Archive for the ‘Fundamentals’ Category

Purchase Market Remains Soft.

MBA Mortgage Applications (week ended 8/15/2014)   – Purchase Index Week/Week -0.4%. Previous weeks were -1.0%, -1.0%. +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, and -1.0%. – Refinance Index Week/Week +3.0%. Previous weeks were -4.0%, +4.0%, -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, -1.0%, -13.0%, +11.0%, and -3.0%. – Composite Index Week/Week +1.4%. Previous weeks […]

Inflation (and just about everything else) Contained

Consumer Price Index (July 2014) – CPI overall month/month +0.1%. Previous was +0.3% – CPI overall year/year +2.0%. Previous was +2.1% – CPI core (less food & energy)  month/month +0.1%. Previous was +0.1% – CPI core (less food & energy) year/year +1.9%. Previous was +1.9%. Inflation remains contained as the Fed ponders when to start […]

Homebuilder Confidence Increases.

NAHB Housing Market Index (August 2014) – Housing Market Index  55. Previous was 53.0. In order to be in the business of Home Building one needs  large amount of confidence and positive mental attitude and these guys still have it.

Inflation Contained.

PPI-FD (July 2014) – PPI-FD month/month +0.1%. Previous was +0.4% – PPI-FD year/year   +1.7%. Previous was +1.9% – PPI-FD core (less food & energy) month/month +0.2%. Previous was +0.2% – PPI-FD core (less food & energy) year/year  +1.6%. Previous was +1.7% – PPI-FD less food, energy & trade services month/month +0.2%. Previous was  +0.2% – […]

Jobless Claims up but still low.

Initial Jobless Claims (week ended 8/8/2014) – Initial Claims 311,000. Previous was 290,000 – 4-week Moving Average 297,750. Previous was 293.750   Import & Export Prices  (July 2014) – Export Prices month/month +0.0%. Previous was -0.4% – Export Prices year/year +0.4%. Previous was +0.2% – Import Prices month/month -0.2%. Previous was -0.2% – Import Prices […]

Weak Jobs/Regulation Hurting Housing

MBA Mortgage Applications (week ended 8/8/2014)   – Purchase Index Week/Week -1.0%. Previous weeks were -1.0%. +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, and -3.0%. – Refinance Index Week/Week -4.0% . Previous weeks were +4.0%, -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, -1.0%, -13.0%, +11.0%, -3.0%, and -1.0%. – Composite Index Week/Week -2.7%. Previous […]

Job Openings up.

NFIB Small Business Optimism Index  (July 2014) – Optimism level 95.7.  Previous was 95.8. This is a survey index of small businesses.   ICSC-Goldman Store Sales (week ended 8/9/2014) – Store Sales week/week -1.4%. Previous was +0.2% – Store Sales year/year +3.2%. Previous was +4.5%   Redbook Store Sales (week ended 8/9/2014) – Store Sales […]

Housing Still Hurting

MBA Mortgage Applications (week ended 8/1/2014) – Purchase Index Week/Week -1.0%. Previous weeks were +0.2%, +0.3%, -8.0%, +4.0%, -1.0%, -1.0%. -5.2%, +9.0%, -4.0%, -1.0%, -3.0%, and -1.0%. – Refinance Index Week/Week +4.0% . Previous weeks were -4.0%, +4.0%, -0.1%, +0.4%, +0.1%, -1.0%, -13.0%, +11.0%, -3.0%,-1.0%, and +4.0%. – Composite Index Week/Week +1.6%. Previous weeks were  […]

GDP +1.8% (annualized) for 1st Half of 2014.

2ndQ2014 GDP – Real (inflation adjusted) GDP quarter/quarter +4.0%.  Previous was revised to -2.1%. If we chain those, we have 1.8% annualized growth for the first 6 months of 2014.  For 2011–2013, real GDP increased at an average annual rate of 2.0%; in the previously published estimates, real GDP had increased at an average annual […]

Flatter Home Prices.

There is a lot happening this week:  FOMC meeting starts today, 2ndQ2014 GDP tomorrow, BLS Employment Situation Report Friday. ICSC-Goldman Store Sales (week ended 7/26/2014) – Store Sales week/week +0.2%.  Previous was -0.4% – Store Sales year/year +4.6%. Previous was +2.8%. Redbook Store Sales (week ended 7/26/2014) – Store Sales year/year +3.0%. Previous was +3.7% […]

 
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