I receive bulletins from the Chief Economist at Comerica Bank, Robert Dye. A couple of the recent emails that pertain to the housing market indicate that home sales dipped 0.3 percent in September, while prices are down 3.5 percent from a year ago. The Consumer Price Index (CPI) gained 0.3 percent in September and is up 3.9 percent for the year. September 2011 housing starts were up a hearty 15 percent to a 658,000 unit pace, but this is judged as ‘not sustainable’. This data is a compilation for the nation and the report was subtitled, “More of the same, No Breakout, No Backslide.”
If you’d like to subscribe to these periodic emails, visit the page at http://www.comerica.com/economics, then follow the link titled, “Subscribe to Newsletter.”
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