Author Hugo Dante

Hugo Dante

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.

Economy

Existing-home sales experienced a large rebound of 11.8 percent in February, to a seasonally adjusted annual rate of 5.51 million in February, according to the National Association of Realtors (NAR). This followed a 1.2 percent decrease in January. Sales are 1.8 percent below the February 2017 level. Lawrence Yun, NAR’s chief economist, credited a number

Economy

Producer prices rose 0.1 percent in February, seasonally adjusted, after falling 0.1 percent in January and December, according to the U.S. Bureau of Labor Statistics. Producer prices rose 1.9 percent on an un-adjusted basis for the twelve months ending in February. The index for final demand goods inched up 0.1 percent in February, following last

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 62 in March, the same level as February. Home builders report the market is stabilizing following the slowdown at the end of 2018, and they anticipate a solid spring home buying season. “The skilled worker shortage, lack of buildable lots and zoning

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