Redbook Chain store Sales (week ended 4/21/2018)
- Store Sales year/year +2.6%. Previous was +3.0%
S&P Corelogic Case-Shiller Home Price Index (February 2018)
- 20-city, seasonally adjusted month/month +0.8%. Previous was +0.8%
- 20-city, not seasonally adjusted month/month +0.7%. Previous was +0.3%
- 20-city, not seasonally adjusted year/year +6.8%. Previous was +6.4%
As long as demand exceeds supply prices will increase. Not enough housing is being built where jobs are being created. This is painfully true in the San Francisco Bay Area.
FHFA House Price Index (February 2018)
- month/month +0.6%. Previous was +0.9%
- year/year 7.2%. Previous was +7.4%
This is a metric of homes purchased with conforming loans.
New Home Sales (March 2018)
- New Home Sales seasonally adjusted, annualized rate 694,000. Previous was 618,000
Consumer Confidence (April 2018)
- Consumer Confidence 128.7. Previous was 127.0
This is the metric from the survey taken by the Conference Board. It somewhat loosely tracks Retail Sales.
Richmond Federal Reserve Manufacturing Index (April 2019)
- Level -3. Previous was 16.
This is a regional metric.
MBA Mortgage Applications (week ended 4/20/2018)
- Purchase Index Week/Week +0.0%. Previous weeks were +6.0%, -2.0%, -2.0%, +3.0%, +1.0%, +3.0%, -1.0%, +6.0%, -6.0%, -6.0%, +0.0%, -3.0%, and +6.0%
- Refinance Index Week/Week -0.3%. Previous weeks were +4.0%, -2.0%, -5.0%, +7.0%, -5.0%, -2.0%, -2.0%, -1.0%, -7.0%, -2.0%, +1.0%, -3.0%, and +1.0%.
- Composite Index Week/Week -0.2%. Previous weeks were +4.9%, -1.9%, -3.3%, +4.8%, -1.1%, +0.9%, +0.3%, +2.7%, -6.6%, -4.1%, +0.7%, -2.6%, and +4.5%.
Posted at 07:18 AM in Daily Macroeconomic Commentary | Permalink | Comments (0)
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