United States Tag

US House Prices Rise In February

02 Apr, by Knowledge Leaders Team in Uncategorized

The latest data out for US house prices show an increase in February according to CoreLogic. Both including and excluding distressed sales, house prices rose in February after stagnating in the latter half of 2013.  Meanwhile, mortgage applications for both purchasing and refinancing remain at...

Chicago PMI Misses, Texas Manufacturing Survey Beats In March

31 Mar, by Knowledge Leaders Team in Uncategorized

We had two regional manufacturing surveys released today: Chicago PMI and the Dallas Fed’s Texas Manufacturing Survey. Consensus estimates had expected the Chicago PMI to come in at 59 instead the headline index came in at 55.9 for the slowest reading since August. The Texas...

US Housing Round-Up

25 Mar, by Knowledge Leaders Team in Uncategorized

We had three US housing related economic releases today: FHFA House Price Index, S&P Case-Shiller, and new home sales. The two price series both slightly beat consensus while new home sales came in exactly at consensus. FHFA house price increased by 7.4% year-over-year in January...

US Existing Home Sales Decline For The 6th Time In 7 Months

20 Mar, by Knowledge Leaders Team in Uncategorized

Existing home sales fell to 4.6 million homes in February which is the lowest level since July 2012. Existing home sales are now down over 7% year-over-year. The weakness this month was centered in the Midwest and Northeast. The South and West regions both saw...

US Small Businesses Feeling Bummed Out

11 Mar, by Knowledge Leaders Team in Uncategorized

US small businesses can’t break out of the malaise they have felt since the great recession hit. The headline of the small business survey fell from 94 to 91.4 in February (vs expectations of 94)....

NYSE Margin Debt Rises (Again) To An All-Time High

28 Feb, by Knowledge Leaders Team in Uncategorized

Margin debt in NYSE accounts increased again in January to an all-time high. This series tends to top out before major market corrections occur. Margin debt is now at an all-time has a percentage of total market capitalization....

US Home Prices Losing Momentum

25 Feb, by Knowledge Leaders Team in Uncategorized

The Case-Shiller Home Price Index has now had back to back monthly declines for the first time since Oct-Nov 2012. Granted the declines were small but we are seeing other evidence that housing prices lost some momentum at the end of last year....

Another Disappointing US Housing Data Release

21 Feb, by Knowledge Leaders Team in Uncategorized

Existing home sales fell by -5.1% month-over-month in January. Existing home sales have now declined five of the past six months are now down on a year-over-year basis (5.13%). Mean and average prices, however, remain higher on a year-over-year basis (8.8% and 10.7%, respectively)....