10/29: MetroIntelligence Economic Update by P. DUFFY

Consumer sentiment remains mostly flat at 95.5 in mid-month survey

In a late October survey, consumer sentiment was insignificantly below the mid-month level at 95.5 The overall level of consumer confidence has remained quite favorable and largely unchanged during the past few years.



Zillow trends report reveals typical buyers in 2019

According to Zillow’s Consumer Housing Trends Report 2019, the typical buyer is 43, white, college educated, married with children, and with a $75,000 household income.  Most home buyers are in the  Millennial to Baby Boomer generations, with Millennials the most likely to be first-time buyers.



National Activity Index broadly declined in September

Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in September from +0.15 in August. Three of the four broad categories of indicators that make up the index decreased from August, and all four categories made negative contributions to the index in September. The index’s three-month moving average, CFNAI-MA3, decreased to –0.24 in September from –0.06 in August.