Modestly Positive Week for Housing Fundamantals.

Existing Home Sales (December 2014)

- Existing Home Sales seasonally adjusted, annualized  5,040,000. Previous was 4,920,000

 

Leading Indicators  (December 2014)

- Leading Indicators month/month  +0.5% . Previous was +0.4%.

 

Chicago Federal Reserve National Activity Index  (December 2014)

- Level -0.05.
- 3 Month Moving Average  +0.39

 

 

PMI Manufacturing Index Flash  (January 2015)

- Level 53.7. Previous was 53.7.
 

Home Prices up.

Jobless Claims (week ended 1/17/2015) – New Claims (seasonally adjusted)  307,000. Previous was 317,000 – New Claims (unadjusted) totaled 380,934, a decrease of 148,530  from the previous week. – 4-week Moving Average (seasonally adjusted) 306,500 Previous was 300,000 FHFA House Price Index (November 2014) – month/month +0.8%. Previous was +0.6% – month/month +5.3%. Previous was […]

 

Wild Swings in Mortgage Applications.

MBA Mortgage Applications (week ended 1/16/2014) – Purchase Index Week/Week -3.0%. Previous weeks were +24.0%, -5.0%, +1.0%, -7.0%, +1.0%, +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, and -5.0%. – Refinance Index Week/Week +22.0%. Previous weeks were +66.0%, -12.0%, +1.0%, +0.0%, +13.0%, -13%, -4.0%, -6.0%, -11.0% -6.0%, and -7.0%. – Composite Index Week/Week +14.2%. Previous weeks were […]

 

Homebuilders Positive.

NAHB Housing Market Index (January 2015)   – Housing Market Index 57. Previous was 58. Any reading above 50 indicates growth. This is a survey index which asks homebuilders about present sales, sales expectations over the next 6 months, and foot traffic of prospective buyers.

 

Weak Retail Sales.

MBA Mortgage Applications (week ended 1/9/2014) – Purchase Index Week/Week +24.0%. Previous weeks were -5.0%, +1.0%, -7.0%, +1.0%, +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, and -1.0%. – Refinance Index Week/Week +66.0%. Previous weeks were -12.0%, +1.0%, +0.0%, +13.0%, -13%, -4.0%, -6.0%, -11.0% -6.0%, -7.0%, and +23.0%. – Composite Index Week/Week +49.1%. Previous weeks were […]

 

Pre-BLS Jobs Data.

Initial Jobless Claims (week ended 1/3/2015) – New Claims (seasonally adjusted)  294,000. Previous was 298,000 – New Claims unadjusted totaled 425,399 an increase of 35,581 from the previous week – 4-week Moving Average (seasonally adjusted)  290,500. Previous was 290,750 The large post-Christmas seasonal adjustments make it difficult to judge is this data is good or […]

 

Housing Remains Soft. Trade Deficit down.

MBA Mortgage Applications (week ended 1/2/2014) – Purchase Index Week/Week -5.0%. Previous weeks were +1.0%, -7.0%, +1.0%, +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, and +2.0%. – Refinance Index Week/Week -12.0%. Previous weeks were +1.0%, +0.0%, +13.0%, -13%, -4.0%, -6.0%, -11.0% -6.0%, -7.0%, +23.0%, and +11.0%. – Composite Index Week/Week -9.1%. Previous weeks were […]

 

Fundamentals Weaker. Treasuries Rally on Uncertainty.

Redbook Chain Store Sales (week ended 1/3/2015) – Store Sales year/year  +4.3%. Previous was +5.4%   PMI Services Index (December 2014) – Level 53.3. Previous was 56.2   Factory Orders (November 2014) – Factory Orders month/month  -0.7%, Previous was -0.7%   ISM Non-Manufacturing Index (December 2014) – Composite Index Composite Index   56.2. Previous was 59.3 […]

 

Modest Supply Side Softness

PMI Manufacturing Index (December 2014) – Index level 53.9. Previous was 54.8   ISM Manufacturing Index (December 2014) – Index level 55.5. Previous was 58.7   Construction Spending (November 2014) – Construction Spending month/month -0.3%. Previous was +1.2%.

 

Consumer Confidence up.

ICSC-Goldman Chain Store Sales (week ended 12/27/2014) – Store Sales week/week  0.0%. Previous was +3.4% – Store Sales year/year +2.2%. Previous was +3.1%   Redbook Chain Store Sales (week ended 12/27/2014) – Store Sales year/year +5.4%. Previous was +5.3%.   S&P Case-Shiller HPI (October 2014) – 20-city, seasonally adjusted month/month +0.8%. Previous was +0.2% – […]

 
 
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