Housing Still Climbing

Hot of the press release:

“NEW YORK, January 31, 2017 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for November 2016 shows that home prices continued their rise across the country over the last 12 months. More than 27 years of history for these data series is available, and can be accessed in full by going to www.homeprice.spdji.com. Additional content on the housing market can also be found on S&P Dow Jones Indices’ housing blog: www.housingviews.com. 
 
YEAR-OVER-YEAR  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.6% annual gain in November, up from 5.5% last month. The 10-City Composite posted a 4.5% annual increase, up from 4.3% the previous month. The 20-City Composite reported a year-over-year gain of 5.3%, up from 5.1% in October. 
 
Seattle, Portland, and Denver reported the highest year-over-year gains among the 20 cities over each of the last 10 months. In November, Seattle led the way with a 10.4% year-over-year price increase, followed by Portland with 10.1%, and Denver with an 8.7% increase. Eight cities reported greater price increases in the year ending November 2016 versus the year ending October 2016.  
 
MONTH-OVER-MONTH Before seasonal adjustment, the National Index posted a month-over-month gain of 0.2% in November. Both the 10-City Composite and the 20-City Composite posted 0.2% increases in November. After seasonal adjustment, the National Index recorded a 0.8% month-over-month increase, while both the 10-City and 20-City Composites each reported 0.9% month-over-month increases. Ten of 20 cities reported increases in November before seasonal adjustment; after seasonal adjustment, all 20 cities saw prices rise.
 
ANALYSIS “With the S&P CoreLogic Case-Shiller National Home Price Index rising at about 5.5% annual rate over the last two-and-a-half years and having reached a new all-time high recently, one can argue that housing has recovered from the boom-bust cycle that began a dozen years ago,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The recovery has been supported by a few economic factors: low interest rates, falling unemployment, and consistent gains in per-capita disposable personal income. Thirty-year fixed rate mortgages dropped under 4.5% in 2011 and have only recently shown hints of rising above that level. The unemployment rate at 4.7% is close to the Fed’s full employment target. Inflation adjusted per capita personal disposable income has risen at about a 2.5% annual rate for 30 months. 

And to put a picture to it:

image
 

Futures still down 35’ish, so some follow-through selling likely at the open.

Trumpsteria: Bye Sally, Monetizing Trump

It’s getting to be almost laughable: Our schools in America must suck, though, since no one seems to understand how power works (and is shared) here.

Take the firing of acting attorney general Sally Yates. She earned her “You’re fired!” this week for failing to comprehend that 1) since she worked for the Executive Branch 2) She doesn’t get to go against the Boss so 3) She gets fired.

I have to give high marks to the National Review for reminding those able to read, that “Staying on while undermining government policy is not an act of courage. It is an act of sabotage.”

For more focused insight, we turn to Dilbert. Or, more precisely, Dilbert’s creator Scott Adams who – when not inking the truth of the cubicles – has some of the keenest political insight out there. Better than anything in the MainStream Media and better than 99% of what’s in MeshMedia.

I would seriously suggest you read his column “The Persuasion Filter and Immigration” over here.

For those not following Scott’s razor wit, there seem to be two schools of thought about how Trump operates. Adams calls one view the “Lucky Hitler Filter” which is where the anti-Trump people come from. On the other side, theirs is the “Master Persuader Filter” which by Scott Adam’s reckoning (and I happen to agree) is a much better way to think about Trump.

If you’d taken the time to read The Art of the Deal, you’d understand that Trump usually makes outlandish, impossible, incomprehensible first moves and then, as things blow-up, he moves back to the middle of the negotiation-space and achieves the best possible deal.

Gotta say, Dilbert’s dad seems to know far more about the American body-politic than four MainStream networks that come to mind.

Still, there are enough of the “Lucky Hitler” believers, stoked and trolled by snide remarks from the spawn of Hillary, that they have become an easy mark for political money-raisers who are sending email after email out to millions of people.

As an example, the announcement of Trump’s Supreme Court pick this morning, has been turned into yet another shaking of the “money tree of the gullible” (a nicer term than “political f**ks”). You can see Scott Adam’s “Lucky Hitler Filter” in action as you read:

“Americans need to be able to trust that Supreme Court Justices will protect the most fundamental American freedoms. Trump, however, would like a justice who’s a rubber stamp for the kind of anti-constitutional actions that have dominated his administration’s first week in office.

