The Patch of Land Blog

Learn about all the latest happenings.

The Equilibrium Report: 12/15/14 to 12/19/14

12/15- Home builder's Survey(Dec)

The National Association of Home Builders/ Wells Fargo sentiment fell to 57 from 58 last month. A Bloomberg survey had the gauge going to 59. Overall, this slip is not too bad as we only fell by a point and we are still at a 9 year high.


12/16- Housing Starts (Nov),Housing Starts (Nov)

Housing start permits fell for the month of November. Ground breaking declined 1.6% to a seasonally adjusted 1.028 million-unit pace.  Although we had a drop, we still had a strong total number, which show we are growing at a steady pace.


12/17- Consumer Price Index (Q3), Consumer Price Index (Q3)

CPI feel by 0.30% which is the largest drop since December of 2008. CPI staying this low is keeping the inflation rate under the fed's 2% level, but many believe the fed will still raise rates next year, even if its stay below due to other factors that are showing the US economy's strength.


12/18- Initial and continuing jobless claims

Initial jobless claims dropped by 6,000 to a level of 289,000. Economist estimated a level of 293,000. Continuing claims feel to by 147K to a level of 2.37 million.  This might indicate that the labor market is still moving along with a lot of strength. This strong indicator is surely to be used as a strong pro for rate increases next year.

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