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Economic Data The NAHB Housing Market Index hit an all-time high of 83 in September
Lumber prices are through the roof which is adding over $16K to the prices of single-family homes
3-month moving averages by region:
West = 85
South = 79
Northeast = 76
Midwest = 72
Retail sales increased 0.6% in August
Increased for a 3rd straight month but steadily declining since Juneâs surge
Online sales were flat but up 22.4% YoY
Restaurant & bar sales were up 4.7% but still down 15.4% YoY
Gas receipts up 0.4% but -15.4% YoY
Increased for a 3rd straight month but steadily declining since Juneâs surge
Online sales were flat but up 22.4% YoY
Restaurant & bar sales were up 4.7% but still down 15.4% YoY
Gas receipts up 0.4% but -15.4% YoY
Business inventories were up 0.1% in July
Total retail trade inventory rose 1.2%
Motor vehicles & parts dealers saw the largest uptick of 2.7%
Clothing stores had a drawdown of 1.8%
Manufacturers inventory were down 0.5%
*Businesses continue to stay lean on inventory levels
Total retail trade inventory rose 1.2%
Motor vehicles & parts dealers saw the largest uptick of 2.7%
Clothing stores had a drawdown of 1.8%
Manufacturers inventory were down 0.5%
*Businesses continue to stay lean on inventory levels
The Fed concluded their 2-day meeting today. Main points:
*Interest rates will stay near zero through at least 2023
*More specifically, they will not rise until we return to âfull employmentâ
*Aiming for inflation to sustain a 2% avg
*Interest rates will stay near zero through at least 2023
*More specifically, they will not rise until we return to âfull employmentâ
*Aiming for inflation to sustain a 2% avg
