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Posts Tagged ‘ Sales ’

Monday: Retail Sales, NY Fed Mfg Survey

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Monday: Retail Sales, NY Fed Mfg Survey

Weekend:• Schedule for Week of October 14, 2018 Monday:• At 8:30 AM ET: Retail sales for September will be released.  The consensus is for a 0.6% increase in retail sales. • At 8:30 AM ET: The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 19.3, up...
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A few Comments on August New Home Sales

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A few Comments on August New Home Sales

New home sales for August were reported at 629,000 on a seasonally adjusted annual rate basis (SAAR). This was close to the consensus forecast, however the three previous months were revised down significantly. Sales in August were up 12.7% year-over-year compared to August 2017.   This was strong YoY growth, however this was an...
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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg, Flow of Funds

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Thursday: Existing Home Sales, Unemployment Claims, Philly Fed Mfg, Flow of Funds

Note: The weekly claims report will be for the week ending September 15th. Hurricane Florence impacted the Carolinas starting around September 13th, so there might be some increase in claims due to the hurricane, but it is more likely a bump in claims will happen this week (to be reported next week). Thursday:• At...
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Friday: Retail Sales, Industrial Production

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Friday: Retail Sales, Industrial Production

Friday:• At 8:30 AM ET, Retail sales for August will be released.  The consensus is for a 0.4% increase in retail sales. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for August. The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to...
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Annual Vehicle Sales: On Pace to decline in 2018

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Annual Vehicle Sales: On Pace to decline in 2018

The BEA released their estimate of August vehicle sales. The BEA estimated sales of 16.596 million SAAR in August 2018 (Seasonally Adjusted Annual Rate), down 0.6% from the July sales rate, and up 0.9% from August 2017 (August was the weakest sales month last year due to the impact of the hurricanes). Through August,...
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Wednesday: Existing Home Sales, FOMC Minutes, BLS Benchmark Revision

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Wednesday: Existing Home Sales, FOMC Minutes, BLS Benchmark Revision

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • During the day, The AIA’s Architecture Billings Index for July (a leading indicator for commercial real estate). • At 10:00 AM, Existing Home Sales for July from the National Association of Realtors (NAR)....
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Wednesday: FOMC Announcement., ISM Mfg, ADP Employment, Construction Spending, Vehicle Sales

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Wednesday: FOMC Announcement., ISM Mfg, ADP Employment, Construction Spending, Vehicle Sales

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for July. This report is for private payrolls only (no government). The consensus is for 172,000 payroll jobs added in July, up from 177,000 added in...
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Tuesday: Vehicle Sales

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Tuesday: Vehicle Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher After Mid-Day Change Mortgage rates began the day in decent shape relative to last week. The average lender’s rate/fee combo was at least as low as it had been on Friday. As the day progressed, however, underlying bond markets continued to weaken. For...
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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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U.S. Light Vehicle Sales decrease to 16.9 million annual rate in May

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U.S. Light Vehicle Sales decrease to 16.9 million annual rate in May

Based on a preliminary estimate from AutoData, light vehicle sales were at a 16.9 million SAAR in May. That is up 1% year-over-year from April 2017, and down 1% from last month. Click on graph for larger image. This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for...
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