more facts we start to understand about the U.S. GDP contraction on the first quarter of 2015. The United States Census Bureau released on June 10th its preliminary data on the Services Sector Industries. Before adjusting by season and price changes, the data unveil unsurprisingly losses in Revenue for … Continue reading Preliminary Data on Services Industries during first quarter 2015.
Recent news on GDP 2015Q1 have many economists wondering about the possible domestic causes for such a negative growth (-.7%). The U.S. Bureau of Economic Analysis (BEA) did not hesitate in pointing out towards Investment in non-residential structures, which decrease 20%. Perhaps, data on housing market from both Construction Spending and Existing Home Sales might … Continue reading Did the housing market affect negatively economic growth in 2015Q1?
Advance Estimates for Retail and Food Services show that Sales for December 2014 increased 3.2 percent compared to December 2013. Statistics were adjusted by season, but not corrected for inflation, which gives a total estimated sales volume of U$442.9 billion. Auto and other motor vehicles dealers were up 9.2 percent when compared to same month … Continue reading US Census Bureau’s Advance Estimates show Retail Sales increased 3.2% in December 2014.
Economists have pointed out three contributing factors for the Great Recession. All of them closely related to the financial and banking system: Leverage, complexity, and liquidity (Blanchard, 2013). In this article, we try to advance an alternative interpretation of the origin of the Great Recession by looking at the housing market and to its links … Continue reading Housing building fatigue: an alternative interpretation of the origin of the Great Recession.
The Census Bureau released today September 3rd its monthly Value of Construction Put in Place Survey. The total value put in place reached 900,824 millions of dollars, of which 631,403 were spent by the private sector and 296,422 by the public sector. The estimated residential value for the month of July 2013 was around 334,578 million … Continue reading U.S. Construction Put in Place Survey: 900,824 millions of dollars.