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Posts Tagged ‘ June ’

Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in June were up 6.5% year-over-year. 2) Active inventory is now down 10.2% year-over-year.  More inventory (a theme in most of 2014)...
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AAR: Rail Traffic increased in June

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AAR: Rail Traffic increased in June

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. U.S. rail traffic in June 2017 was a mix of the good and the not so good. The good included intermodal, which was up 4.6% in June and 2.7% (179,515 containers and trailers) for the year to date....
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Schedule for Week of June 25, 2017

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Schedule for Week of June 25, 2017

The key economic reports this week are Personal Income and Outlays for May, Case-Shiller house prices, and the third estimate of Q1 GDP. —– Monday, June 26th —–8:30 AM: Durable Goods Orders for May from the Census Bureau. The consensus is for a 0.4% decrease in durable goods orders. 8:30 AM: Chicago Fed National Activity Index...
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Schedule for Week of June 18, 2017

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Schedule for Week of June 18, 2017

The key economic reports this week are New and Existing Home sales for May. —– Monday, June 19th —–No major economic releases scheduled. —– Tuesday, June 20th —–No major economic releases scheduled. —– Wednesday, June 21st —–7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. 10:00...
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Schedule for Week of June 11, 2017

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Schedule for Week of June 11, 2017

The key economic reports this week are May Housing Starts, Retail Sales and the Consumer Price Index (CPI). For manufacturing, May industrial production, and the June New York, and Philly Fed manufacturing surveys, will be released this week. The FOMC meets this week and is expected to announce a 25bps increase in the Fed Funds rate. —– Monday,...
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Schedule for Week of June 4, 2017

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Schedule for Week of June 4, 2017

This will be a light week for economic data. On Thursday, the ECB meets and former FBI director James Comey is schedule to testify before the Senate intelligence committee. —– Monday, June 5th —–10:00 AM: the ISM non-Manufacturing Index for May. The consensus is for index to decrease to 57.0 from 57.5 in April. 10:00 AM...
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Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

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Freddie Mac: Mortgage Serious Delinquency rate declines in February, Lowest since June 2008

Freddie Mac reported that the Single-Family serious delinquency rate in February was at 0.98%, down from 0.99% in January.  Freddie’s rate is down from 1.26% in February 2016. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate since June 2008. These are mortgage loans that are...
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Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since July 2008

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Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since July 2008

Freddie Mac reported that the Single-Family serious delinquency rate decreased in June to 1.08% from 1.11% in May.  Freddie’s rate is down from 1.53% in June 2015. This is the lowest rate since July 2008. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are “three monthly payments...
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ISM Manufacturing index increased to 53.2 in June

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ISM Manufacturing index increased to 53.2 in June

The ISM manufacturing index indicated expansion for the fourth consecutive month in June, following five months of contraction. The PMI was at 53.2% in June, up from 51.3% in May. The employment index was at 50.4%, up from 49.2% in May, and the new orders index was at 57.0%, up from 55.7% in May....
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Schedule for Week of June 26, 2016

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Schedule for Week of June 26, 2016

The key economic reports this week are the third estimate of Q1 GDP,  May personal income and outlays, June vehicle sales, the June ISM manufacturing, and Case-Shiller House prices. —– Monday, June 27th —–10:30 AM ET: Dallas Fed Survey of Manufacturing Activity for June. —– Tuesday, June 28th —–8:30 AM ET: Gross Domestic Product,...
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