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Posts Tagged ‘ November ’

Schedule for Week of November 18, 2018

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Schedule for Week of November 18, 2018

The key economic reports this week are October Housing Starts and Existing Home Sales. Happy Thanksgiving! —– Monday, Nov 19th —–10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of  68, unchanged from 68. Any number above 50 indicates that more builders view sales conditions as good than poor. —–...
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Earlier: NY Fed Mfg “Solid”, Philly Fed Mfg “Slowed” in November

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Earlier: NY Fed Mfg “Solid”, Philly Fed Mfg “Slowed” in November

Earlier: From the NY Fed: Empire State Manufacturing Survey Business activity continued to grow at a solid clip in New York State, according to firms responding to the November 2018 Empire State Manufacturing Survey. The headline general business conditions index edged up two points to 23.3. …The index for number of employees moved up...
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Schedule for Week of November 11, 2018

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Schedule for Week of November 11, 2018

The key economic reports this week are October CPI and Retail Sales. For manufacturing, October industrial production, and the November New York, Philly and Kansas City Fed surveys, will be released this week. —– Monday, Nov 12th —–Veterans Day Holiday: Most banks will be closed in observance of Veterans Day. The stock market will...
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AAR: Rail Carloads decreased, Intermodal Solid in November

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AAR: Rail Carloads decreased, Intermodal Solid in November

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. In November 2017, like in October 2017, U.S. rail traffic had both a glass-is-half-empty and a glass-is-half-full feel to it. It’s half empty because total carloads were down 0.9% (11,442 carloads) in November, their fifth straight year-over-year monthly...
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Mortgage Rates Fall below 4%, Lowest since November 2016

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Mortgage Rates Fall below 4%, Lowest since November 2016

From Matthew Graham at Mortgage News Daily: Trump Administration Drama Pushing Rates Even Lower Mortgage rates fell yesterday in response to a tweet about Trump disbanding his councils of CEOs.  Twitter was in play again today.  This time around it was Gary Cohn, Trump’s economic advisor.  Rather, it was rumors of Cohn’s departure that sent financial...
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Fannie Mae: Mortgage Serious Delinquency rate increased in November

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Fannie Mae: Mortgage Serious Delinquency rate increased in November

Fannie Mae reported today that the Single-Family Serious Delinquency rate increased to 1.23% in November, up from 1.21% in October. The serious delinquency rate is down from 1.58% in November 2015. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  The Fannie Mae serious delinquency rate peaked...
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Zillow Forecast on Case-Shiller Index: “Expect a (Very) Modest Slowdown” in November

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Zillow Forecast on Case-Shiller Index: “Expect a (Very) Modest Slowdown” in November

The Case-Shiller house price indexes for October were released this morning. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close. From Zillow: November Case-Shiller Forecast: Expect a (Very) Modest Slowdown After several months in a row of accelerating growth in U.S. home prices, the...
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Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in November

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Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in November

Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in November. On distressed: The total “distressed” share is down year-over-year in all of these markets. Short sales and foreclosures are mostly down in these areas. The All Cash Share (last two columns) is mostly declining year-over-year....
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AIA: Architecture Billings Index indicates “small gain” in November

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AIA: Architecture Billings Index indicates “small gain” in November

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index ekes out another small gain Coming off a modest increase after two consecutive months of contraction, the Architecture Billings Index (ABI) recorded another small increase in demand for design services. As a leading...
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A Few Comments on November Existing Home Sales

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A Few Comments on November Existing Home Sales

Earlier: Existing Home Sales increased in November to 5.61 million SAAR Several key points: 1) The strong year-over-year increase was related to the implementation of the new TILA-RESPA Integrated Disclosure (TRID) in November 2015. Note: TILA: Truth in Lending Act, and RESPA: the Real Estate Settlement Procedures Act of 1974. The impact from TRID...
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