New You Can Use - Real Estate and Relocation News
  • News

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

     

    Wells Fargo -  Latest housing and economic update from Wells Fargo economists  3.24.2017

    • Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1
    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article

     

    Wells Fargo U.S. Review 2.10.2017 Light Data Week as We Wait for Fed Policy Clarity

    • The economic data were on the lighter side this week. JOLTS, import prices and the trade balance were key pieces of new information and continued to support a positive assessment of the domestic economy.
    • We updated our economic outlook for the medium term; we see growth of 1.7 percent in Q1, 2.2 percent for 2017 as a whole and 2.4 percent in 2018. There is considerable uncertainty regarding fiscal policy outcomes, but we doubt they will meaningfully play out in the economy before next year.

    Global:   Update on NAFTA Trading Partners

    • The Mexican peso has depreciated sharply versus the U.S. dollar since Election Day, which has contributed to the sharp rise in Mexican CPI inflation in the past two months. The Bank of Mexico hiked its main policy rate by 50 bps this week in an attempt to keep inflationary expectations in check.
    • In Canada, the stabilization in oil prices has caused the trade account to swing back into a small surplus after two years of red ink. Employment growth has been strong in recent months, but the Bank of Canada continues to maintain a cautious approach to policymaking. Read More

    Wells Fargo 12.16.2016 Review:  Rates Are Moving on Up

    • This week the Federal Open Market Committee (FOMC) hiked rates for the second time in the current tightening cycle and signaled that more rate hikes may be needed in 2017.
    • November's retail sales report disappointed, posting only a slight rise for the month and showing downward revisions to October's data.
    •  Industrial production contracted in November largely due to a drop in utilities output.
    • Measures of producer and consumer prices continued to indicate that inflation is beginning to firm.  Read More

     

    Wells Fargo 12.9.2016 Review: Fed Cleared for December, Now We Look to 2017

    • The final employment numbers and ISM surveys of 2016 are on the books, the way is cleared for the FOMC to raise rates next week and the focus turns to 2017. The key theme next year will be risk and reward in an aging business cycle. We presented our annual outlook for 2017 this week, refer to our website for a replay and the accompanying report.
    • Data released this week mostly contributed to the stronger case for tighter monetary policy going forward. The ISM non-manufacturing survey jumped, factory orders firmed slightly and JOLTS reiterated a tight labor market. Read more

    Wells Fargo 11.18.2016 US Report Economic Data Supportive of a Fed Rate Hike

    • The stream of economic data picked up this week after light data last week and a tumultuous few days following the U.S. election. On the household front, retail sales and housing starts began Q4 with a bang.
    • Industrial production was unchanged in October, but the weakness was concentrated in utilities output. The manufacturing sector continued to move largely sideways.
    • Inflation ticked up in October, boosted by rising energy prices. Consumer price inflation reached 1.6 percent year-over-year and continues to trek higher toward the Fed's 2 percent target.  Read More

    Wells Fargo 11.4.2016 US Report - The Case Continues to Strengthen

    • The FOMC left policy unchanged as expected at its meeting this week, but noted that "the case for raising the fed funds rate has continued to strengthen."
    •  Further supporting the case this week was an increase in the ISM manufacturing index to 51.9, a 161,000 rise in nonfarm employment, a decline in the unemployment rate to 4.9 percent and pickup in wage growth to the strongest pace of the expansion.
    •  After declining the previous three quarters, nonfarm labor productivity rose at a 3.1 percent annualized rate in Q3 but is unchanged relative to a year ago.

    Read more

    Wells Fargo 10.28 .2016 US Report Economic Growth Accelerates in Q3

    • Gross domestic product rose 2.9 percent in the third quarter after averaging just 1.1 percent over the first two quarters of the year. Consumer spending, greater business investment and net exports all supported growth for the quarter.
    •  Consumer confidence slipped a bit in October, falling 4.9 points to 98.6. The overall level of the index continues to suggest a modest pace of consumer spending in the fourth quarter.
    •  Durable goods orders data suggested some slight improvement in the fourth quarter for equipment spending after four consecutive quarters of declines. 

    Read more

    Wells Fargo 10.14 .2016 Looking for Further Improvement in the Labor Market

    Minutes from the September FOMC meeting showed the committee was close to raising rates, but was awaiting some additional gains in the labor market. The job opening rate fell in August to an eight-month low, but the less volatile turnover measures showed little change. Hirings and involuntary separations fell slightly, while quits were up a bit. Read more

    Wells Fargo 10.3.2016  Solid Economic Activity Expected in Q3

    The third estimate of real GDP growth advanced at a 1.4 percent rate, a bit faster from the previously-reported 1.1 percent increase. The still-anemic upwardly revised reading is due to a smaller drag in inventories, structures and equipment and an uptick in net exports. Real final sales, which removes the more volatile GDP components, was also revised higher, increasing at a 2.6 percent annual rate.
    Although economic activity in Q2 was lackluster, recently released monthly indicators suggest Q3 real GDP growth will be solid on the back of consumer spending and positive contribution from inventories after five quarters of weakness. Read more.

