THE BASIS POINT

Higher Housing Expenses Mean Less Consumer Spending

Case-Shiller Home Price Index (October 2016)

– 20-city, seasonally adjusted month/month +0.6%. Previous was +0.5%
– 20-city, not seasonally adjusted month/month +0.1%. Previous was +0.1%
– 20-city, not seasonally adjusted year/year +5.1%. Previous was +5.0%

Values are highly regional. Nonetheless housing expense remains high, consuming too large a piece of family income, reducing discretionary spending, and holding back economic growth.

 

Consumer Confidence (December 2016)

– Consumer Confidence 113.7. Previous was 109.4

This is the metric from the Conference Board.

Richmond Federal Reserve Manufacturing Index (December 2016)

– Level 8. Previous was 4.

 

Dallas Federal Reserve Manufacturing Survey

 
– Production Index 13.8. Previous was 8.8
– General Activity Index 15.5. Previous was 10.2.

This shows strength in energy production as dometic oil wells come return to active statuls with the price of WTI increasing.

 

 

Richmond Federal Reserve Manufacturing Index (December 2016)

– Level 8. Previous was 4.