• January 10, 2017
• no comment
• realestatelife

November JOLTS 5.552M vs. estimates of 5.555M. November Wholesale Inventories 1.0% vs. estimates of 0.9%. Generally, neither of these is a major factor in pricing.

• January 6, 2017
• no comment
• realestatelife

The Labor Department reports the U.S. economy added 156,000 jobs in December, below expectations for 178,000 jobs. The unemployment rate rose to 4.7%. Meanwhile, the labor force participation rate rose a tick to 62.7%. November Non Farm Payrolls revised from 178,000 to 204,000. October Non Farm Payrolls revised from 142,000 to 135,000.

• January 6, 2017
• no comment
• realestatelife

The November Trade Deficit widened to $45.2 billion. Economists were looking for the deficit to decline to $42.5 billion. October’s deficit was revised lower to $42.4 billion.

• January 6, 2017
• no comment
• realestatelife

This is a mixed bag. The headline Non Farm Payrolls was lower than expectations by 22,000, but the revision to the prior two months were + 19,000…so that is a wash. The wage data was higher than expected. The headline Non Farm Payroll is positive for pricing, but in totality, this report really isn’t weak

• January 5, 2017
• no comment
• realestatelife

The payroll processing firm ADP says 153,000 people were added to private sector payrolls in December. The estimate was for 170,000. November payrolls were revised lower by 1,000 to 215,000.

• January 5, 2017
• no comment
• realestatelife

Weekly jobless claims fell by 28,000 to 235,000 last week. That came in lower than the 260,000 estimate. The prior week was revised lower by 2,000 to 263,000

• January 5, 2017
• no comment
• realestatelife

The Institute for Supply Management’s gauge of service-sector growth was unchanged from November at 57.2. It still topped the expectation for a reading of 56.6. Readings above 50 indicate expansion, while those below point to contraction.

• January 3, 2017
• no comment
• realestatelife

The Institute for Supply Management’s gauge of factory activity rose to 54.7 in December from 53.2 in November. Economists expected an increase to 53.6 for the month. Readings above 50 point to expansion, while those below indicate contraction.