Sunday, January 17, 2021

Update: The Inland Empire

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Way back in 2006 I disagreed with some analysts on the outlook for the Inland Empire in California. I wrote : As the housing bubble unwin...
Saturday, January 16, 2021

January 16 COVID-19 Test Results; Over 50,000 Deaths in January Already

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Note: It is possible the 7-day average cases is nearing a peak. I'm looking forward to not posting this data in a few months. The US ...

Schedule for Week of January 17, 2021

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The key reports this week are December housing starts and existing home sales. For manufacturing, the January Philly Fed manufacturing sur...
Friday, January 15, 2021

January 15 COVID-19 Test Results

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Note: It is possible the 7-day average cases is nearing a peak. I'm looking forward to not posting this data in a few months. The US ...

Phoenix Real Estate in December: Sales Up 27.4% YoY, Active Inventory Down 52% YoY

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The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"): 1) Overall sales were at 9,666 in December, up f...

Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased

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Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance. This data...

Q4 GDP Forecasts

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From Merrrill Lynch: We revise up 1Q 2021 GDP growth to 4.0% qoq saar from 1.0%, but take down 2Q to 5.0% from 7.0%, reflecting the earlier ...

CAR on California December Housing: Sales up 28% YoY, Active Listings down 47% YoY

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The CAR reported: California housing market ends year on high note as sales continue strong in December and median price reaches another re...

Industrial Production Increased 1.6 Percent in December; 3.3% Below Pre-Crisis Level

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From the Fed: Industrial Production and Capacity Utilization Industrial production advanced 1.6 percent in December , with gains of 0.9 pe...

Retail Sales decreased 0.7% in December

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On a monthly basis, retail sales decreased 0.7 percent from November to December (seasonally adjusted), and sales were up 2.9 percent from D...