5/10: MetroIntelligence Economic Update by P. DUFFY

CoreLogic:  Home prices up 3.7 percent year-on-year, forecast to rise 4.8 percent over next year

According to CoreLogic, home prices increased nationally by 1.0% in March and 3.7% year over year.  Looking ahead, the CoreLogic HPI Forecast indicates home prices will begin to pick up and increase by 4.8% from March on a year-over-year basis.



Producer Price Index up 0.2 percent in April and 2.2 percent year-on-year

The Producer Price Index for final demand rose 0.2 percent in April, after advancing 0.6 percent in March and 0.1 percent in February, and was 2.2 percent year-on-year. The index for final demand less foods, energy, and trade services moved up 0.4 percent in April, and was up 2.2 percent year-on-year.



U.S. trade deficit rose 1.5 percent in March, but down 3.6 percent for 1Q19 year-on-year

The trade in goods and services rose 1.5 percent in March to $50.0 billion.  Year-to-date, the goods and services deficit decreased $5.8 billion, or 3.7 percent, from the same period in 2018. Exports increased $14.0 billion or 2.3 percent. Imports increased $8.2 billion or 1.1 percent.