    Relocation Today Fall Forum - Mobilty Matters 9.20.2016

    Great day of learning, sharing and connecting!  

    Morning Sessions

    Afternoon Session

    The Power of Relationships

     

    Wells Fargo -9.2.16 U.S. Review:  Mixed Signals for Data-Dependent Fed

    The closely watched August employment report came in below expectations, topping off a full week of economic data releases. Since Chair Yellen's speech last Friday, the Fed's case for an interest rate hike was strengthened by solid personal income and spending gains, increased consumer confidence and continued job growth. However, the unexpected contraction in the ISM manufacturing index may give the FOMC pause in September. The lackluster jobs number also suggests the Fed will wait for more data to make the case for a rate hike, which we expect will be in December.  Read more

    Wells Fargo - 8.30.16 U.S. Review:  All Eyes on Yellen

    • In a highly anticipated speech this week, Fed Chair Yellen said that the economy is nearing the Fed's goals. See our Interest Rate Watch Section on page 6 for more analysis.
    •  New home sales jumped 12.4 percent in July. In contrast, existing home sales fell last month, and look to be restrained by low inventories and deteriorating affordability.
    •  Durable goods orders rose 4.4 percent in July, supported by the strongest gain in core capital goods orders since January.
    • The second estimate of Q2 GDP reaffirmed growth was weak last quarter, rising only 1.1 percent. Read More

    Wells Fargo July 29, 2016  US Review Economic Growth Disappoints Again in Q2

    • GDP growth expanded at a 1.2 percent pace in the second quarter with consumer spending serving as the key driver of overall economic activity.
    • Fed officials this week decided against a rate increase but signaled that improving economic conditions and greater labor market utilization will likely lead to a rate hike later this year.
    • Durable goods orders fell again in June implying that the headwinds facing the manufacturing sector are likely to continue in the months ahead.  Read More

     

     

     


     

     

     

New You Can Use - Real Estate and Relocation News
  • News

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

     

    Wells Fargo -  Latest housing and economic update from Wells Fargo economists  3.24.2017

    • Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1
    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article

     

    Wells Fargo U.S. Review 2.10.2017 Light Data Week as We Wait for Fed Policy Clarity

    • The economic data were on the lighter side this week. JOLTS, import prices and the trade balance were key pieces of new information and continued to support a positive assessment of the domestic economy.
    • We updated our economic outlook for the medium term; we see growth of 1.7 percent in Q1, 2.2 percent for 2017 as a whole and 2.4 percent in 2018. There is considerable uncertainty regarding fiscal policy outcomes, but we doubt they will meaningfully play out in the economy before next year.

    Global:   Update on NAFTA Trading Partners

    • The Mexican peso has depreciated sharply versus the U.S. dollar since Election Day, which has contributed to the sharp rise in Mexican CPI inflation in the past two months. The Bank of Mexico hiked its main policy rate by 50 bps this week in an attempt to keep inflationary expectations in check.
    • In Canada, the stabilization in oil prices has caused the trade account to swing back into a small surplus after two years of red ink. Employment growth has been strong in recent months, but the Bank of Canada continues to maintain a cautious approach to policymaking. Read More

    Wells Fargo 12.16.2016 Review:  Rates Are Moving on Up

    • This week the Federal Open Market Committee (FOMC) hiked rates for the second time in the current tightening cycle and signaled that more rate hikes may be needed in 2017.
    • November's retail sales report disappointed, posting only a slight rise for the month and showing downward revisions to October's data.
    •  Industrial production contracted in November largely due to a drop in utilities output.
    • Measures of producer and consumer prices continued to indicate that inflation is beginning to firm.  Read More

     

    Wells Fargo 12.9.2016 Review: Fed Cleared for December, Now We Look to 2017

    • The final employment numbers and ISM surveys of 2016 are on the books, the way is cleared for the FOMC to raise rates next week and the focus turns to 2017. The key theme next year will be risk and reward in an aging business cycle. We presented our annual outlook for 2017 this week, refer to our website for a replay and the accompanying report.
    • Data released this week mostly contributed to the stronger case for tighter monetary policy going forward. The ISM non-manufacturing survey jumped, factory orders firmed slightly and JOLTS reiterated a tight labor market. Read more

