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Posts Tagged ‘ June ’

NAHB: Builder Confidence Decreases to 68 in June

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NAHB: Builder Confidence Decreases to 68 in June

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 68 in June, down from 70 in May. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Slips Two Points as Lumber Prices Soar Builder confidence in the market for...
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NAHB: Builder Confidence Decreases to 68 in June

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NAHB: Builder Confidence Decreases to 68 in June

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 68 in June, down from 70 in May. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Slips Two Points as Lumber Prices Soar Builder confidence in the market for...
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Schedule for Week of June 17, 2018

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Schedule for Week of June 17, 2018

The key economic reports this week are May Housing Starts and Existing home sales. For manufacturing, the Philly Fed manufacturing survey will be released this week. —– Monday, June 18th —–10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of  70, unchanged from 70 in May. Any number above 50...
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Schedule for Week of June 10, 2018

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Schedule for Week of June 10, 2018

The key economic reports this week are the May Consumer Price Index (CPI) and Retail Sales. For manufacturing, May industrial production, and the June New York survey, will be released this week. The FOMC meets this week and is expected to raise the Fed Funds rate 25bps. —– Monday, June 11th —–No major economic...
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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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