Weekly Market update

Durable Goods The January Durable Goods report showed signs of softness in business investment. Headline Durable Goods Orders were flat for the month, coming in weaker than the 1.2% increase that was expected. Core Durable Goods Orders, which exclude defense spending and aircraft and provide a clearer picture of underlying business demand, were also flat. […]

BLS Jobs Report The latest report from the Bureau of Labor Statistics showed the labor market weakening more than expected in February. The economy lost 92,000 jobs, a much softer result than the 59,000 job losses economists were anticipating. Adding to the concern, prior months were revised lower by a combined 69,000 jobs. December, originally […]

Producer Price Index (PPI) January’s Producer Price Index came in hotter than expected, reinforcing the theme that inflation pressures are proving sticky. Headline PPI rose 0.5%, above the 0.3% forecast. On a year-over-year basis, inflation edged down slightly from 3.0% to 2.9%, but markets were expecting a cooler 2.6% reading. Core PPI — which strips […]

NAR Housing Wealth Update   Real estate doesn’t always get the credit it deserves as a long-term wealth-building asset—but the data makes the case. Nearly two-thirds of total U.S. household wealth is held in home equity, and home values have increased in 78 of the last 83 years. There’s a reason homeowners have 44 times […]

Producer Price Index (PPI)   The December Producer Price Index came in hotter than expected, with headline prices rising 0.5% versus estimates of 0.2%. On a year-over-year basis, PPI held at 3%, even though markets were looking for a pullback to 2.7%. Core PPI, which excludes food and energy, also surprised to the upside, rising […]

NAR Realtor Confidence Index The National Association of Realtors (NAR) released its Realtor Confidence Index for December, and the takeaway is straightforward: Realtors are increasingly confident that the first quarter of 2026 will be stronger than 2025. Here’s what the December data shows: Homes sold above list price: 16%, unchanged from last year Cancellations: 5%, […]

The Media Noise vs. the Real Housing Story The media is back at it again. ATTOM Data Solutions recently released an article with the headline, “U.S. Foreclosure Activity Increases in 2025.”That headline was quickly echoed by other outlets, including HousingWire, which added fuel to the fire with, “U.S. foreclosure filings rise 14% in 2025 as […]

BLS Jobs Report – Crestone Take   The Bureau of Labor Statistics released the December Jobs Report, showing just 50,000 jobs created. On top of that, prior months were revised meaningfully lower. November was revised down from 64,000 to 56,000 jobs (with one more revision still to come), and October was revised further into negative […]

Fed Minutes — Key Takeaways The Fed Minutes from the December 10 meeting were released yesterday afternoon and offered a clearer look at how policymakers are thinking as we head into the new year. Overall, the tone leaned dovish. Most Fed members indicated they would like to cut rates further if inflation continues to ease […]

GDP and Jobless Claims — What’s Really Going On Yesterday we walked through the first look at Q3 GDP, which came in at a strong 4.3% annualized growth rate. On the surface, that sounds like a booming economy—but it doesn’t line up with how things actually feel on the ground. That disconnect highlights some of […]