Latest News and Economic Data
FHFA House Price Index Unchanged in January
Housing Update: FHFA House Price Index
The FHFA Index reflecting new home prices were unchanged in January, which was below the expectations for +0.4%
Prior results for comparison:
- Dec: +0.7%
- Nov: +0.7%
- Oct: -0.7%
- Sept: +0.9%
- August: -0.2%
- July: +0.8
- June: +0.9%
Weekly Jobless Claims Continue To Improve; Down 5K
Economic Update: Weekly Jobless Claims
Initial Claims for Unemployment Insurance for the week ending 3/17 fell 5,000 to 348K.
Read more...Eurozone Flash PMI's Remain Weak
Europe Update: Markit Manufacturing PMI Indices
The preliminary readings for March’s Markit Purchasing Managers Indexes (PMI) for Europe were updated today. Note that these are “flash” readings and are not the official PMI levels for each region. Here are the results:
Read more...Eurozone Industrial New Orders Decline
Europe Update: Eurozone Industrial New Orders
New Industrial Orders in the Eurozone fell by -3.3% in January on an annualized basis. This was below the consensus for a rate of -3.0% as well as December’s revised-0.4% rate (Nov: -2.5%, Oct: +1.5%).
Read more...Existing Home Sales Report Suggests Market Is Improving
Housing Update: Existing Home Sales
The National Association of Realtors reports that Existing Home Sales for the month of February fell by +4.3%. This marks the first decline in the past five months.
Read more...Investor's Intelligence: Bullish Sentiment Rising
Sentiment Update: Investor’s Intelligence Poll
Investor’s Intelligence reports that Bullish Sentiment rose to 48.4% from 43.6% last week.
Read more...Housing Starts and Building Permits Updated
Economic Update: Housing Starts and Building Permits
Housing Starts in February were reported at an annualized rate of 689K. This was below the consensus for 704K.
Read more...NAHB Homebuilder Confidence Index Holds Steady at Four-Year Highs
Economic Update: NAHB Homebuilder Confidence Index
The National Association of Home Builders Housing Market Index for March was unchanged at a reading of 28, which was below the estimates for a reading of 30.
Read more...University of Michigan Confidence Index Pulls Back in March
Economic Update: University of Michigan’s Consumer Sentiment Index
The preliminary reading for the University of Michigan’s Consumer Sentiment Index for March was reported at 74.3, which was well below the consensus for a reading of 76.1.
Read more...Industrial Production and Capacity Utilization Update
Economic Update: Industrial Production & Capacity Utilization
The Federal Reserve reported that U.S. Industrial Production for the month of February was unchanged, which was below the consensus for a rise of +0.4%.
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