Housing Archive

Existing Home Sales, Chicago Fed, Leading Indicators, KC Fed

Higher than expected, not directly a contributor to GDP or a measure of output. The change in fed mtg regs that caused the blip and mtgs and subsequent reversal needs to play out here as well: Existing Home Sales Highlights Existing home sales bounced back very strongly in September, up 4.7 percent ...Read More

Mtg Purchase Apps, Arch. Billings, Japan Exports, Bernie Article

After the up and down in front of the change in regulations new purchase apps are, so far, lower than before: Fits with the permit spike/decline story, and there was also this note: The multi-family residential market was negative for the eighth consecutive month – and this might be indicating a slowdown ...Read More

Housing Starts, Redbook Sales

The spike in permits in front of the June 15 expiration of a NY tax break is running it’s course, as permits continue to fall. Starts follow permits and will soon be tapering off as well: Housing Starts Highlights Starts, driven by a spike in multi-family units, came in much stronger than ...Read More

Home Buyer Index, China GDP

Builders are expecting improvement, but seems actual buyers walking in the door remains depressed: Housing Market Index Sales expectations in the next six months rose 7 points to 75, while current sales conditions rose 3 points to 70. Buyer traffic, however, didn’t move, sitting at 47— the only component still in negative ...Read More

Exports, Bank Revenues, Chips, Japan, Mtg Purchase Apps, Oil Comment

At U.S. Ports, Exports Are Coming Up Empty Oct 13 (WSJ) — In September, the Port of Long Beach Calif. handled 197,076 outbound empty boxes. September was the eighth straight month in which empty containers leaving Long Beach outnumbered those loaded with exports. Last month, however, Long Beach and the Port of ...Read More

Lux GDP, Iowa, PC shipments, Lumber Prices, Oil Prices

Even Luxembourg peaked after oil prices collapsed: Ag slowdown imperils state revenue By Donnelle Eller Oct 12 (Des Moines Register) — Money coming into Iowa’s government coffers was flat the first quarter of this fiscal year, raising concern about how big an effect the slowing farm economy could have on the state ...Read More

Capex Cuts, Mtg Purchase Apps

Volkswagen to Pare, Delay Capital Investments Oct 6 (WSJ) — Volkswagen AG plans to slash an €86 billion ($96 billion) investment plan and step up cost-cutting as it grapples with fallout from its emissions scandal, Chief Executive Matthias Müllersaid on Tuesday. Global Oil to Cut Spending by $130 Billion, OPEC Says Germany ...Read More

Trucking Tonnage, Earnings Per Share

ATA Truck Tonnage Index Fell 0.9% in August AAmerican Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index declined 0.9% in August, following a revised increase of 3.1% during July. In August, the index equaled 134.2 (2000=100), down from 135.3 in July. The all-time high of 135.8 was reached in January 2015. ...Read More

Personal Income, Pending Home Sales, Dallas Fed, China

Been almost a year, and still looks to me like the oil price collapse was an unambiguous negative for the US and global economies. And for the same reasons. For every buyer of oil who benefited, a seller of oil lost exactly that much. That leaves the drop in capex, as well ...Read More

Durable Goods Orders, Chicago Fed, KC Fed, Philly Fed State Indicator, Claims, New Home Sales

Weak capital goods expenditures and another report indicating weak exports: United States : Durable Goods Orders Highlights Transportation equipment, specifically aircraft orders, are once again skewing durable goods orders which fell 2.0 percent in August as expected. Excluding transportation, durable goods were unchanged which is slightly lower than expected. Weakness here in ...Read More