Housing Tag

US Economic Data Round-Up

04 Dec, by Knowledge Leaders Team in Uncategorized

ADP payroll data surprised to the upside today (215k vs 185k expected). It was the highest reading so far this year. Perhaps most encouragingly the gain was lead by small businesses. ISM Non-Manufacturing survey came in slightly below expectations (53.9 vs 55.5 expected)....

Case-Shiller Home Price Index Gains Again

26 Nov, by Knowledge Leaders Team in Uncategorized

Case-Shiller Home Price Index rose 0.7% in September. Denver is now the most above pre-crisis levels while Las Vegas continues to lag the furthest behind. Based on existing home supply, we may soon see a leveling out of the year-over-year price gains....

The Most Interesting Charts From Today’s US Econ Releases

20 Nov, by Knowledge Leaders Team in Uncategorized

Mortgage apps and existing home sales both fell. Mortgage apps dropped 2.3% week-over-week while existing home sales it’s first 3-month decline since May 2011. The year-over-year change in the CPI fell to a four-year low. Other than the negative CPI prints in 2009, this is...

Housing Market Activity Picks Up In The Northeast

18 Nov, by Knowledge Leaders Team in Uncategorized

An under appreciated aspect of the rebound in the housing market has been the relative lack of a rebound in the Northeast. According to Case-Shiller, New York City has had the weakest rebound in prices from their lows of the twenty cities they track and...

US Mortgage Apps Fall Again

13 Nov, by Knowledge Leaders Team in Uncategorized

Mortgage Applications remain weak in the US. The move back up in rates recently would only seem to make this trend continue. US homebuilder stocks look like they will remain under pressure as well....

The most interesting charts from today’s US data releases

28 Oct, by Knowledge Leaders Team in Uncategorized

The Pending Home Sales Index has been running quite a bit hotter than the Existing Home Sales Index since late 2011. This month’s report cooled that trend somewhat. The Pending Home Sales Index surprised on the downside in September. The consensus expectation was for no...

US Econ Chart of the Day

16 Oct, by Knowledge Leaders Team in Uncategorized

The NAHB Housing Market Index ticket down from 57 to 55 in October. However, the index has shown a surprisingly strong negative correlation with the Unemployment Rate (Index goes up, Unemployment rate goes down). This relationship would suggest that the unemployment rate continues to fall...