    Wells Fargo 11.18.2016 US Report Economic Data Supportive of a Fed Rate Hike

    • The stream of economic data picked up this week after light data last week and a tumultuous few days following the U.S. election. On the household front, retail sales and housing starts began Q4 with a bang.
    • Industrial production was unchanged in October, but the weakness was concentrated in utilities output. The manufacturing sector continued to move largely sideways.
    • Inflation ticked up in October, boosted by rising energy prices. Consumer price inflation reached 1.6 percent year-over-year and continues to trek higher toward the Fed's 2 percent target.  Read More

    Wells Fargo 11.4.2016 US Report - The Case Continues to Strengthen

    • The FOMC left policy unchanged as expected at its meeting this week, but noted that "the case for raising the fed funds rate has continued to strengthen."
    •  Further supporting the case this week was an increase in the ISM manufacturing index to 51.9, a 161,000 rise in nonfarm employment, a decline in the unemployment rate to 4.9 percent and pickup in wage growth to the strongest pace of the expansion.
    •  After declining the previous three quarters, nonfarm labor productivity rose at a 3.1 percent annualized rate in Q3 but is unchanged relative to a year ago.

    Read more

    Wells Fargo 10.28 .2016 US Report Economic Growth Accelerates in Q3

    • Gross domestic product rose 2.9 percent in the third quarter after averaging just 1.1 percent over the first two quarters of the year. Consumer spending, greater business investment and net exports all supported growth for the quarter.
    •  Consumer confidence slipped a bit in October, falling 4.9 points to 98.6. The overall level of the index continues to suggest a modest pace of consumer spending in the fourth quarter.
    •  Durable goods orders data suggested some slight improvement in the fourth quarter for equipment spending after four consecutive quarters of declines. 

    Read more

    Wells Fargo 10.14 .2016 Looking for Further Improvement in the Labor Market

    Minutes from the September FOMC meeting showed the committee was close to raising rates, but was awaiting some additional gains in the labor market. The job opening rate fell in August to an eight-month low, but the less volatile turnover measures showed little change. Hirings and involuntary separations fell slightly, while quits were up a bit. Read more

    Wells Fargo 10.3.2016  Solid Economic Activity Expected in Q3

    The third estimate of real GDP growth advanced at a 1.4 percent rate, a bit faster from the previously-reported 1.1 percent increase. The still-anemic upwardly revised reading is due to a smaller drag in inventories, structures and equipment and an uptick in net exports. Real final sales, which removes the more volatile GDP components, was also revised higher, increasing at a 2.6 percent annual rate.
    Although economic activity in Q2 was lackluster, recently released monthly indicators suggest Q3 real GDP growth will be solid on the back of consumer spending and positive contribution from inventories after five quarters of weakness. Read more.

    Relocation Today Fall Forum - Mobilty Matters 9.20.2016

    Great day of learning, sharing and connecting!  

    Morning Sessions

    Afternoon Session

    The Power of Relationships

     

    Wells Fargo -9.2.16 U.S. Review:  Mixed Signals for Data-Dependent Fed

    The closely watched August employment report came in below expectations, topping off a full week of economic data releases. Since Chair Yellen's speech last Friday, the Fed's case for an interest rate hike was strengthened by solid personal income and spending gains, increased consumer confidence and continued job growth. However, the unexpected contraction in the ISM manufacturing index may give the FOMC pause in September. The lackluster jobs number also suggests the Fed will wait for more data to make the case for a rate hike, which we expect will be in December.  Read more

    Wells Fargo - 8.30.16 U.S. Review:  All Eyes on Yellen

    • In a highly anticipated speech this week, Fed Chair Yellen said that the economy is nearing the Fed's goals. See our Interest Rate Watch Section on page 6 for more analysis.
    •  New home sales jumped 12.4 percent in July. In contrast, existing home sales fell last month, and look to be restrained by low inventories and deteriorating affordability.
    •  Durable goods orders rose 4.4 percent in July, supported by the strongest gain in core capital goods orders since January.
    • The second estimate of Q2 GDP reaffirmed growth was weak last quarter, rising only 1.1 percent. Read More

    Wells Fargo July 29, 2016  US Review Economic Growth Disappoints Again in Q2

    • GDP growth expanded at a 1.2 percent pace in the second quarter with consumer spending serving as the key driver of overall economic activity.
    • Fed officials this week decided against a rate increase but signaled that improving economic conditions and greater labor market utilization will likely lead to a rate hike later this year.
    • Durable goods orders fell again in June implying that the headwinds facing the manufacturing sector are likely to continue in the months ahead.  Read More