9/17: MetroIntelligence Economic Update by P. DUFFY

August retail sales rose 0.4 percent from July and 4.1 percent year-on-year

Due to a boost in online retailing and car sales, overall August retail sales edged up 0.4 percent from July and rose 4.1 percent year-on-year.  The biggest boosts year-over-year were for non-store retailers (up 16.0 percent) and car sales and parts (up 6.8 percent).



Consumer sentiment rebounds to 92.0 in early September survey

Consumer sentiment posted a small rebound to 92.0 from the sharp August decline, marking the third lowest level since Trump’s election. While a recession is not anticipated in the year ahead, neither is resurgence in personal consumption. The outlook for consumption is for a slower but positive growth, keeping the expansion going for another year.



CoreLogic: July home prices rose 0.5 percent from June and 3.6 percent year-on-year

According to CoreLogic, July home prices increased nationally by 0.5 percent from June, and were up 3.6 year-on-year.  The CoreLogic HPI Forecast is predicting annual price growth increasing by 5.4 percent by July 2020.