THE BASIS POINT

Home Prices Continue Moderate Increase.

 

Redbook Chain Store Sales (week ended 3/26/2016)

– Store Sales year/year +1.5%. Previous was +0.8%.
Last week likely included some spending for the Easter holiday.

 
S&P Case-Shiller HPI  (January 2016)

– 20-city, seasonally adjusted, month/month +0.8%. Previous was +0.8%
– 20-city, not seasonally adjusted, month/month  +0.0%. Previous was +0.0%
– 20-city, not seasonally adjusted year/year  +5.7%. Previous was +5.7%

 
Consumer Confidence (March 2016)

– Consumer Confidence   96.2. Previous was revised up to 94.0.

This is the metric from the Conference Board.  This is supposed to be a leading indicator of consumer spending 3-6 months from now.  The correlation is the past few years has been weak making this metric less useful.

 

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