4/17: MetroIntelligence Economic Update by P. DUFFY

NAHB’S HMI dips one point to 69 in April, still remains on firm ground

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April.  The HMI index gauging buyer traffic held steady at 51, the chart measuring sales expectations in the next six months fell a single point to 77, and the component gauging current sales conditions dropped two points to 75.

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March retail sales rebound 0.6 percent following three straight declines

U.S. retail sales rebounded in March by 0.6 percent after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items.

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Consumer sentiment slips in early April survey due to trade policy concerns

Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months, mainly due to concerns about the potential impact of Trump’s trade policies on the domestic economy. The small decline was widely shared by all age and income subgroups and across all regions of the country. The expectation of rising interest rates also slowed the anticipated pace of growth in the economy.

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February job openings fell 2.8 percent from January, hires and separations fell by a lesser amount

The number of job openings fell by 2.8 percent between the last days of January and February.  Over the month, hires and separations fell by 1.2 and 2.4 percent, respectively.

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