We need $100,000 for our emergency Supreme Court campaign before Trump’s announcement — to be ready to fight his nominee from the very first minute.”

I suppose if they want to monetize Trump as a fund-raising strategy, that’s no worse than setting up a “family foundation” and shaking down foreign governments.

But could we at least be a little more forthright about where the money will go?

I read through the whole email and I couldn’t specificity as to what they needed a hundred-grand for. Except, of course, to send out more fund-raising emails?

There is trouble ahead for the political shakedown artists with word out of the White House today that Trump will enforce (*which means defend as we read over here) the LGBTQ workplace protections certainly should deflate a few of the “Lucky Hitler” believers.

Fortunately, it won’t, so we’ll hurriedly spend the rest of this morning pricing mailing lists so we, too, can gin up a “social justice cause” mass mailing and raise a bunch of money for beer.

Time is of the essence, though. Gotta shear the sheep before they begin to figure out Trump’s n not Hitler or the Anti-Christ.

Think $5 donations to “Stop Trump” would be too much of a shear of the ‘flakes?

Public Figures, Speaking Stupid Department

Hmmm… who to nominate for this morning’s award? Ah! Here we go! Headline in The Daily Beast:

James Cameron on the Trump Administration: ‘These People Are Insane’.”

Have you noticed lately the number of people who have some talent in one area (Madonna in music, for example or this fellow in film) who reveal their lack of depth when they venture into non-specialty areas where holding their tongues might be a better course of action?

America – for those blind to history – is a country that favors single issue public figures. Al Capone never transitioned to ballet, did he?

Works with products, too. I mean, you don’t choose a blender because it does a good job of rotating your tires, do you?

Of course not. Yet public figures get confused and think if they are good in one thing they surely must be great at ALL things.

I don’t think so. Cameron is an OK (better than) as filmster, but I didn’t vote for him for President. I doubt any sane person vote for Madonna for President, either. Yet when they speak…’mazing zhit, huh?

But there I go: Admitting I don’t have my “Lucky Hitler Filter” on. Apparently such filters can only be fitted on microphones and PanaFlex cameras.

Trump’s First Foreign Policy Problem

It’s been there ever since president Obama made the cash payoff to the mullahs in Tehran. But now that Iran has tested a ballistic missiles in violation of a UN Resolution, maybe some of the snowflakes will begin to understand something. (Beyond they’re being shaken-down by political opportunists …)

Whazzat?

Well, countries that are genuinely peaceful don’t run out and buy equipment to enrich uranium past fuel grade. They certainly don’t build ballistic missile with a range outside their own borders, do they?

So here we have (behold and look surprised!) Another terrible Obama/Clinton legacy for America to clean up. Leftovers from the last season of the “Professional Political Kick the Can Down the Road League.” (PPKCDRL)

Mad Dog…cue up the A-Teams in 3…2…..

[Damn! Are we having fun yet?]

Lurching Ahead

Off behind the headlines the FOMC is meeting and tomorrow afternoon we will have a rate decision.

Normally, I’d say something cynical like “Looks to me like the market sell-off is lobbying the Fed not to raise…” But you should be enough of a grown-up to see things this way without prompting.

Government Workers’ Rake It In!

Next out is the Employment Cost Index. Press release, please?

“Compensation costs for civilian workers increased 0.5 percent, seasonally adjusted, for the 3-month period ending in December 2016, the U.S. Bureau of Labor Statistics reported today. Wages and salaries (which make up about 70 percent of compensation costs) increased 0.5 percent, and benefits (which make up the remaining 30 percent of compensation) increased 0.4 percent. (See chart 1 and tables A, 1, 2, and 3.)

Civilian Workers

 Compensation costs for civilian workers increased 2.2 percent for the 12-month period ending in December 2016. In December 2015, compensation costs increased 2.0 percent. Wages and salaries increased 2.3 percent for the current 12-month period, and increased 2.1 percent for the 12-month period ending in December 2015. Benefit costs increased 2.1 percent for the 12-month period ending in December 2016. In December 2015, the increase was 1.7 percent. (See chart 2 and tables A, 4, 8, and 12.)

