Source: US Census Bureau Housing starts in the United States climbed for the second straight month in March, marking the highest level since 2006. XHB is up 2.78%, while ITB is up 2.77%. Residential starts for the month stood at 1.793 million, up 0.3% from February’s 1.788 million and 3.9% higher than March 2021’s 1.725 million.The latest level is the highest level in 16 … [Read more...] about US Residential Starts Climb to 16-Year High in March
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Americans Expect Home Prices to Soar 7% Year-Ahead
Source: New York Fed One-year ahead, house prices are expected to rise by 7%, higher than the above 5.7% reading of last year. DJI is down -0.25%, DXY is up +0.21%. The house price gains are expected to go in tandem with rents, with an annual gain of 11.5%, with the number of renters expecting to own a home reported to be on a decline. The rents are expected to … [Read more...] about Americans Expect Home Prices to Soar 7% Year-Ahead
US Industrial Production Rises by 0.9%, the Third Straight Month of Increases
Source: Federal Reserve Industrial production in the US increased by 0.9% in March, the third straight month of advances, but slower than 1.2% in February. SPY is down -1.25%, DXY is up +0.18%. Following the February gains, the industrial output maintained an 8.1% elevation in the first quarter compared to the prior year. The index was 5.5% above the prior-year level.The … [Read more...] about US Industrial Production Rises by 0.9%, the Third Straight Month of Increases
US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
Source: University of Michigan The Index of Consumer Sentiment in the US was reported at 65.7 in early April, improving by 10.6% from the previous month. SPY is down -0.63%, DXY is up +0.50%. The consumer sentiment gauge was still 25.6% lower than the prior year and remained below the reading in January this year. Consumers also became more upbeat about the current … [Read more...] about US Consumer Sentiment Improves by 10.6% In April as Optimism Crawls Back
US Import, Export Prices Surge to Historic Highs in March
Source: Bureau of Labor Statistics Import and export prices of the United States both posted double-digit annual growth in March, marking historic highs. QQQ is down 1.10%, while SPY is down 0.33%. Import prices for the month increased by 2.6% from February, marking the biggest monthly increase since April 2011.Annual import price growth was recorded at 12.5%, the biggest … [Read more...] about US Import, Export Prices Surge to Historic Highs in March
