Key Highlights Residential Construction Trends Residential construction trends were mixed in December as permits declined and starts increased, but the underlying data suggest growth is ahead for multifamily. Existing Home Sales Existing home sales increased 2.2% in December, which was better than the 1.2% increase expected and marks the third month of increases. Inventory declined, … Continued

Key Highlights Inflation Trends Headline inflation, according to the CPI, accelerated to an increase of 0.4% in December, driven by rising gas prices. However, core CPI, which excludes food and energy, saw a decelerating increase of 0.2%, which was weaker than expected. Shelter costs remained high, with a steady increase of 0.3%. Retail Sales Performance … Continued

Key Highlights Employment Trends Job growth was strong and much better than expected in December, affirming that the labor market has stabilized. Unemployment declined, but wage growth cooled modestly. New-Vehicle Sales and Prices The new-vehicle seasonally adjusted annual rate (SAAR) improved in December to 16.8 million, the best level since April 2021. Used-Vehicle Market The … Continued

Key Highlights Strong Q4 Momentum in Auto Market The auto industry continues to show resilience despite challenges in consumer confidence and purchase plans. Economic Growth and Consumer Spending The final estimate of the third-quarter real GDP showed a stronger pace of growth at 3.1% from the 2.8% prior estimate. Home Sales and Mortgage Rates All … Continued

Key Highlights Inflation and Vehicle Pricing Trends Inflation indicators signal modest increases, with vehicle prices showing varied movement across categories. Growing Consumer Credit Consumer credit excluding mortgages saw accelerating growth in October, according to the latest report from the Federal Reserve. Improved Auto Credit Availability Access to auto financing improved significantly in November, driven by … Continued