Monday, December 03, 2018

Year-to-Date Performance: Employment, Vehicle Sales, New Home Sales

by Bill McBride on 12/03/2018 03:33:00 PM

Here are three tables showing year-to-date performance for three key economic metrics: Employment, Vehicle Sales, and New Home Sales.

Each table shows measurements through the most recent report (October), full year, and percent change from the previous year.

Employment growth has picked up in 2017 and will likely be the 3rd best year since the great recession.  Vehicle sales are mostly moving sideways year-over-year at a high level, and new home sales are up slightly.

Note: All data is based on monthly NSA data.  Employment from the BLS, vehicle sales from BEA, and new home sales from Census.

Employment Gains (000s)
YearThrough
October
Full YearYoY
Change
20108511053
20111744209098.5%
2012177821512.9%
2013198723017.0%
20142447300530.6%
201522142712-9.8%
201619922344-13.6%
201717972188-6.7%
20182125NA18.3%1
1Year-over-year change for 2018 based on data through October.

Vehicle Sales (000s)
YearThrough
October
Full YearYoY
Change
20109,54511,555
201110,50512,74210.3%
201211,94614,43313.3%
201312,93915,5307.6%
201413,66216,4525.9%
201514,44317,3965.7%
201614,41417,4650.4%
201714,15117,135-1.9%
201814,205NA0.4%1
1Year-over-year change for 2018 based on data through October.

New Home Sales (000s)
YearThrough
October
Full YearYoY
Change
2010279322
2011258305-5.3%
201231336921.0%
201336642916.3%
20143734392.3%
201542750114.1%
201648256112.0%
20175186139.3%
2018533NA2.9%1
1Year-over-year change for 2018 based on data through October.