THE BASIS POINT

New Home Sales at Highest Level since 2008.

 

Redbook Chain Store Sales (week ended 5/21/2016)

– Store Sales year/year +0.4%. Previous was +0.5%.

Is there a better word for “sluggish?”

 

 

New Home Sales (April 2016)

– New Home Sales (seasonally adjusted annualized) 619,000.

Previous was 531,000.  This is the highest level since 2008.

This is +15.4% month/month and +23.8% year/year.  By region the strongest gains were in the NE and mid-west.

 

 

Richmond Federal Reserve Manufacturing Index  (May 2016)

– Index level -1. Previous was +14.

This is another regional Fed survey.

 

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