Jennifer Nash

Lake Charles

Economic and Market Research Analyst at VettaFi Advisor Perspectives

Economic and Market Research Analyst at VettaFi | Advisor Perspectives

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Articles

Richmond Fed Manufacturing Activity Remained Soft in June

4 days ago | advisorperspectives.com | Jennifer Nash

Fifth district manufacturing activity remained soft in June, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose two points this month to -7, remaining in negative territory for a fourth straight month. This month's reading was higher than the forecast of -10.
Gas Prices Jump to 11-Week High

4 days ago | advisorperspectives.com | Jennifer Nash

Gas prices jumped to their highest level in eleven weeks. As of June 23rd, the price of regular and premium gas were each up 7 cents from the previous week. According to GasBuddy.com, California has the highest average price for regular at $4.63 and Mississippi has the cheapest at $2.71. Currently, the national average price for a gallon of regular gasoline stands at $3.21 with premium gasoline averaging $4.13 per gallon.
Consumer Confidence Retreats in June

4 days ago | advisorperspectives.com | Jennifer Nash

The Conference Board's Consumer Confidence Index® retreated in June, paring back nearly half of May's gains. The index fell 5.4 points to 93.0 this month, marking its sixth monthly decline in the past seven months.
S&P CoreLogic Case-Shiller Index: Annual Gains Continue to Slow

4 days ago | advisorperspectives.com | Jennifer Nash

ANALYSIS“The housing market continued its gradual deceleration in April, with annual price gains slowing to their most modest pace in nearly two years,” said Nicholas Godec, CFA, CAIA, CIPM, Head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices. “What's particularly striking is how this cycle has reshuffled regional leadership—markets that were pandemic darlings are now lagging, while historically steady performers in the Midwest and Northeast are setting the pace.
Existing Home Sales Unexpectedly Inch Up in May

5 days ago | advisorperspectives.com | Jennifer Nash

Existing home sales unexpectedly inched up in May. According to the National Association of Realtors (NAR), existing home sales rose 0.8% from April to a seasonally adjusted annual rate of 4.03 million units. Existing home sales are down 0.7% from one year ago. The latest reading came in above the expected 3.96 million. "The relatively subdued sales are largely due to persistently high mortgage rates.
Building Permits Hit Lowest Level in Five Years

1 week ago | advisorperspectives.com | Jennifer Nash

Background on Building PermitsBuilding permits track the government issuance of permits that are typically required for builders to begin construction on a new home. The data on building permits give a sense of how much and where future construction activity will take place and thus are an excellent marker of future home building. A critical aspect of the home-building industry is the powerful influence it has on the rest of the economy.
Housing Starts Fall to 5-Year Low in May

1 week ago | advisorperspectives.com | Jennifer Nash

In the latest report by the Census Bureau, housing starts inched up to a seasonally adjusted annual rate of 1.256 million in May, its lowest level in over five years. This marks a 9.8% decrease from April and a 4.6% decline compared to one year ago. The latest data was just above the forecasted rate of 1.350 million. Background on Housing StartsHousing starts track how many residential buildings began construction in the preceding month.
Zillow Home Value Index: "Real" Home Values Hit Lowest Level in Over Four Years

1 week ago | advisorperspectives.com | Jennifer Nash

Zillow, the real estate listing and brokerage website, provides a wealth of publicly available real estate data. Among these, the Zillow Home Value Index (ZHVI) offers a seasonally adjusted measure of home values and market trends. Its "flagship" ZHVI is based on data for "all homes, middle tier, smoothed and seasonally adjusted cut," aiming to represent the typical home value rather than the median. Introduced in 2006, the ZHVI includes various segmentations by geography and housing type.
Producer Price Index: Wholesale Inflation Cooler Than Expected in May

2 weeks ago | advisorperspectives.com | Jennifer Nash

Wholesale inflation heated up in May but was still cooler than anticipated. The producer price index for final demand was up 0.1% month-over-month after falling 0.2% in April. This was lower than the expected 0.2% growth. On an annual basis, headline PPI increased 2.6%, up from 2.5% in April and consistent with the forecast. Core PPI (excludes food and energy) rose 0.1%, up from -0.2% in April but lower than the expected 0.3% growth.
Consumer Price Index: Inflation Rises to 2.4% in May, Lower Than Expected

2 weeks ago | advisorperspectives.com | Jennifer Nash

Inflation rose for the first time in four months in May. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index was at 2.4% year-over-year, up from 2.3% in April but lower than the expected 2.5% growth. Additionally, core CPI remained at a four-year low at 2.8% year-over-year, lower than the expected 2.9% growth. On a monthly basis, headline and core prices rose 0.1%, lower than expected for each series (0.2% headline, 0.3% core).