U.S. home prices grew 3.9 percent in December, year over year, a faster rate than November’s 3.7 percent, according to the S&P CoreLogic Case-Shiller National Home Price Index.
Tag: U.S. Economy
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RETAIL BANKRUPTCIES IN 2024 WERE MOST IN FOUR YEARS
Last year, more retailers filed for bankruptcy than any year since 2020 when the COVID War broke out, S&P Global Intelligence reported. Aside from that year, the number was the largest since 2017.
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CLAIMS FOR JOBLESS BENEFITS ROSE IN MID-FEBRUARY
For the week ending 22 February, new claims for unemployment benefits rose to 242,000, an increase of 22,000 from the week before and the most in a single week since early October, the U.S. labor department reported.
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BOND MARKET FLASHES SIGNAL CLOSELY ASSOCIATED WITH RECESSIONS
On 26 February, the yield on the 10-year U.S. treasury note fell below that of the three-month note. This “inverted yield curve has had a sterling prediction record over a 12- to 18-month timeframe for downturns going back decades,” CNBC reported.
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U.S. ECONOMY IS SHRINKING, ATLANTA FED SAYS
The U.S. economy is on trend to contract by 1.5 percent in the current quarter, according to GDPNow, the Federal Reserve Bank of Atlanta’s gauge that monitors incoming economic data.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we have detailed, two of our Top Trends for 2025 have been dealt and continue to be dealt: The Trump Card and The Wild Card.
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SPOTLIGHT: BIGS GETTING BIGGER
After sitting out much of the past two years and making minimal distributions to investors, private equity firms are back in action, according to the industry’s newest earnings reports.
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WALMART EXPECTS SLOWER GROWTH THIS YEAR
Walmart booked a 5.1-percent increase in sales last year, posting $681 billion in revenue, more than other companies in the world.
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U.S. HOUSING STARTS TUMBLE IN JANUARY
New single-family home construction in the U.S. slumped 8.4 percent in January, year on year, dropping for the first time since October. Multifamily starts were down by 13.5 percent, according to commerce department data. The pullback followed a 16-percent surge in home starts in December, leading some economists to believe that some construction was advanced......
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EXISTING HOME SALES FALL AS PRICES SET A NEW JANUARY RECORD
In January, sales of existing U.S. homes fell 4.9 percent below December’s number, the National Association of Realtors (NAR) reported. The drop was almost twice the 2.6-percent decline analysts had expected.