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Case Shiller Home Price IndexThe annual price change for houses from Oct 2022 to Oct 2023 is 4.8%. Though the monthly price increases are slowing, the annual inflation rate will continue to rise because of the disinflation at the end of 2022. The max benefit of falling prices was Jan 2023, so expect the annual inflation rate for house prices to continue to rise until the Jan 2024 release scheduled for March 26, 2024. Unless prices start falling, annual price increases will be above 6% on that release date. 
Initial Jobless ClaimsInitial claims ticked up to 218,000 but still at levels that do not cause concern. With the exception of the 3rd week in November, continuing claims are at their highest level in the last 2 years. 
Chicago PMIAfter a surprisingly good November reading of 55.8, December’s print disappointed and is back into contractionary levels at 46.9. Looking back we certainly have seen strength throughout 2023 relative to the November 2022 low.
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