Commerce Department

How Personal Expenditures Per Capita Vary by State
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How Personal Expenditures Per Capita Vary by State

New Jersey residents spend twice as much on housing as West Virginians, and Alaska... More

Q2 Economic Mojo is Better Than Thought Earlier
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Q2 Economic Mojo is Better Than Thought Earlier

The U.S. economy rebounded more strongly than initially thought in the second... More

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Where Are the U.S.'s Biggest Spenders? Where Are the U.S.'s Biggest Spenders?

MarketWatch's Steve Goldstein reports from Commerce Department data on personal spending that people in Montana and Maine spend most of their personal income. More

Higher Prices on Staples Could Crimp Back-to-School Shopping
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Higher Prices on Staples Could Crimp Back-to-School Shopping

Wall Street Journal staffer Kathleen Madigan looks at Commerce Department and... More

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April New Home Sale Number Not Easy to Predict

Hanley Wood chief economist Jonathan Smoke discusses the forthcoming new residential sales data for April from the Commerce Department. Strong variation between markets and submarkets makes the numbers difficult to predict, although Smoke says 2014 will be the best year for new home sales since 2008. More

Chief Economists Highlight Q1 Housing Start Trends
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Chief Economists Highlight Q1 Housing Start Trends

Jonathan Smoke and Brad Hunter discuss today's data release for new residential... More

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New Home Sales Will March to New Highs Soon New Home Sales Will March to New Highs Soon

The Commerce Department's first preliminary read on New Homes Sales for March will be released at 10 A.M. this morning. However, Hanley Wood Chief Economist and Metrostudy Senior Vice President of National Research Jonathan Smoke doesn't need the numbers to speak to the state of housing in March: new home sales are indeed marching forward, and should be looking more positive on both a month-over-month and year-over-year basis. More

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Where there's Smoke, there's light

Here's Hanley Wood chief economist Jonathan Smoke's take on this morning's new-home sales data release from the U.S. Commerce Department. It's a dive below the headlines, beyond the government data gatherers, into the actual trenches where we can tell you what's going on. More

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Remember the recovery? It's back on again: starts pierce the 1 million mark one more time UPDATE Remember the recovery? It's back on again: starts pierce the 1 million mark one more time UPDATE

The Census Bureau spewed forth data that had been pent-up since the October government shutdown, and whoa, the news was favorable to believers in a steady recovery in 2013. Here's the start of what will be a morning full of updates in perspective and analysis of the housing starts and permits data, including commentary from Hanley Wood chief economist Jonathan Smoke, and Brad Hunter, Metrostudy's chief economist and director of consulting. Here's our take. Graphic with permission from Calculated Risk. More

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New Home Sales Up 20%

But leading housing data company says total new home starts will be slightly lower than predicted. More

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