State and Local Government Workers Compensation costs for state and local government workers increased 2.4 percent for the 12-month period ending in December 2016. In December 2015, the increase was 2.5 percent. Wages and salaries increased 2.1 percent for the 12-month period ending in December 2016, higher than the December 2015 increase of 1.8 percent. Benefit costs increased 3.1 percent for the 12-month period ending in December 2016. The prior year’s increase was 3.5 percent. (See chart 5 and tables A, 7, 11, and 12.)

OK, ask yourself WHY is government making more of an income increase than CivWorkers?

And in a few minutes (around 8:15, or so Central) we’ll be back with the ever-popular and easy-to-dance-to Housing report from Case-Shiller, Standard and Poors, Dow Jones, CoreLogic and the guy wandering through delivering bagels.

Tomorrow is the ADP Employment (job creation) and Thursday we get the Challenger (jobs whacked) and then Friday we get the Employment Situation Report.

This one bears special attention because the January report each year contains the “Annual Confessional” that tells how (somewhat) how things really went.

Gold took a nice pop up – almost $10 bucks for a while in the pre-open, the Dow futures were pointing down 50’ish. Bitcoins, on the other hand were up $958 when I looked.

Sometimes, this last number (BTCs to USPaper) don’t make any sense. People tout BTCs as being robust, yet have haven’t seen one yet that would survive a massive long-term power outage or global EMP/Internet attack. I don’t mind BTCs, but when you think about it, they do depend on infrastructure and that, well, is vulnerable to say the least.

OK – Time to go fill out government job aps, so I too can get on the gravy train…

Comments

Housing Still Climbing — 36 Comments

  1. Americans again end up with the president that they deserve.

    Ask yourself why you tolerated a Muslim homosexual president with no legal standing to hold office for 8 years, with a transvestite First Lady. A Nobel peace prize winner who has dropped more bombs on other countries than any other president, devastated the countries economy with 98 million adults not working and 46 million on food stamps. Who allowed 45 million illegals to remain in the country, while undischargeable student loans exceeded the $1trillion number, destroying the lives of an entire generation. A president that broke every single campaign promise made during TWO presidential campaigns. This is in no way an indictment of Obama. It’s a call for Americans to take a real look at themselves.

    Really, ask yourself what benefit did you perceive you were getting while you tolerated this?

    • U have the delusional rantings of someone that typically has been institutionalized, and has had NO apparent success in treatment!
      If you are that angry and filled with vile, in the pure Ecuadorian environment–thank our, “soon to be speaking Mandarin” citizens, that you aren’t living in Houston!

      • Al – Trump agrees with the Muslim no legal standing to hold office parts. Our country is doomed because people hold opinions totally divorced from reality. So much of EE’s “opinion” is demonstrably wrong, but it would be impossible to convince EE otherwise.

        How can there be any sort of dialogue when one side truly “believes” that Michelle is a tranny or Obama is gay?

  2. The main problem as I see it is that we have invaded pretty much every country on the planet that has anything at all we want except, those with Nukes. Our lack of a true diplomacy is the real problem.

  3. George, I didn’t realize that this many libtards read Urban Survival. I hope they are prepping. There dreams are about to come true.

  4. Common knowledge.

    Top industry in the world.

    #1 Military

    ( BTW #2 Illegal drugs )

    No real upcoming technologies to monetize , so , when all else fails , lets go to War !!!

    #1 is quite a useful tool. The great equalizer. One country will not go down by itself. Rather , all go down equally with a global war. Great tool to grab assets , depopulate , corporations and goverments to take more control and the money gets shredded. Countries may not want WWIII , but probably feel they need it. New controls established. Globalization is a failure so….

    “HEY , that guy over there , the funny acting one , hes the reason the world is so F*****d. Go kill him !”

    It sucks , but what a business plan !!!

    Gorbachev ( ? ) recently said the world is gearing up for the next big one.

    …and oh yeah , everything , its all Trumps fault. REPEAT !
    ( see Jon and Mike , Im learning ! )

    Major Kong meet Dale Chiluly.

