One of the indicators of a strong economy is a strong jobs market.

Another indicator of a strong economy is a strong real estate market

This week we received strong new home sales data and improving existing home sales data. When people are working full-time jobs they may feel like spending more money on housing and retail items. When fewer people are unemployed we generally see that more people are working. We received good information on the existing home inventory and average sales price. The Existing homes sales data were within expectations. Unemployment is near historic lows with historic employment during April/May. New home sales were good, period.

(May 21)  We set an April Average Sales Price record for exiting homes this month. Inventory increased month to month and April to April. We sold more units this April than we did during the month of April from 2008 through 2015. Did you hear the good news? "April Existing Home Average Sales Price Record" goes into the details

(May 23)  The weekly unemployment claims data is so good that it is actively being ignored. We had our seventh week this year with the non-seasonally adjusted first-time claims under 200,000 claims. Continuing claims fell. The insured unemployment rate is 1.07%. How good is this data? "First-time Claims Remain under 200,000 Claims" explains it.

(May 23)  New home sales create economic momentum. New construction requires retail sales, construction jobs, professional business jobs, and generates symbiotic service needs. "April New Home Sales jumped 8.9%" compared to last April. We saw a new April Average Sales Price record set. Every month this year has had more sales than the same month during 2018. Mean while the powers that be in the media we wringing their hands regarding a drop in the annualized sales (this happens "every" April.) Oh, the fact that we beat the projected annual rate of new home sales that was published last April for this April (673,000 versus 662,000) was ignored.

It is entirely possible that the powers that be are focusing on "impeachment" of President Trump to distract people from realizing that the economy is humming. The weekly claims data this week were collected close to the collection data for the May jobs report. This should bode well for the May Jobs Report. It also should be good for retail sales. It should be good for just about everything except those will critical Trump Derangement Syndrome.

Happy Memorial Day Weekend. Thank you for all who have served and given their lives in the name of the United States.