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Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

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Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

Thursday:• At 8:30 AM, POSTPONED Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 216 thousand the previous week. • At 8:30 AM, the...
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Mortgages Rates: 30 Year Fixed at 4.5%

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Mortgages Rates: 30 Year Fixed at 4.5%

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Start the Week Mortgage rates held their ground today, keeping them in line with long-term lows achieved over the past 2 weeks. To be fair, it was the previous week that offered the biggest benefits, but last week was no slouch. Factoring out...
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Schedule for Week of January 13th

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Schedule for Week of January 13th

Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the retail sales and housing starts reports will not be released if the government remains shutdown.  (see bottom for key releases already delayed). The key reports this week are December housing starts...
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BLS: “Does the partial government shutdown impact BLS data or release dates?”

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BLS: “Does the partial government shutdown impact BLS data or release dates?”

Here a statement from the BLS: Does the partial government shutdown impact BLS data or release dates? Calculated Risk
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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

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Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada housing market slowed down in December, GLVAR housing statistics for December 2018 The recent cooling trend...
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The Impact of the Government Shutdown on the January Employment Report

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The Impact of the Government Shutdown on the January Employment Report

If the government shutdown continues through this coming week, then the unemployment rate in the January report will be negatively impacted. This is a key week since it is the reference week for the BLS report (contains the 12th of the month). If the shutdown continues through next weekend, Federal employees who are on...
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Comments on December Employment Report

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Comments on December Employment Report

The headline jobs number at 312 thousand for December was well above consensus expectations of 180 thousand, and the previous two months were revised up 58 thousand, combined. However, the unemployment rate increased to 3.9%. This was a strong report. Earlier: December Employment Report: 312,000 Jobs Added, 3.9% Unemployment Rate In December, the year-over-year...
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CoreLogic: House Prices up 5.1% Year-over-year in November

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CoreLogic: House Prices up 5.1% Year-over-year in November

Notes: This CoreLogic House Price Index report is for November. The recent Case-Shiller index release was for October. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic Reports November Home Prices Increased by 5.1 Percent Year Over Year CoreLogic® … today released the CoreLogic Home...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of December 30, 2018 Monday:• At 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for December. This is the last of regional manufacturing surveys for December. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 12 and DOW futures are up 130 (fair value). Oil prices were...
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Q4 GDP Forecasts: Mid 2s

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Q4 GDP Forecasts: Mid 2s

From Goldman Sachs: We also lowered our Q4 GDP tracking estimate by one tenth to +2.6% (qoq ar). emphasis added And from the Altanta Fed: GDPNow The GDPNow...
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