    • Amazing stuff that Big D continues to provide us. As he not only provides us with his “make me happy-self-fulfilling prophecy” based on, I’m almost certain– stats of a “humanistic directly related fact based researched and presented as proof of hypothesis” type research????
      Further the excellence of his research and prophetic dictum for “action of productive essence”–the D, has that gift of just plain “Wackiness”. I mean, how funny and “hard-hitting” is it when the guy can take the, once considered normalcy, of English words and simply by constructing revisions (libtards) of some words– he is, not only able to suppress and defeat any opposition to his superior theory’s, but they are just So Damn Witty!

  5. Not sarcasm exactly but in Reagan’s time, the press were told by insiders to wear red ties to attract REagan’s attention, rumor has it that the mass of people trust people wearing suits with blue genes,..the art of the con, would say what to red ties?????

  6. As a new collectors item,how much would 4.5 acres next to Trump State Park go for…..pending permits….

    • Forgot to mention sans permits the assessed value of 600,000 dollars pays a yearly tax of 45,000 dollars a year, which goes up yearly, and explains the creation of the state park itself….

  7. As Trump shuts down government websites ( the judicial branch is the latest), labels the media that call out his BS as liars, and shoots from the hip on the immigration fear mongering that he has created himself, he is recreating almost step by step, the teachings of Saul Alinsky.

    On immigration. We haven’t had a major attack since 911. And since then, we have done a pretty good job of keeping the terrorists out. The thing that bother me is that conservatives, Trump, Spicer and others, have talked about protecting ourselves from San Bernadino. First, the shooter was born in the US and was from Illinois. His fiancee, was most recently from Saudi Arabia, a country not on the list of countries banned.

    Spicer also mention Ft Hood. That one really is curious and he obviously is playing that card based on the ignorance of the Trump supporters that don’t know Ft Hood From Fort Courage from F Troop. That shooter was a U.S. Army major and psychiatrist. To label and lump these killers into a larger “Muslim” category is not only wrong but extremely illegal. If you are going to make that comparison, Then lets’ also ban all Christians too. Hundreds of Christian men and women have been convicted of serial killings. Don’t you Trump supporters understand what he is doing? Scott Adams does. George, for some reason, used him as an example. Is George trying to admit his mistake on judging Trump now? I sure hope so. His manipulation tactics are dangerous. His dictatorial style is frightening. He is Nero, Caligula, Draco, Nicolas Chauvin and Niccolo Machiavelli all rolled into one. I am sure banana has had a role in this strategy. Bottom line, Trump is a poser. He manipulates, but is also easily manipulated. Stroke his plastic hair and whisper nice things in his ear and he becomes jelly. Just like the matter that lies between his head to his feet.

    Here is the list of Christian serial killers. Not one of them is Muslim. Enjoy!

    https://en.wikipedia.org/wiki/List_of_serial_killers_in_the_United_States

    • A namjor type sort of I meant to write Bannon and it came out banana. Maybe spell check isn’t so dumb. One other thing though. Obama has killed over 30,000 terrorist during his reign in addition to wiping out Bin Laden, Faruq Qatani, Abu Muhammad Adnani, Hafiz Saeed Khan,Mullah Akhtar Mohammad Mansour, Rahman Mustafa Qaduli, Abu Nabil, Jihadi John’ Mohammed Emwazi, Muhsin Fadhli,Ali Awni Harzi, Mokhtar Belmokhtar, Adan Garar, Adam Gadahn, Hakimullah Mehsud, Maulvi Nazir. Ok I could on for hours. There are literally dozens more top leaders that were wiped out by Obama. These are all Al Queda, Islamic State, Taliban, Shabab, and other radical groups. So, why are we not safe? What are we really protecting ourselves from. These people were all killed in their respective hide-outs. They were not here. We have always had this under control. Trump is trying to make this HIS war. He will spin it to make it sound like he is the guy who made us safe. So far, he has made us much more vulnerable.

      • A perfect example of brainwashing. Keep it up, it is now getting entertaining. We need an entertainment commentator; good job!

