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Posts Tagged ‘ home ’

A Few Comments on May Existing Home Sales

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A Few Comments on May Existing Home Sales

Earlier: NAR: “Existing-Home Sales Backpedal, Decrease 0.4 Percent in May” A few key points: 1) As usual, housing economist Tom Lawler’s forecast was closer to the NAR report than the consensus. See: Lawler: Early Read on Existing Home Sales in April.   The consensus was for sales of 5.56 million SAAR, Lawler estimated the...
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Monday: Existing Home Sales

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Monday: Existing Home Sales

Weekend:• Schedule for Week of Apr 22, 2018 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for March. This is a composite index of other data. • At 10:00 AM, Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 5.28 million SAAR, down from 5.54...
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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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Wednesday: GDP, Pending Home Sales, Chicago PMI

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Wednesday: GDP, Pending Home Sales, Chicago PMI

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Gross Domestic Product, 4th quarter 2017 (Second estimate). The consensus is that real GDP increased 2.5% annualized in Q4, down from the advance estimate of 2.6%. • 9:45 AM: Chicago...
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Monday: New Home Sales

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Monday: New Home Sales

Weekend:• Schedule for Week of Feb 25, 2018 Monday:• 8:30 AM ET, Chicago Fed National Activity Index for January. This is a composite index of other data. • 10:00 AM, New Home Sales for January from the Census Bureau. The consensus is for 600 thousand SAAR, down from 625 thousand in December. • 10:30...
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A few Comments on December New Home Sales

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A few Comments on December New Home Sales

New home sales for December were reported at 625,000 on a seasonally adjusted annual rate basis (SAAR). This was well below the consensus forecast, and the three previous months were revised down significantly. On an annual basis, sales were up 8.3% in 2017 compared to 2016.  This was a solid year-over-year gain. Here is...
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Wednesday: Durable Goods, Pending Home Sales

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Wednesday: Durable Goods, Pending Home Sales

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Durable Goods Orders for August from the Census Bureau. The consensus is for a 1.5% increase in durable goods orders. • At 10:00 AM, Pending Home Sales Index for August. The...
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Thursday: Unemployment Claims, Personal Income and Outlays, Chicago PMI, Pending Home Sales

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Thursday: Unemployment Claims, Personal Income and Outlays, Chicago PMI, Pending Home Sales

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 237 thousand initial claims, up from 234 thousand the previous week. Note: The report tomorrow will be for the week ending Aug 26th. Unemployment claims will increase over the next few weeks due to Hurricane Harvey....
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Wednesday: Existing Home Sales

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Wednesday: Existing Home Sales

From Matthew Graham at Mortgage News Daily: Rates Fall Slightly to Remain Near 8-Month Lows Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday.  This was neither here nor there for the mortgage world as most lenders didn’t adjust rates much higher yesterday (despite bond weakness).  Thus,...
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