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Friday: New Home Sales, Durable Goods

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Friday: New Home Sales, Durable Goods

Friday:• At 8:30 AM ET, Durable Goods Orders for February from the Census Bureau. The consensus is for a 0.1.72% increase in durable goods orders. • At 10:00 AM, New Home Sales for February from the Census Bureau. The consensus is for 626 thousand SAAR, up from 593 thousand in January. • Also at...
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Wednesday: FOMC Announcement, Existing Home Sales

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Wednesday: FOMC Announcement, Existing Home Sales

Here is my FOMC preview and a preview from Goldman Sachs economists. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Existing Home Sales for February from the National Association of Realtors (NAR). The consensus is for 5.42 million...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of Mar 18, 2018 • Goldman: FOMC Preview Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 2, and DOW futures are down 20 (fair value). Oil prices were mixed over the last week with WTI futures at .16 per barrel and...
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Comments on February Housing Starts

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Comments on February Housing Starts

Earlier: Housing Starts decreased to 1.236 Million Annual Rate in February The housing starts report released this morning showed starts were down 7.0% in February compared to January, and starts were down 4.0% year-over-year compared to February 2017.   The decline in starts was due to the volatile multi-family sector.  Single family starts were...
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Atlanta Fed: GDPNow declines to 1.9% for Q1

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Atlanta Fed: GDPNow declines to 1.9% for Q1

From the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on March 14, down from 2.5 percent on March 9. After yesterday’s Consumer Price Index release from the U.S. Bureau of Labor Statistics and this morning’s retail sales...
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Schedule for Week of Mar 11, 2018

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Schedule for Week of Mar 11, 2018

The key economic reports this week are February Housing Starts, Retail Sales and the Consumer Price Index (CPI). For manufacturing, February industrial production, and the March New York, and Philly Fed manufacturing surveys, will be released this week. —– Monday, Mar 12th —–10:00 AM: State Employment and Unemployment (Monthly) for January 2018 —– Tuesday,...
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Weekly Initial Unemployment Claims increase to 231,000

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Weekly Initial Unemployment Claims increase to 231,000

The DOL reported: In the week ending March 3, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 21,000 from the previous week’s unrevised level of 210,000. The 4-week moving average was 222,500, an increase of 2,000 from the previous week’s unrevised average of 220,500. Claims taking procedures in Puerto...
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30 Year Mortgage Rates at 4.5% to 4.625%

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30 Year Mortgage Rates at 4.5% to 4.625%

From Matthew Graham at Mortgage News Daily: Mortgage Rates Start Strong, But End The Day Higher Mortgage rates ended higher today, after financial markets reacted to developments in last week’s tariff-related news. Last Thursday, stock prices and interest rates fell in response to the tariff announcement because investors figured it ran the risk of...
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Schedule for Week of Mar 4, 2018

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Schedule for Week of Mar 4, 2018

The key report this week is the February employment report on Friday. Other key indicators include the January Trade deficit, and the February ISM non-manufacturing index and the February ADP employment report. —– Monday, Mar 5th —–10:00 AM: the ISM non-Manufacturing Index for February. The consensus is for index to decrease to 58.8 from...
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Market Update

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Market Update

Friday:• At 10:00 AM, University of Michigan’s Consumer sentiment index (preliminary for February). The consensus is for a reading of 99.5, down from 99.9 in January. Click on graph for larger image. By request – following the market sell off today – here is a stock market graph. This graph shows the S&P 500...
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