Flatter Home Prices.

S&P Case-Shiller HPI (August 2014)

– 20-city, seasonally adjusted month/month  -0.1%. Previous was -0.5%
– 20-city, not seasonally adjusted month/month  +0.2%. Previous was +0.6%
– 20-city, not seasonally adjusted year/year  +5.6%. Previous was +6.7%.

While flat home prices may cause trouble for folks in the real estate or mortgage business, they help make homes affordable.

 
ICSC-Goldman Store Sales (week ended 10/25/2014)

– Store Sales week/week  +0.3%. Previous was -0.3%
– Store Sales year/year  +2.8%. Previous was +2.1%

 

Redbook (week ended 10/25/2014)

– Store Sales year/year  +4.4%. Previous was +4.1%.

 

Durable Goods Orders  (September 2014)

– New Orders month/month  -1.3%. Previous was -18.3%
– New Orders year/year +3.3%. Previous was +8.7%
– Ex-transportation  month/month -0.2%. Previous was +0.7%
– Ex-transportation year/year +7.3%. Previous was +7.3%.

DGO data is volatile and while the data is a bit confusing it shows some softness.

 
Consumer Confidence (October 2014)

– Consumer Confidence  94.5. Previous was 89.0.

This is the metric from the Conference Board.  It is supposed to forecast Retail Sales in the next 90 days.

 

Richmond Federal Reserve Manufacturing Index (October 2014)

– Level 20.  Previous was 10.

This survey index measures the health of manufacturing in the Richmond Fed’s region.