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GDP, Lumber Prices & The Labor Market | Economic Update

GDP, Lumber Prices & The Labor Market | Economic Update

GDP According to the Bureau of Economic Analysis, Real GDP increased at a seasonally adjusted annualized rate of 6.4% during the first quarter of 2021. Personal consumption expenditures (PCE), a sub-component of GDP output, rose at an annualized 14.6% in the first...
Economic Update | February 8, 2021

Economic Update | February 8, 2021

GDP According to the Bureau of Economic Analysis’ advance estimate, fourth-quarter sales grew at a seasonally and inflation-adjusted annual rate of 4.0% from the previous quarter. Despite a slowdown in improvement after the Summer’s initial snapback, Q4’s reading...
CoStar Economy: Trade Deals Bring Relief, for Now

CoStar Economy: Trade Deals Bring Relief, for Now

Plenty of Headwinds Still Pose Risk “By 2020, tariffs already imposed or announced would shrink global GDP by 0.8%. That is equivalent to the whole economy of Switzerland.” – New IMF Managing Director Kristalina Georgieva, as the IMF further cut its global...
CoStar Economy: Trade War Looms Over Fed Deliberations

CoStar Economy: Trade War Looms Over Fed Deliberations

“Economists are really good at saying we just had a recession. They are not so good at expecting a recession.” –NY Fed President John Williams The trade war left its bruises all over the latest data reports. The ISM Manufacturing Index, an index of business...