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Walter E. Williams: Blacks Must Face Reality

Excerpt: The Census Bureau pegs the poverty rate among blacks at 28.1 percent. A statistic that one never hears about is that the poverty rate among intact married black families has been in the single digits for more than two...

Hidden good news for the money-challenged young

The U.S. Census Bureau released a report the other day on Americans' wealth that seemed full of bad news. Middle-class wealth was down, and inequality — the gap between the top and everyone else — was up. Stereotypes seem confirmed. But wait. Buried in the bad news was some...

State Income Taxes Have Little Impact on Interstate Migration

From Michael Mazerov of the CBPP: More Evidence That State Income Taxes Have Little Impact on Interstate Migration: The New York Times’ Upshot blog has published a fascinating set of graphs of Census Bureau data on interstate migration patterns since...

Designing Mobile Homes for the New Wanderers

2 days agoArts : Hyperallergic

Homeownership has been on the decline in the United States, drifting down to 64.8% in the first quarter of 2014, per the Census Bureau's report earlier this year.

Soaring Aircraft Sales Boosted Durable Goods Orders in July, but Orders Were Soft Otherwise for the Month

The Census Bureau said that new durable goods orders soared in July, up a whopping 22.6 percent for the monthRead the Rest...

Fantasy at AP: Housing Has Had a 'Steady Rebound' Since the Recession Ended

Someone must have slipped the wrong data to the Associated Press's Josh Boak yesterday before he composed his dispatch on the Census Bureau's latest report on new home sales. Boak got the basics right, though likely by accident (like...Show More Summary

There's A Ton Of Big Economic Data Coming Out Today

Heads up! It's going to be a stacked day for economic data. Here are the 5 datapoints coming up, via Calculated Risk: • At 8:30 AM ET, Durable Goods Orders for July from the Census Bureau. The consensus is for a 5.1% increase in durable goods orders. Show More Summary

New Home Prices: 43% of Home over $300K, 8% under $150K

Here are two graphs I haven't posted for some time... As part of the new home sales report, the Census Bureau reported the number of homes sold by price and the average and median prices.From the Census Bureau: "The median sales price of new houses sold in July 2014 was $269,800; the average sales price was $339,100. Show More Summary

July New Home Sales Reflect Deteriorating Housing Market

By Dave Kranzler: The Census Bureau released its monthly new home sales report for July this morning. Despite higher inventory and historically low mortgage rates, the continuous downtrend for new home sales further confirms my thesis that housing market is entering its second leg of a long term bear market. Show More Summary

New Home Sales at 412,000 Annual Rate in July

The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 412 thousand. June sales were revised up from 406 thousand to 422 thousand, and May sales were revised up from 442 thousand to 454 thousand."Sales...Show More Summary

The state of America’s widening wealth gap

The Census Bureau released updated data this week on the net worth of American households, drawn from the Survey of Income and Program Participation. These totals reflect all assets including money in checking accounts, owned homes, rental properties, 401ks, stocks and vehicles, offset by liabilities like mortgages, student loans, and medical and credit card debt. […]

Distribution of Household Wealth in the U.S.: 2000 to 2011

Census Bureau, Distribution of Household Wealth in the U.S.: 2000 to 2011: Median household net worth decreased by $5,046, or 6.8 percent, between 2000 and 2011.... Between 2000 and 2011, experiences of households varied widely depending on their net worth quintile (See Figure 1). Median household net worth decreased...

The Stunning Charts Showing Just How Much Richer The Rich Have Gotten While The Poor Drown In Debt

The Fed's epic wealth redistribution scheme has gotten so simple, even a 5 year old Census Bureau employee gets it. In the latest Household Wealth report by the government agency, the Census found that for the period ended 2011 the rich got richer (and would get much richer in the subsequent 2.5 years), while the poor, i.e. Show More Summary

July Housing Starts Climb in U.S., Engage Cruise Control in Canada

U.S. total housing starts in July, at 1.093 million units seasonally adjusted and annualized (SAAR), climbed to their second highest level since the Great Recession, according to a joint press release from the Census Bureau and the Department of Housing and Urban Development (HUD).

Housing Starts Rebounded in July to Their Second-Highest Pace since the Recession

The Census Bureau and the U.S. Department of Housing and Urban Development said that housing starts increased 15.7 percent inRead the Rest...

Housing Starts increase to 1.093 million Annual Rate in July

From the Census Bureau: Permits, Starts and CompletionsHousing Starts:Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1,093,000. This is 15.7 percent above the revised June estimate of 945,000 andShow More Summary

Repeat: U.S. Population by Age and Distribution, 1900 through 2060

Repeat: Here are graphs of the U.S population by age and distribution, from 1900 through 2060. The population data and estimates are from the Census Bureau (actual through 2010 and projections through 2060). There are many interesting...Show More Summary

Retail Sales In The US Have Been A Total Head-Scratcher (XRT, DIA, SPX, SPY, QQQ, WMT, KATE, M, TCS, FDO, BOBE, KORS)

Retail sales went nowhere in July. The latest release from the Census Bureau showed that in July retail sales were flat. Expectations were for sales to increase 0.2%. Ian Shepherdson at Pantheon Macroeconomics said the report was "aShow More Summary

Retail Sales Flatlined in July; AP Deadpans That Americans With No Money 'Are Hesitant to Spend'

This morning, the Census Bureau, in its advance report on retail sales, revealed that seasonally adjusted July sales were "virtually unchanged" from June. Expectations were for a 0.2 percent gain, supposedly with "solid upside" potential. Show More Summary

The Inequality Debate Ignores How Incomes Change Over the Life Cycle

Income data from the IRS and the Census Bureau have their uses, but measuring equality isn’t one of them. This is because income data lacks context. A single year snapshot of income data misses how income fluctuates significantly over the course of an individual’s life. Show More Summary

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