Robert Sheehan II

Robert Sheehan II's Posts

• Slow Recovery

  by Robert Sheehan II

  Confidence falters Consumer confidence fell for the third straight month in August to its lowest level since last November, according to The Conference Board. Leading economic indicators Down for the second straight month was The Conference Board's July Index of Economic Indicators. This reinforces the expectation for a limiting of the economic revival over the next several months Per capita disposable income A July drop in inflation-adjusted income marked the end of what had been a positive factor in the economy since May 2001.

• Mixed Signals

  by Robert Sheehan II

  Consumer confidence fell again in July, according to The Conference Board. Inflation-adjusted per capita disposable income rose at very strong annual growth rates of about 6% in May and June.

• Quick Recovery Not Likely for Remainder of Year

  by Robert Sheehan II

  More evidence of a less than vigorous recovery for the remainder of this year is apparent in the recent performance of The Conference Board's Index of Economic Indicators, which fell in April after being flat in February and March.

• Strong Showing

  by Robert Sheehan II

  The first quarter of 2002 showed gains in all categories that contribute to the NAHB's quarterly Remodeling Market Index (RMI).

• Slow But Sure Recovery

  by Robert Sheehan II

  The NAHB's Current Remodeling Market Index (RMI) of 45.0 was nearly the same as the 45.7 for the third quarter. Record existing home sales Existing home sales in January rose above a 6 million-unit annual rate for the first time in history, according to the National Association of Realtors. The median sales price of existing homes was $151,500 in January, 10% above a year ago.