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October 26, 2011

Durable Goods Orders (September)


New Orders - Month/Month -0.8 %
Ex-transportation - Month/Month  1.7 %


It is possible that this indicates that the GDP gains in 3rdQ will not be matched by the 4thQ.  The flattening of the leading Consumer Metrics data is still there.


Housing


New Home Sales -  (seasonally adjusted annual rate) 313,000.  Previous was 295,000.  Consensus was 302,000.


MBA Mortgage Applications


The is week/week data and the previous week had a holiday making this data of minimal value.
 
Purchase Index - Week/Week +6.4 %
Refinance Index - Week/Week  +4.4 %
Composite Index - Week/Week  +4.9 %

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