United States Tag

Are US Housing Prices About To Drop?

18 Feb, by Knowledge Leaders Team in Uncategorized

This morning the NAHB Housing Market Index showed a large 10-point drop in January. This is, in fact, the largest decline on record for the Housing Market Index. Traffic of  perspective buyers also had a large decline. The nine point decline in the traffic of...

US Mortgage Apps Remain Near 13-Year Lows

12 Feb, by Knowledge Leaders Team in Uncategorized

While 30-year fixed mortgage rates have dropped by about 30 bps to 4.55% after peaking at 4.86% in September of last year, it is somewhat troubling to see that mortgage applications are practically unchanged during this period. Meanwhile the number of real estate credit employes...

Small Businesses Still Not Feeling Optmistic

11 Feb, by Knowledge Leaders Team in Uncategorized

While many business surveys are rebound back to pre-2007 levels, one that is still mired in pessimism is the NFIB Small Business Survey. Small Business continue to feel much more depressed than in almost any time prior to 2007 as the index has not been...

PMI’s Indicate That GDP Remains On New Normal Track

05 Feb, by Knowledge Leaders Team in Uncategorized

The ISM Non-Manufacturing Survey came in at 54 for January, just above consensus of 53.9 and slightly higher than in December (53). On Monday, the ISM Manufacturing survey disappointed as it came in at 51.3 vs expectations of 56. We like to look at a...

US Pending Home Sales Falls Off A Cliff In December

30 Jan, by Knowledge Leaders Team in Uncategorized

Pending Home Sales Index fell by 8.7% month-over-month compared to expectations of only a -0.5% decline. Pending home sales have now dropped every month since making a four year high in May. Unfortunately, weakness was across the entire country. The West leads the way down...

House Price’s Losing Some Momemtum

28 Jan, by Knowledge Leaders Team in Uncategorized

The Case-Shiller Home Price Index reported home price statistics for November this morning. The report indicates that housing prices have lost some momentum two thirds of the way through the final quarter of 2013. For the first time since March, there were several cities that...

Herbalife – Look Out Below!

23 Jan, by Knowledge Leaders Team in Uncategorized

Herbalife is down 12% after Massachusetts Senator Edward Markey  asked the SEC and FTC for an investigation into Herbalife’s business practices. HLF is up over 240% over the past four years and 54% over the past year....

More Positive US Labor Data

09 Jan, by Knowledge Leaders Team in Uncategorized

On the heels of a solid ADP report yesterday, we had two more above average releases this morning. Initial jobless claims fell by 15,000 and the often watched four-week moving average dropped by almost 10,000. Challenger layoffs reported the lowest level of layoffs since June...

ADP Employment Report Rises To 13 Month High

08 Jan, by Knowledge Leaders Team in Uncategorized

ADP showed a monthly increase of 238,000 jobs in December. This was the largest gain since November 2012. Perhaps most importantly for the labor market the gain was led by small firms (1-49 employees) which hired about 108,000 people in December. This was the largest...

ISM Non-Manufacturing Orders Fall To 4 1/2 Year Low

06 Jan, by Knowledge Leaders Team in Uncategorized

While the headline ISM non-manufacturing number came just slightly below consensus (53 vs 54.8), the major news out of this report was new orders contracting for the first time since July 2009. In a mere four months, new orders have fallen from 60.5 to 49.4....