Yearly Archives: 2014

November Home Sales, Income and Spending, Durable Goods Orders, Q3 GDP

Naughty and Nice, Home Sales Stutter but GDP Roars Ahead New Home Sales for November declined by 1.6 percent to an annual rate of just 438,000 units. November Existing Home Sales fell by 6.1 percent, to a 4,930,000 unit annual … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off

Comerica Economic Weekly

We approach the end of the year with the price of oil, the health of the Russian economy and the Federal Reserve as hot topics this week. WTI crude oil traded in a range of about $54 to $58 per … Continue reading

Posted in General, United States, Weekly | Tagged , | Comments Off

November Leading Indicators, CPI, December UI Claims, Fedspeak

Solid Economic Data Supports Another Step in the Fed’s Pivot The Leading Economic Index for November gained 0.6 percent. The Consumer Price Index for November fell by 0.3 percent with lower gasoline prices. Initial Claims for Unemployment Insurance fell by … Continue reading

Posted in Daily, General, United States | Tagged , , | Comments Off

Lower Oil Prices to Boost Southern California

Lower oil prices will support the Southern California economy. West Texas Intermediate spot prices have taken a sharp slide from $102 per barrel in June down to near $55 per barrel in mid-December. Lower oil prices are expected to persist … Continue reading

Posted in General, Quarterly Briefs, Regional Updates, Southern California | Comments Off

Northern California Economy Driven By Strong Labor Market Gains

Northern California has created around 400,000 jobs in the past four years, bringing area payroll employment back to 2001 levels at over 3.1 million nonfarm workers. Job gains have been widespread over the past 12 months, with a quarter of … Continue reading

Posted in General, Northern California, Quarterly Briefs, Regional Updates | Comments Off

Central West Michigan Boosted by Grand Rapids

The Central West Michigan economy is supported by the surprising strength of Grand Rapids. Grand Rapids was recently ranked as the fifth fastest growing city in terms of per capita growth from 2010 to 2013, according to the Bureau of … Continue reading

Posted in Central West Michigan, General, Quarterly Briefs, Regional Updates | Comments Off

A Clearer View for Detroit

A clearer view for the Detroit metro area economy is developing as the City of Detroit exits bankruptcy. Officially, the City emerged from bankruptcy after 17 months as the calendar flipped over to December 11. On December 10, the City … Continue reading

Posted in Detroit, General, Quarterly Briefs, Regional Updates | Comments Off

The Phoenix Economy Awaits Housing Rebound

Phoenix employment growth is on the right track, gaining ground in the services industries over the past few years. However, area employment has still not recovered to pre-recession levels. The primary culprit has been construction employment. The decline in construction … Continue reading

Posted in General, Phoenix, Quarterly Briefs, Regional Updates | Comments Off

High-End Real Estate Development Boosts Miami

Real estate markets are gathering momentum in the Miami Metropolitan Statistical Area. Home prices in Miami continue to outpace the national average, with strong double-digit gains: the Case-Shiller Index for the city shows an almost 18 percent increase in home … Continue reading

Posted in General, Miami, Quarterly Briefs, Regional Updates | Comments Off

Lower Oil Prices, a Sea Change for the Houston Economy

As of our mid-December publication date, by virtually any measure, the Houston metro area economy is flourishing. However, significantly lower crude oil prices, now dropping through $60/barrel, represent a sea change for Houston. We expect oil drilling and exploration activity … Continue reading

Posted in General, Houston, Quarterly Briefs, Regional Updates | Comments Off