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