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Economy

Economic Data (USA)

Wednesday, February 24, 2021

New Home Sales During January 2021

The January 2021 New Home Sales report was released by the Commerce Department this morning:

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Predicted: 900,000
  • Actual New Home Sales: 923,000

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  • Change from One Month Previous: +38,000 units (+4.294%)

  • Change from One Year Previous: +149,000 units (+19.251%)


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Median Price for a New Home
during January 2021: $346,400

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Average Price for a New Home
during January 2021: $408,800

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Inventory: 307,000 (4.0 months supply at current sales rate; seasonally‐adjusted.)

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CHART: New Home Sales January 2021 Update

CHART: New Home Sales
January 2021 Update

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Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.


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Wednesday, February 10, 2021

Consumer Price Index (CPI) for January 2021

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2021:

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Predicted: +0.2%
Actual: +0.3%

  • Change From 12 Months Previous: +1.4%

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Below is the CPI when food and energy are removed, also known as core CPI:

Predicted: Unchanged
Actual: Unchanged

  • Change From 12 Months Previous: +1.4%

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The above, yellow-highlighted figures represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

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Chart: Consumer Price Index (CPI) January 2021 Update

Chart: Consumer Price Index (CPI)
January 2021 Update 
 
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