Monthly Archives: June 2022

Conference Board Consumer Confidence Index; June 2022

The Conference Board Consumer Confidence Index® decreased in June, following a decline in May. The Index fell to 98.7 (1985=100)—down 4.5 points from 103.2 in May—and now stands at its lowest level since February 2021 (Index, 95.2). The Present Situation … Continue reading

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National new home sales metrics; May 2022

New Home SalesSales of new single‐family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is … Continue reading

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National new home construction metrics; 5/22

Building PermitsPrivately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,695,000. This is 7.0 percent below the revised April rate of 1,823,000, but is 0.2 percent above the May 2021 rate of … Continue reading

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Conference Board C-Suite survey; 6/22

Survey: Global C-Suites Feel the Strain of War in Ukraine, with Most CEOs Now Predicting Recession and Fears over Cyber Attacks Escalating June 17, 2022…Recession. Cyberattacks. Inflation. Since Russia’s invasion of Ukraine, global CEOs have confronted a new world of … Continue reading

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Conference Board Leading Economic Index; 5/22

The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 0.4 percent in May 2022 to 118.3 (2016 = 100), following a 0.4 percent decline in April 2022. The LEI is now down 0.4 percent over the six-month period from … Continue reading

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WSJ article on U.S. home equity

By Orla McCaffrey orla.mccaffrey@wsj.com Americans have more equity in their homes than ever before. Total U.S. home equity increased almost 20% in the first quarter to $27.8 trillion, a record high, according to the Federal Reserve.  The increase is another … Continue reading

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Do the following make sense???

Following metrics produced by Bureau of Labor Statistics for May; 2022 Real average hourly earnings for all employees decreased 0.6 percent in May, seasonally adjusted. In May, the Consumer Price Index for All Urban Consumers rose 1.0 percent, seasonally adjusted, … Continue reading

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Conference Board Employment Trends Index, 5/22

NEW YORK, June 6, 2022…The Conference Board Employment Trends Index™ (ETI) declined slightly in May to 119.77, down from 120.60 in April 2022 (an upward revision). “The Employment Trends Index fell slightly in May, signaling slowing, but positive job growth … Continue reading

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Wall Street Editorial Board opinion on potential FHA PMI rate cut

Rising mortgage rates on top of sky-high prices are making it harder for Americans to afford a new home. Now the Biden Administration may make matters worse by cutting government mortgage insurance premiums. Housing prices have surged nearly 40% nationwide … Continue reading

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Conference Board Consumer Confidence Index; May 2022

New York, May 31, 2022…The Conference Board Consumer Confidence Index® decreased slightly in May, following a small increase in April. The Index now stands at 106.4 (1985=100), down from 108.6 in April (after an upward revision). The Present Situation Index—based … Continue reading

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