GDP 1stQ2014 2nd Assessment – Real GDP quarter/quarter -1.0%. Previous estimate was +0.1% – GDP price index quarter/quarter (seasonally adjusted, annualized) +1.3%. Previous was +1.3. 4thQ2013 GDP was +2.6%. Final sales of domestic goods in 1stQ2014 gained 0.6% after a 2.7% gain in 4thQ2014. This is important because it is the key datum describing how
May 2014
MBA Mortgage Applications (week ended 5/23/2014) – Purchase Index Week/Week -1.0% . Previous weeks were -3.0%, -1.0%, +9.0%, -4.0%, -3.0%, +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, and +9.0%. – Refinance Index Week/Week -1.0%. Previous weeks were +4.0%, +7.0%, +2.0%, -7.0%, -4.0%, +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -and 3.0%. – Composite Index Week/Week -1.2%. Previous weeks
Durable Goods Orders (April 2014) – New Orders month/month +0.8%. Previous was +3.6% – Ex-transportation month/month +0.1%. Previous was +2.9% FHFA House Price Index (March 2014) – Month/Month change +0.7%. Previous was +0.5%. This data is for homes purchased with FNMA or FHLMC loans. S&P Case-Shiller HPI (March 2014) – 20-city, seasonally adjusted, Month/Month +0.9%.
New Home Sales (April 2014) – New Home Sales (seasonally adjusted, annualized) 433,000. Previous was 407,000. The median sales price of new houses sold in April 2014 was $275,800; the average sales price was $320,100. The seasonally adjusted estimate of new houses for sale at the end of April was 192,000. This represents a supply
New Home Sales (April 2014) – New Home Sales (seasonally adjusted, annualized) 433,000. Previous was 407,000. The median sales price of new houses sold in April 2014 was $275,800; the average sales price was $320,100. The seasonally adjusted estimate of new houses for sale at the end of April was 192,000. This represents a supply
Jobless Claims (week ended 5/17/2014) – Initial Claims 326,000. Previous was 298,000 – 4-week Moving Average 322,500. Previous was 323,500. Chicago Federal Reserve National Activity Index – Index -0.32. Previous was +0.34. This is an index which attempts to get a measure on GDP. Whether the step backward is a one month thing or
Jobless Claims (week ended 5/17/2014) – Initial Claims 326,000. Previous was 298,000 – 4-week Moving Average 322,500. Previous was 323,500. Chicago Federal Reserve National Activity Index – Index -0.32. Previous was +0.34. This is an index which attempts to get a measure on GDP. Whether the step backward is a one month thing or
MBA Mortgage Applications (week ended 5/16/2014) – Purchase Index Week/Week -3.0%. Previous weeks were -1.0%, +9.0%, -4.0%, -3.0%, +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, and -4.0%. – Refinance Index Week/Week +4.0%. Previous weeks were +7.0%, +2.0%, -7.0%, -4.0%, +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, and +10.0%. – Composite Index Week/Week +0.9%. Previous weeks were
MBA Mortgage Applications (week ended 5/16/2014) – Purchase Index Week/Week -3.0%. Previous weeks were -1.0%, +9.0%, -4.0%, -3.0%, +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, and -4.0%. – Refinance Index Week/Week +4.0%. Previous weeks were +7.0%, +2.0%, -7.0%, -4.0%, +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, and +10.0%. – Composite Index Week/Week +0.9%. Previous weeks were
ICSC-Goldman Store Sales (week ended 5/17/2014) – Store Sales week/week -1.3%. Previous was -0.1% – Store Sales year/year +2.4%. Previous was +3.9% Redbook Store Sales (week ended 5/17/2014) – Store Sales year/year +3.9%. Previous was +4.2% The Consumer Metrics Daily Absolute Demand Index a near real time measure of online spending had been down since
ICSC-Goldman Store Sales (week ended 5/17/2014) – Store Sales week/week -1.3%. Previous was -0.1% – Store Sales year/year +2.4%. Previous was +3.9% Redbook Store Sales (week ended 5/17/2014) – Store Sales year/year +3.9%. Previous was +4.2% The Consumer Metrics Daily Absolute Demand Index a near real time measure of online spending had been down since
MBA Mortgage Applications (week ended 5/9/2014) – Purchase Index Week/Week -1.0%. Previous weeks were +9.0%, -4.0%, -3.0%, +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, -4.0%, and -6.0%. – Refinance Index Week/Week +7.0%. Previous weeks were +2.0%, -7.0%, -4.0%, +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, +10.0%, and -11.0%. – Composite Index Week/Week +3.6%. Previous weeks were
ICSC-Goldman Store Sales (week ended 5/10/2014) – Store Sales week/week -0.1%. Previous was -2.0% – Store Sales year/year +3.9%. Previous was +2.0% Redbook (week ended 5/10/2014) – Store Sales year/year +4.2%. Previous was +4.4%. Retail Sales (April 2014) – Retail Sales month/month +0.1%. Previous was +1.5% – Retail Sales less autos month/month +0.0%. Previous was
Wholesale Trade (April 2014) -Inventories month/month +1.1%. Previous was +0.7%. This is important because it is a GDP component. We had seen decreasing inventories as a response to consumer demand being less than anticipated. This represents increase business optimism but it is ultimately consumer spending which drives the entire economy. JOLTS (Job Openings and Labor
Initial Jobless Claims (May 3, 2014) – New Claims 319,000. Previous was 345,000 – 4-week Moving Average 324,750. Previous was 320,250
MBA Mortgage Applications (week ended 4/25/2014) – Purchase Index Week/Week +9.0%. Previous weeks were -4.0%, -3.0%, +1.0%, +3.0%, +1.0%, +3.0%, -1.0%, -1.0%, +9.0%, -4.0%, -6.0%, and -5.0%. – Refinance Index Week/Week +2.0%. Previous weeks were -7.0%, -4.0%, +7.0%, -5.0%, -3.0%, -8.0%, -1.0%, -3.0%, +10.0%, -11.0%, and -3.0%. – Composite Index Week/Week +5.3%. Previous weeks were