  8. And to think my 500thousand dollar house in the bank has earned less than500 dollars a year for going on a decade…are you sure you and your real estate president are not believing. delusionary propaganda selec
    tively

    • And to think my $148,000 house is now worth, $365,000, in less than a decade…hmmm….

      • My cousins house has quadrupled in value from $400,000 in 1997 to $1.7 million today in California. I have a few homes that have doubled on both coasts. I don’t know where Mike is living, but it is obviously not in a metro with a pulse or any inkling of demand.

  9. George,
    On the issue of James Cameron’s statement about the Trump administration— Solomon said it much better than me in Proverbs 26:4—Do not answer a fool according to his folly, Lest you also be like him.

  10. Had we but voted for the other one, we’d be living “in peace and harmony and enjoy the benefits of democracy,” but some of us had voted for civil war, or so the MSM insinuates. How long till martial law will follow, because the opposing forces will not change their tune voluntarily. I’m not advocating ML, but I’ve experienced history in real terms, not just reading it. The forces against our present POTUS are just too enormous to be settled peacefully, JMHO. (Note also that it may throw a curve into a few stock market prognostication, perhaps?!)

    • Just a reminder – the start of the Bolshevik Revolution in Russia was 100 years ago Jan-Feb 1917!
      “The other one” is a Bolshevik Communist, and I’m convinced she wanted to be in office to RE-ENACT the centennial of that revolution, and Trump’s win screwed her out of her DESTINY!
      The useful idiots and fellow travelers on the far left are beside themselves and this is why they are unhinged.
      This is a very dangerous time indeed!

  11. Huey Long was a crook and a populist. He reportedly once told the voters that he admitted to being a crook, and that he would continue taking money from the government, but that he would be their crook, and, in return for what he took, would look after the needs of the little guy.

    • Yep and he also said Don’t blame me don’t blame thee blame the fellow behind the tree” and they have been doing it ever since…

  12. It is funny that you mention Scott Adams. He is the biggest Trump basher of them all. He was on Real Time with Bill Maher recently and quite eloquently explained how Trump is a master con. He was practically pleading for America to see this con mans game he is playing.

      • “If you want your president to solve only problems that have already happened in the past, we can ignore any potential climate change issues too. Human activity has never warmed the planet too much in the past, so why worry about it in the future? The point is that we try to stop problems before they happen, not after. Terrorism and climate change are similar in that one narrow way. They are both problems of the future, not the past. You can’t look to history to figure out how to solve either one of them. Dinosaurs didn’t drive cars and ISIS didn’t always have hobby-sized drones that can drop bombs.”

        You’ve got to quit playing that left-wing garbage in your head Jon and pay attention to what’s really going on. If I can learn something from Scott’s article so can you.

  13. Today it is not just the United States that is built on a foundation of war; nations around the world pour their resources into preparing for war, building billion dollar war machines, reinforcing polarizing “us and them” thinking at home, espousing the virtues of imperialism and endless “growth”, and promoting violent “intervention” as the only way to achieve it. But the United States is becoming the worst type of nation imaginable. It enacts increasingly anti-individual/pro-institutional domestic laws, and is home to the biggest prison population (and private prison industry) in the world. It employs the biggest military budget in the world (while scrimping on domestic social and infrastructure development), “preempts” wars with other nations and aggressively establishes military bases on their borders, all while maintaining its position as the world’s leading manufacturer of military weaponry.
    “Never forget that everything Hitler did in Germany was legal.” ~ Martin Luther King Jr.

    • Have been reading Scott Adams’s blogs for a year now. Considered has prediction that Trump would be elected to be nonsense, but after reading the blog and observing what is happening and comparing, have come to the conclusion Adams is very on target with a lot of his observations. A couple of days ago he wrote a fairly short blog about bow the Trump-as-Hitler crowd just might push things to where the govt has to crack down. I suspect this may be an actual strategy, remember the so-called protesters at the inauguration? The ones who came equipped with masks and helmets and started smashing and burning things? Suspect all those turning up so equipped was not a coincidence! PS I’m a former Democrat, changed to Unaffiliated about 4 years ago after taking a hard look at the political and government landscape.

      • Did they ever link the guns in musical instrument cases found in the park to the protestors or was that just stolen guns being stored for later sale?