Archive for the ‘Fundamentals’ Category

Another Mediocre GDP

GDP (2nd Q2016) – Real GDP quarter/quarter seasonally adjusted, annualized  +1.42%. Previous estimate was +1.1% – GDP price index quarter/quarter seasonally adjusted, annualized  +2.3%. Previous was +2.3%. This is up +0.33% from BEA’s previous estimate and up +0.59% from the prior quarter. Real final sales of domestic products were +2.58%.  Fixed investments were down for […]

Durables flat after Strong July.

MBA Mortgage Applications (week ended 9/23/2016) – Purchase Index Week/Week +1.0%. Previous weeks were -7.0%, +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, and -3.0%. – Refinance Index Week/Week -2.0%. Previous weeks were -8.0%, +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, and +7.0%. – Composite Index Week/Week -0.7%. […]

Good News: Home Prices Flat.

Redbook Chain Store Sales (week ended 9/24/2016) – Store Sales year/year +0.2%. Previous was +0.2%   S&P Case-Shiller Home Price Index (July 2016) – 20-city, seasonally adjusted, month/month +0.0%. Previous was -0.1% – 20-city, not seasonally adjusted, month/month +0.6%. Previous was +0.8% – 20-city, not seasonally adjusted, year/year +5.0%. Previous was +5.1% Flat home prices […]

New Home Sales down for August.

New Home Sales (August 2016) – New Home Sales seasonally adjusted, annualized 609,000. Previous was 659,000 New Home Sales have been a plus in 2016 with builders finally gaining the confidence that they would sell homes they could build.   Dallas Federal Reserve Manufacturing Survey (September 2016) – Production Index 16.7. Previous was 4.5 – […]

Manufacturing Softens.

PMI Manufacturing Index Flash (September 2016) – Level 51.4. Previous was 52.1.   Atlanta Federal Reserve Business Inflation Expectations (September 2016) – Business Inflation Expectation % year/year 1.9%. Previous was 1.8%.

Jobless Claims Remain low but…

Initial Jobless Claims (week ended 9/17/2016) – New Claims seasonally adjusted 252,000. Previous was 260,000 – New Claims unadjusted, totaled 205,751 an increase of 12,460 from previous – 4-week Moving Average seasonally adjusted 258,500. Previous was 260,750. Initial Claims has remained near record lows but people getting laid off is not the largest part of the […]

Purchase Applications Fall.

MBA Mortgage Applications (week ended 9/16/2016) – Purchase Index Week/Week -7.0%. Previous weeks were +9.0%, +1.0%, +1.0%, -0.3%, -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, -3.0%, and -2.0%. – Refinance Index Week/Week -8.0%. Previous weeks were +2.0%, +1.0%, +4.0%, -3.0%, +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, +7.0%, and -1.0%. – Composite Index Week/Week -7.3%. […]

Housing Starts down.

Housing Starts (August 2016) – Starts seasonally adjusted, annualized 1,142,000. Previous was 1,212,000 – Permits seasonally adjusted, annualized 1,139,000. Previous was 1,144,000 We should have 1,500,000 Starts to keep pace with population growth and scrappage. We have not had that since December 2006. The decrease in Starts month/month was entirely in apartment buildings. Single-family and […]

Home Builders Optimistic.

Housing Market Index (September 2016) – Index 65. Previous was 59. This is a measurement of the optimism of home builders. This Index is produced by The National Association of Home Builders. This reading indicates strength.

CPI Increases.

Consumer Price Index (August 2016) – CPI month/month +0.2%. Previous was +0.0% – CPI year/year +1.1%. Previous was +0.8% – CPI core (less food & energy) month/month +0.3%. Previous was +0.1% – CPI core (less food & energy) year/year +2.3%. Previous was +2.2% CPI increased in August but I believe we will start to see […]

 
Processing your request...

 

 

Professional Basis Login

 

|

Retrieve Your Login Information

Please enter the email address associated with your Professional Basis account. Your login information will be sent at that address.

|