New home sales fell sharply in June… Sales dropped 6.6% in June and May sales were also revised down 769,000 units to 724,000.
Week Ending May 21st, 2021 Russian hackers score big… Hackers made out with $5 million in Bitcoin from Colonial Pipeline. What does it mean – Expect more ransoms as cost of electricity is no longer viable for poor countries or miners to mine for Bitcoin or other crypto currencies. That is a joke. But truth […]
Housing Starts Up 4.8% in June, Reversing Decline in May… Single-family housing starts increased 4.4% and multifamily starts moved up 5.4%. What it means – Home builders will breathe a little easier knowing that housing isn’t sliding backward, but there’s not a lot of forward momentum, either. Housing starts climbed back to 1.189 million units on an annualized basis, which keeps […]
Consumer Prices up 0.4% in April, and 1.1% over Last Year… Excluding food and energy, prices were up 0.2% last month, and 2.1% over the same period last year. What it means– Gasoline prices ticked higher with oil prices last month, pushing the consumer price index higher. Costs rose in most areas except apparel. But the growth rate slowed […]