Robert Hughes

Housing Permits Rise in October, Suggesting Support for Home Demand

“Housing permits rose in October, offering some evidence that demand for housing may remain elevated. Rising home prices and potentially higher mortgage rates may be headwinds for demand while elevated commodity costs may pressure homebuilder profits.” ~ Robert Hughes

October Industrial Output Posts Broad-based Gain

“Industrial output rebounded in October as the effects of Hurricane Ida faded and motor vehicle production jumped. It may take some time for materials shortages and logistical problems to be fully resolved, but October was a positive sign for the outlook.” – Robert Hughes

AIER’s Everyday Price Index Jumps 1.2 Percent in October

“AIER’s Everyday Price Index posted its eleventh consecutive increase in October on widespread gains. Price pressures remain elevated due to the lingering effects of the pandemic. As these effects fade, price pressures are likely to ease.” ~ Robert Hughes

AIER Leading Indicators Index Falls Again, Hitting the Neutral 50 Mark

“The AIER Leading Indicators index posted another drop in October, coming in at a neutral 50. The result suggests continued economic expansion, but ongoing labor difficulties, materials shortages, and logistical and transportation bottlenecks are sustaining upward pressure on prices.” – Robert Hughes