Regulations, Lack of Well-paying jobs Keep Housing Starts Low.

Chicago Federal Reserve National Activity Index (July 2014)

– Level 0.39. Previous was 0.21.

This is a weighted average of 85 previously released monthly indicators.

 

PMI Services Flash (August 2014)

– Level 58.5. Previous was 61.0.

 

New Home Sales (July 2012)

– New Home Sales (seasonally adjusted, annualized) 412,000. Previous was 422,000.

Government mandated tougher mortgage lending guidelines and a job market which is not producing jobs with incomes sufficient to buy homes will keep New Home Sales and Housing Starts low.

 

Dallas Federal Reserve Manufacturing Survey (August 2014)

– Business Activity Index 7.1 Previous was 12.7 – Production Index 6.8. Previous was 19.1