Beyond Harmony – Banner
Hugo Naturals – Banner
Action Family Counseling – Banner
Patterson’s Collision Center – Banner
Union Bank – Banner
Simply Taylored – Banner
Newhall Land – Banner
AV Party Rental – Banner
Nothing Bundt Cakes – Banner
Adage IT – Banner
Brent’s Carpet One – Banner
Disco Fever – Banner
Green Convergence – Sun Power – Banner
Valencia United Methodist Church – Under God’s Sea – Banner
Facey – Banner
College Of The Canyons – Banner
Galpin Motors – Banner
All Americans Bail Bonds – Banner
Valencia United Methodist Church – Luau Lunch – Banner
Academy Swim Club – Banner
IHOP – Banner
Newhall School District – Public Hearing – Banner
It is forecast to be Clear at 7:00 PM PDT on May 03, 2015
Home » Santa Clarita News » SCV Your Home Inside And Out » Real Estate and Market Report for November 21, 2011

Real Estate and Market Report for November 21, 2011

By Fred Arnold


The 2 key words for the week are…“Improvement”, ”Contagion”.

“Improvement”: Surprisingly we had one of the best economic data weeks we have seen in a long time.  You may not be able to tell that by the behavior of the stock market.  I will explain exactly why that is in just later.

  1. The Producer Price Index shows for the first time in months that we are experiencing a decline in prices on the wholesale level.  The main contributor to the decline is lower energy costs. That is strange, it cost more to feed my car and my four kids?
  2. Retail Sales continue to gain ground although at a slightly slower pace than September.  Sales jumped .5% in October which was at the high end of expectations.  The increase in retail sales continues to demonstrate that consumers are out there spending money a bit beyond necessities.
  3. The manufacturing sector has reported that their latest assessment of business conditions is improving.  This latest assessment is the first time it has been in positive territory since May.
  4. Consumer Prices also decreased last month dropping .1%.  With wholesale and retail prices declining it reinforces the fact that inflation is not a concern or a threat to the economy at this time.
  5. Industrial Production also surged last month by .7% reflecting a strong rise in manufacturing output.
  6. The Housing Market Index, which is an indicator of how the National Association of Home Builders perceives market conditions for new home sales, increased for the second straight month.
  7. Housing Starts rebounded in September rising a sharp 15% after declining 7% last month.
  8. First Time Jobless Claims not only dropped from last week, it is also the 2nd consecutive week that claims are below 400,000.  (Actual number for last week is 388,000)

“Contagion”:  Despite almost all the economic news being positive this week, why is it that the stock market continues to decline? The answer is a simple one…”Contagion”.

Click here to get the weekly SCV Your Home Inside And Out Newsletters delivered right to your inbox!


“Contagion” is referencing the concern over what is happening in Europe with the debt crisis. More and more reports are coming out that they do not have an agreement or effective plan for containing the financial crisis.  It is this crisis which not only threatens Europe, but virtually all other major financial markets around the world.  The news regarding this crisis is day to day and it appears that we will be living with this “disease” for quite some time as no clear resolution is in sight.

Have a fabulous weekend and Thanksgiving week, let’s hope these interest rates stay low!

Real Estate and Market Report for November 21, 2011

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

About KHTS AM 1220

Action Family Counseling – News Banner
All American Bail Bonds – News Banner
Hugo Naturals – News Banner
AV Party Rental – News Banner
College Of The Canyons – News Banner
Academy Swim Club – News Banner
Beyond Harmony – News Banner
Wicall’s Carpet
Simply Taylored – Tile
Adage IT – Tile
Newhall School District – Public Hearing – Tile
Union Bank – Tile
Disco Fever – Tile