Recent Updates
- Mexico: Manufacturing Employment (Mar)
- Latvia: Labor Force Statistics (Apr)
- UK: CBI Industrial Trends Survey (May)
- Albania: HICP (Apr)
- South Africa: Wholesale Sales, Export & Import Indexes (Mar)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Robert Brusca March 11, 2008
The RICs survey by surveyors that tells the tendency of house
prices to rise or fall is at its weakest level ever. The index is an
up/down net balance reading and the balance of house prices falling is
the largest negative excess over this rising going back to 1999.
Expectations for prices did up tick slightly in February but they too
are near historic lows. Sales expectations are in much better shape by
comparison. They turned higher after a string of negative readings and
stand at a level of +2 in the 41st percentile of their historic range.
That is below the mid-point of the range at 50 but still only a
moderately weak reading.
RICS: House prices and expectations for prices and sales | |||||||
---|---|---|---|---|---|---|---|
Feb-08 | Jan-08 | Dec-07 | 3Mo Avg | 6Mo Avg | 12Mo Avg | Range Percentile | |
Prices | -64 | -55 | -49 | -56 | -41 | -13 | 0.0% |
Price Expectations | -58 | -62 | -62 | -61 | -48 | -24 | 4.0% |
Sales expectations | 2 | -11 | -19 | -9 | -9 | 0 | 41.2% |
New Sales | -31 | -28 | -20 | -26 | -29 | -18 | 7.3% |
Range percentile takes range back to 1999 |