Monthly Archives: December 2016

National consumer confidence index; 12/2016

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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Case Shiller house price index for October, 2016

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National new home sales for November, 2016; big increase compared to 11/15

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.

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National weekly average wage and employed workforce comparison; 2Q/16 v. 2Q/15

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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What a Trump presidency might mean for the national housing market

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Fannie economist interview regarding rising mortgage rates and house prices

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November 2016 Wells Fargo builder sentiment index; 11 year high!!

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National new home permits and starts for November, 2016; both down compared to 11/15

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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Obama metrics; then versus now

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National banking metrics; lowest percentage of unprofitable banks since Q3/97

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

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