Dueling Data 

Consumer confidence is by some measures at its highest level since 10/2000. Unemployment is microscopic, pay is up, and GDP growth is strong. Yet housing slumps. Pending sales are down Y-o-Y for seven straight months, existing sales have fallen four months in a row, home price increases are slowing, as are starts, homebuilder share prices are struggling, and inventory looks to be finally bottoming. Rising prices are finally squeezing demand.

 

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC

elliot@graphsandlaughs.net

Cell: 202.306.2731

www.econ70.com

 

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