S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3 month average of June, July and August prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA...
Read more »
Wednesday:• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 9:00 AM: FHFA House Price Index for August 2018. This was originally a GSE only repeat sales, however there is also an expanded index. • At During the day: The AIA’s Architecture...
Read more »
Thursday:• At 8:15 AM, The ADP Employment Report for August. This report is for private payrolls only (no government). The consensus is for 150,000 payroll jobs added in August, down from 156,000 added in July. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 215 thousand...
Read more »
From Dodge Data Analytics: Dodge Momentum Index Falls in May The Dodge Momentum Index fell 1.0% in May to 141.0 (2000=100) from the revised April reading of 142.4. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which...
Read more »
The May ISM Non-manufacturing index was at 56.9%, up from 55.5% in April. The employment index increased to 58.1%, from 53.7%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: May 2019 Non-Manufacturing ISM Report On Business® Economic activity in the non-manufacturing sector grew in May for the 112th...
Read more »
From Dodge Data Analytics: Dodge Momentum Index Dips in April The Dodge Momentum Index fell 0.5% in April to 144.3 (2000=100) from the revised March reading of 145.1. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which...
Read more »
The National Multifamily Housing Council (NMHC) released their April report: April NMHC Quarterly Survey Highlights Continued Strength of the Apartment Market he apartment market showed signs of strengthening in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for April 2019. The Market Tightness (52), Equity Financing (53), and Debt Financing (81)...
Read more »
S&P/Case-Shiller released the monthly Home Price Indices for November (“October” is a 3 month average of September, October and November prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA...
Read more »
From Matthew Graham at Mortgage News Daily: Mortgage Rates Dodging Some Risk For Now As it happened, bonds staged a somewhat impressive recovery with help from investor concern about global growth. Oftentimes, a big loss in equities markets can send money running to the bond market where it benefits interest rates. This was the...
Read more »
CR Note: Most of this survey is noise, but there is some information, especially on the labor market and the “Single Most Important Problem”. From the National Federation of Independent Business (NFIB): October 2018 Report: Small Business Optimism Index The Optimism Index shed a modest 0.5 points, with slight declines in five components, no...
Read more »