Home Prices up.

Redbook Chain Store Sales (week ended 2/20/2016)

– Store Sales year/year +1.2%. Previous was +0.7%

 

S&P Case-Shiller HPI (December 2015)

– 20-city, seasonally adjusted month/month  +0.8%. Previous was +1.0%
– 20-city, not seasonally adjusted month/month +0.0%. Previous was +0.1%
– 20-city, not seasonally adjusted year/year +5.7%. Previous was +5.7%.

This measures single-family sales of existing homes. Prices are likely being driven up by the lack of sufficient supply.

 
Consumer Confidence (February 2016)

– Consumer Confidence 92.2.  Previous was 97.8.

It is almost as if consumers were actually paying attention to equity prices and economic news.

This is the metric from The Conference Board.  It is supposed to measure Consumer Spending 3-6 months from now.

 

Existing Home Sales (January 2016)

– Existing Home Sales seasonally adjusted, annualized  5,470,000. Previous was 5,450,000

 

Richmond Fed Manufacturing Index (February 2016)

– level -4.  Previous was +2.

We are in a manufacturing recession.