The Index of Leading Indicators declined again in August… Over the last several months, the index seems to be fluctuating around a flat trend.
Virtually all the good news last week came in the housing sector… Single family starts were up 27% from a year ago and 6.6% from last month. Existing home… Median prices were up 9.6% from last year.
As for Arizona and Greater Phoenix, the news continues to be moderately positive… Greater Phoenix gained 47,550 jobs over the past year.