The trends are illustrated with 6-month moving averages of data divided by the Census Bureau's mid-month population estimates. Household debt increased by 6 billion (0.5%) to .12 trillion in Q1.There were increases in mortgage, auto, and student loan debt and a modest decline in balances on home equity lines of credit and credit card debt. The latest Conference Board Leading Economic Index (LEI) for April increased to 109.4 from a revised 109.0 in March.This series dates from 1992 and is not adjusted for either population growth or inflation. house prices were up 0.1 percent on a seasonally adjusted nominal basis from the previous month.Let's now review Durable Goods data with two adjustments. The latest index came in at 29, up from 26 last month, which indicates that activity expanded in May. Year-over-year the index is up 6.7% (nonseasonally adjusted).Annual revisions were made to the entire series incorporating new benchmark data and monthly and seasonal factor revisions. Month-over-month nominal sales in April increased by 0.3% (0.30% to two decimals).Real Retail Sales, calculated with the seasonally adjusted Consumer Price Index, increased by 0.08%. The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales.
The year-over-year change is 3.46%, down slightly from last month's Yo Y increase. Unadjusted figures were revised going back to January 2012 and seasonally adjusted figures were revised going back to January 2013. Note: With the release of April Retail Sales and Consumer Price Index, we've updated this commentary to include the latest Real Retail Sales.
The index saw a gain of 0.31% from last Friday and 0.24% loss from yesterday.
The index is up 0.95% YTD and is 5.27% below its record close. This morning's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.5, down 0.2 from the previous week.
The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years.
Today's S&P/Case-Shiller National Home Price Index (nominal) reached another new high. The S&P 500 fluctuated around a smaller interval to start the week and dropped midweek.