Housing Still Weak.
MBA Purchase Applications (week ended 12/19/2014)
– Purchase Index Week/Week +1.0%. Previous weeks were -7.0%, +1.0%, +3.0%, -10.0%, +12.0%, +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, and +0.0%.
– Refinance Index Week/Week +1.0%. Previous weeks were +0.0%, +13.0%, -13%, -4.0%, -6.0%, -11.0% -6.0%, -7.0%, +23.0%, +11.0%, and +5.0%.
– Composite Index Week/Week +0.9%. Previous weeks were -3.3%, +7.3%, -7.3%, -4.3%, +4.9%, -0.9%, -2.6%, -6.6%, +11.6%, -5.6%, and +3.8%.
Initial Jobless Claims (week ended 12/20/2014)
– New Claims (seasonally adjusted) 280,000. Previous was 289,000
– New Claims unadjusted totaled 340,124 an increase of 12,297 from the previous week
– 4-week Moving Average (seasonally adjusted) 290,250. Previous was 298,750.