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In October, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index recorded a 3.6% annual gain, down from 3.9% in September. The 10-City Composite saw an annual increase of 4.8% in October, a decrease from 5.2% in September, while the 20-City Composite rose 4.2% year-over-year, down from 4.6%. Among the 20 cities, New York […]

In December, U.S. manufacturing remained in contraction, with output decreasing at the fastest pace in 18 months. The S&P Global U.S. Manufacturing PMI fell to 49.4 in December from 49.7 in November, slightly below the 50 threshold that indicates a contraction in the sector. This suggests manufacturing conditions deteriorated to a greater extent than the […]

In December, the global manufacturing sector fell back into contraction to 49.6 after activity had stabilized in November. Four of the five PMI components were at levels consistent with deterioration, as output and new orders registered declines after meager growth the month prior, and supplier delivery times lengthened. Manufacturing output declined modestly in December, and […]

In December, Texas factory activity increased, but industry indicators were mixed. The production index rose from -0.9 to 3.9 but was still far below the last positive reading of 14.6 in October. The new orders index increased from -11.9 to -0.9, indicating demand was relatively unchanged from November. Meanwhile, the capacity utilization and shipments indexes […]

In December, the U.S. manufacturing sector contracted for the ninth consecutive month, with the ISM Manufacturing® PMI rising to 49.3% from 48.4% the prior month, indicating activity contracted at a slower pace. The New Orders Index continued in expansion territory, strengthening to 52.5%. In addition, production returned to expansion after six months of contraction, registering […]

Existing home sales increased 4.8% in November and jumped 6.1% from November 2023. Housing inventory declined to 1.33 million units, reflecting a 2.9% decrease from October but up 17.7% from last year. The median existing home price was $406,100, up 4.7% from last year, with all four U.S. regions reporting price increases. Single-family home sales […]

Building permits increased 6.1% in November but fell 0.2% over the year. Permits for single-family homes rose 0.1% in November but declined 2.7% over the year. Permits for buildings with five or more units grew 22.1% from October and 4.8% over the year. In November, housing starts decreased 1.8% over the month and 14.6% over […]

Manufacturing activity fell slightly in the Tenth District in December, while expectations for future activity rose. The Tenth Federal Reserve District encompasses the western third of Missouri; all of Kansas, Colorado, Nebraska, Oklahoma and Wyoming; and the northern half of New Mexico. The month-over-month decline in activity was driven primarily by durable goods falling modestly, […]

In December, Philadelphia’s regional manufacturing activity declined overall. The index for current general business activity remained negative and fell further from -5.5 to -16.4. Just 16% of firms reported increased activity this month, while nearly 33% saw decreases and nearly 47% experienced no change. The indexes for new orders and shipments turned negative and declined […]

Manufacturing activity in New York state held steady in December, with the headline general business activity index retreating 31 points to 0.2 after rising sharpy in November. In December, the new orders index decreased to 6.1, falling 21.9 points, while the shipments index fell 23.1 points to 9.4, reflecting modest gains in both orders and […]