Monthly Archives: December 2016

Confident Consumers Since the conclusion of the presidential election, consumer confidence as measured by the Conference Board has shot up an amazing 12.8% to 113.70, its highest reading since 8/01! Similarly, the University of Michigan consumer sentiment index is up … Continue reading →

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Sales of new single-family houses in November 2016 were 592,000 at a seasonally adjusted annual rate (SAAR), up 5.2 percent from October’s revised rate, and up 16.5 percent from November 2015.

Wake County ranked 181 out of the 345 largest United States counties in terms of percentage average weekly wage growth. The average weekly wage in the county was $989, up 2% compared to 2Q/15. The average weekly wage in North … Continue reading →

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Building permits in November 2016 were at a seasonally adjusted annual rate (SAAR) of 1,201,000, down 4.7 percent from the revised October rate, and down 6.6 percent from November 2015. Housing starts in November 2016 were at a SAAR of … Continue reading →

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Buoyant Banks Net income at all 5,980 FDIC insured banks rose $5.2 billion Y-o-Y to $45.6 billion in 16Q3. Looking at the subset of 5,521 community banks, quarterly net income rose $593 million Y-o-Y to $5.6 billion. Better yet, fewer … Continue reading →