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Posts Tagged ‘ February ’

Comments on February Existing Home Sales

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Comments on February Existing Home Sales

Earlier: NAR: Existing-Home Sales Increased to 5.51 million in February A few key points: 1) Seasonally February is one of the weakest months of the year for existing home sales (See Not Seasonally Adjusted NSA graph below).  Since existing home sales are counted at closing, these are properties that usually went under contract during...
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AIA: “Billings Moderate in February Following Robust New Year”

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AIA: “Billings Moderate in February Following Robust New Year”

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Billings Moderate in February Following Robust New Year rchitecture firm billings growth softened in February but remained positive, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI)...
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LA area Port Traffic Down Year-over-year in February

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LA area Port Traffic Down Year-over-year in February

Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long...
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Schedule for Week of February 24, 2019

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Schedule for Week of February 24, 2019

Some key catch up reports this week!  The key reports are Q4 GDP and December Housing Starts. Other key reports include Case-Shiller house prices, and Personal Income and Outlays for December, and Personal Income for January. For manufacturing, the February Dallas, Richmond and Kansas City manufacturing surveys will be released. Fed Chair Jerome Powell...
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Schedule for Week of February 17, 2019

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Schedule for Week of February 17, 2019

The key report this week is January existing home sales. For manufacturing, the February Philly Fed manufacturing survey will be released. —– Monday, Feb 18th —–All US markets will be closed in observance of Washington’s Birthday Holiday. —– Tuesday, Feb 19th —–10:00 AM: The February NAHB homebuilder survey. The consensus is for a reading...
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Schedule for Week of February 3, 2019

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Schedule for Week of February 3, 2019

Special Note on Government Opening: Now that the Government is open, some of the data releases that were postponed are starting to be released. The BEA and Census will provide further release dates soon (like for Q4 GDP). The key reports scheduled for this week are the trade deficit and January vehicle sales. —–...
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Fannie Mae: Mortgage Serious Delinquency rate decreased slightly in February

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Fannie Mae: Mortgage Serious Delinquency rate decreased slightly in February

Fannie Mae reported that the Single-Family Serious Delinquency rate decreased to 1.22% in February, down from 1.23% in January. The serious delinquency rate is up from 1.19% in February 2017. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  The Fannie Mae serious delinquency rate peaked in...
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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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Earlier: Philly and NY Fed Manufacturing Surveys Showed Growth in February

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Earlier: Philly and NY Fed Manufacturing Surveys Showed Growth in February

Earlier from the NY Fed: Empire State Manufacturing Survey Business activity continued to expand in New York State, according to firms responding to the February 2018 Empire State Manufacturing Survey. The headline general business conditions index fell five points to 13.1, suggesting a somewhat slower pace of growth than in January. … Labor market...
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Real House Prices and Price-to-Rent Ratio in February

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Real House Prices and Price-to-Rent Ratio in February

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in February It has been more than ten years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 2.1% above the previous bubble peak. However, in real terms,...
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