- Single-family starts ease while multi-family improve.
- Starts and permits were revised down sharply.
- Housing construction activity appears to be holding at an elevated range.
Introducing
Peter D'Antonio
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Peter started working for Haver Analytics in 2016. He worked for nearly 30 years as an Economist on Wall Street, most recently as the Head of US Economic Forecasting at Citigroup, where he advised the trading and sales businesses in the Capital Markets. He built an extensive Excel system, which he used to forecast all major high-frequency statistics and a longer-term macroeconomic outlook. Peter also advised key clients, including hedge funds, pension funds, asset managers, Fortune 500 corporations, governments, and central banks, on US economic developments and markets. He wrote over 1,000 articles for Citigroup publications. In recent years, Peter shifted his career focus to teaching. He teaches Economics and Business at the Molloy College School of Business in Rockville Centre, NY. He developed Molloy’s Economics Major and Minor and created many of the courses. Peter has written numerous peer-reviewed journal articles that focus on the accuracy and interpretation of economic data. He has also taught at the NYU Stern School of Business. Peter was awarded the New York Forecasters Club Forecast Prize for most accurate economic forecast in 2007, 2018, and 2020. Peter D’Antonio earned his BA in Economics from Princeton University and his MA and PhD from the University of Pennsylvania, where he specialized in Macroeconomics and Finance.
Publications by Peter D'Antonio
USA| May 18 2022U.S. Housing Starts Dip in April but Remain Elevated
USA| May 18 2022U.S. Mortgage Applications Continued to Slide Amid Higher Rates
- Total applications fell 11% in the latest week. -The uptrend in mortgage rates have driven big swings in the mortgage market. -Applications for refinancing collapsed.
Global| Jun 15 2021U.S. Business Inventories Edge Down as Expected in April
• Inventory gains appear to be stalling. • April business sales built on March gains. • Inventory-to-sales ratio continued to decline. Total business inventories edged down 0.2% (+1.3% y/y) during April reversing the 0.2% March rise. [...]
- Global| May 01 2020
An Employment Report Like No Other
Given the sudden dive in economic activity due to the COVID-19 pandemic, the April 2020 employment report will be both historic and eye-popping. The unemployment rate is likely to rise to its highest level since the Great Depression, [...]
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- Global| Apr 23 2020
Focus Should be on COVID-19 Active Cases, Not Confirmed Cases
Even though the media has put a spotlight on the rising number of confirmed COVID-19 cases in the United States, that is the wrong statistic to look at when trying to assess the risk of spread. Rather than the number of confirmed [...]
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- Global| Dec 23 2019
U.S. New Home Sales Gain in November, but from Revised Lower Levels
Sales of new single-family homes increased 1.3% m/m (+16.9% y/y) in November to 719,000 units SAAR. However, the November gain comes from levels that were revised sharply lower in both September and October. September sales were [...]
- Global| Dec 23 2019
U.S. New Home Sales Gain in November, but from Revised Lower Levels
Sales of new single-family homes increased 1.3% m/m (+16.9% y/y) in November to 719,000 units SAAR. However, the November gain comes from levels that were revised sharply lower in both September and October. September sales were [...]
- Global| Jul 03 2019
U.S. ISM Nonmanufacturing Index Slips; Prices Rebound
The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) dipped to 55.1 in June after rising to 56.9 in May. The Action Economics Forecast Survey had expected a slight deterioration to [...]
- Global| Jul 02 2019
U.S. Light Vehicle Sales Decline
The Autodata Corporation reported that sales of light vehicles during June edged down by 0.7% (up 0.3% y/y) to 17.28 million units (SAAR). Total vehicle sales have been moving sideways for the past four years at what the auto industry [...]
- Global| Jul 02 2019
U.S. Light Vehicle Sales Edge Down
The Autodata Corporation reported that sales of light vehicles during June edged down by 0.7% (up 0.3% y/y) to 17.28 million units (SAAR). Total vehicle sales have been moving sideways for the past four years at what the auto industry [...]
- Global| Jan 03 2019
U.S. Construction Spending Continues to Weaken
The value of construction put-in-place eased 0.1% (+4.9% y/y) during October......... The construction spending figures, some of which date back to 1946 (e.g., public construction figures), are in Haver's USECON database and the [...]
- Global| Dec 28 2018
U.S. Chicago Business Barometer Remains Robust
The Chicago Purchasing Managers Business Barometer remained at an elevated level of 65.4 in December after surging to 66.4 in November. Chicago Business Survey readings in the mid-60s are unusual and reflect a strong business climate. [...]
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