April 2014 Pending Home Sales Improves But Still Not Good

Written by

The National Association of Realtors (NAR) seasonally adjusted pending home sales index for April 2014 again shows improvement over last month.  Unfortunately, the headlines don't mention that pending home sales index level is down from a year ago, and our analysis suggests that May 2014 existing home sales will not be good.

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Second Estimate 1Q2014 GDP Revised Down - Economy Was In Contraction

May 29th, 2014
in aa syndication, gdp

Written by Doug Short and

The second estimate of first quarter 2014 Real Gross Domestic Product (GDP) is now a negative 1.0%.

  • The market expected GDP at -0.8% to 0.2% (consensus -0.5%).
  • This data point was +0.1% in the advance GDP estimate.

 

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June 2014 Economic Forecast: Improvement Cycle Continues

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Our June 2014 Economic Forecast continues to show a strengthening economy – this general strengthening cycle began 12 months ago with one small dip at the beginning of 2014. All portions of the economy outside our economic model - except housing - are showing expansion.  

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May 2014 Conference Board Consumer Confidence Rises Moderately

May 27th, 2014
in aa syndication, consumer sentiment

Written by and

The May 2014 Conference Board Consumer Confidence Index rose moderately after declining in April. The market expected this index to come in at 71.5 to 85.6 (consensus 83.0) versus the 83.0 reported.

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Case-Shiller Home Prices March 2014: Prices Continue to Grow at a Slower Rate

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The non-seasonally adjusted Case-Shiller home price index (20 cities) for March 2014 (released today) rate of growth again declined slightly but showed the 22nd consecutive monthly year-over-year gain in housing prices since the end of the housing stimulus in 2010.

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