Conference Board/C-S

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Karim writes:

Conference Board survey weaker than expected

  • Falls back from 54.5 to 53.1 with both current conditions and future expex declining
  • Labor differential (Jobs plentiful less Jobs hard to get) falls from -40 to -43.6, near lows for year
  • Cash for clunkers runs its course as plans to buy an auto in next 6mths falls from 5.3 to 4.4, lowest since March
  • Plans to buy a home in next 6mths falls from 3.0 to 2.3

Case-Shiller rises 1.6% in July, 3rd monthly advance in a row.

  • Of note is the 3mth period through July 2008 were the best 3mths for home prices last year, so seasonals may be suspect
  • Also, foreclosures about to ramp up again, creating additional supply-link below has some good data/charts