New home sales advanced 8.3% in June to 497,000, up 38.1% from a year ago and the largest volume since May 2008. Sales for May 2013 and the prior two months were revised a bit lower, however, with May now at 459,000 compared with [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Jul 24 2013U.S. New Home Sales Advance Further in June
- Global| Jul 08 2013
U.S. Consumer Credit Growth Firm in May, but Yearly Trends Unchanged
Consumer credit saw a marked monthly gain in May, but the year-on-year trend remained steady. The May total was up $19.6B, following April's $10.9B, revised slightly from $11.1B reported initially. The y/y move, though, was 5.8%, [...]
- Global| Jul 08 2013
U.S. Consumer Credit Growth Firm in May, but Yearly Trends Unchanged
Consumer credit saw a marked monthly gain in May, but the year-on-year trend remained steady. The May total was up $19.6B, following April's $10.9B, revised slightly from $11.1B reported initially. The y/y move, though, was 5.8%, [...]
- Global| Jun 06 2013
U.S. Flow of Funds Show Modest Reduction in Q1 Credit Market Borrowing
Federal Reserve flow-of-funds data for Q1 show the net volume of credit market borrowing at a $2.4 trillion annual rate, very similar to Q4's $2.5 trillion; the earlier figure is revised somewhat from $2.3 trillion reported before. [...]
- Global| Mar 07 2013
U.S. Flow-of-Funds Highlight Q4 Gain in Credit Market Borrowing
Credit market borrowing picked up in Q4, according to the Federal Reserve's quarterly Flow-of-Funds accounts, reaching a $2,246 billion seasonally adjusted annual rate, close to three times the Q3 pace of $796 billion. All three major [...]
- Global| Mar 01 2013
U.S. Construction Spending Down in January, Mainly in Utility Plants
Construction put-in-place fell 2.1% in January (+7.1% y/y) after December's 1.1% increase. December was revised slightly from a 0.9% increase reported a month ago, but November received a boost from new data on electric power plant [...]
- Global| Jan 17 2013
Foreign Investors Acquire Larger Amounts of U.S. Securities in November
Foreign investors purchased $61.5 billion worth of U.S. long-term debt and equity securities in November, according the U.S. Treasury's International Capital ("TIC") data, published yesterday. This marked a noticeable pick-up from [...]
- Global| Jan 04 2013
U.S. Vehicle Sales Edge Down in December; 2012 Volume Largest Since 2007
After their surge in November, unit sales of light motor vehicles eased 1.0% in December to 15.37M (SAAR, and 12.9% above December 2011) according to Autodata Corporation. The latest figure surpassed the Bloomberg survey consensus [...]
- Global| Dec 28 2012
U.S. Pending Home Sales Up More in November
Pending sales of existing single-family homes, condos and co-ops gained another 1.7% (9.8% y/y) last month after a slightly revised 5.0% October rise, according to the National Association of Realtors (NAR). The latest figure joined [...]
- Global| Dec 27 2012
U.S. New Home Sales Rebound to 2-1/2-Year High
New home sales reversed their October decline in November, as they gained 4.4% to a 377,000 annual rate (+15.3% y/y). This was the largest monthly amount since April 2010. The October result was revised to 361,000 from 368,000 [...]
- Global| Dec 27 2012
U.S. Consumer Confidence Turns Down
The Conference Board's Consumer Confidence Index for December fell 6.4 points to 65.1 (1985=100) from 71.5 in November. That figure was itself revised down 2.2 points from 73.7 reported a month ago. Consensus expectations had called [...]
- Global| Dec 27 2012
U.S. Initial Unemployment Insurance Claims Ease
Initial claims for unemployment insurance decreased last week (ended December 22) to 350,000 following an uptick the week before to 362,000 (revised marginally from 361,000). Consensus expectations had looked for a nearly unchanged [...]
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