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DickLepre
Recent Activity
Durable Goods Orders (February 2017) - New Orders month/month +1.7%. Previous was +2.3% - New Orders year/year +5.0%. Previous was -0.1% - Ex-transportation month/month +0.4%. Previous was -0.2% - Ex-transportation year/year +4.6%. Previous was +2.7% - Core capital goods month/month... Continue reading
Posted yesterday at <!-- Mortgages -->
Initial Jobless Claims (week ended 3/18/2017) - New Claims seasonally adjusted 245 K 258.000. Previous was 243,000 - New Claims unadjusted, totaled 225,105 an increase of 2,878 from previous week - 4-week Moving Average seasonally adjusted 240,000. Previous was 239,000.... Continue reading
Posted 2 days ago at <!-- Mortgages -->
MBA Mortgage Applications (week ended 3/17/2017) - Purchase Index Week/Week. -2.0%. Previous weeks were +2.0%, +2.0%, +7.0%, -3.0%, -5.0%, +2.0%, -6.0%, +6.0%, -5.0%, +6.0%, -2.0%, +3.0%, and -3.0%. - Refinance Index Week/Week -3.0%. Previous weeks were +4.0%, +5.0%, +5.0%, -1.0%,... Continue reading
Posted 3 days ago at <!-- Mortgages -->
Redbook Chain Store Sales (week ended 3/18/2017) - Store Sales year/year +1.2%. Previous was +1.3%. This may not a good metric at present because it only compares stores with sales from the year before. Closed stores are not part of... Continue reading
Posted 4 days ago at <!-- Mortgages -->
Chicago Federal National Activity Index (February 2017) - Level 0.34. Previous was -0.02 - 3 Month Moving Average 0.25. Previous was +0.07 The data inside this is a bit weird. It shows employment up but spending down. This negatively impacts... Continue reading
Posted 5 days ago at <!-- Mortgages -->
Industrial Production (February 2017) - Production month/month +0.0%. Previous was -0.1% - Manufacturing month/month +0.5 %. Previous was +0.5% - Capacity Utilization Rate 75.4%. Previous was 75.5% IP included utility output and utility output in Jan. and Feb. was moderated... Continue reading
Posted Mar 17, 2017 at <!-- Mortgages -->
Housing Starts (February 2015) - Starts seasonally adjusted, annualized rate 1,288,000. Previous was 1,251,000 - Permits seasonally adjusted, annualized rate 1,213,000. Previous was 1,293,000 Single-family Starts were +6.5% month/month and +3.2% year/year. Apartments (5+ units were down.) Data on 2-4... Continue reading
Posted Mar 16, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 3/10/2017) - Purchase Index Week/Week +2.0%. Previous weeks were +2.0%, +7.0%, -3.0%, -5.0%, +2.0%, -6.0%, +6.0%, -5.0%, +6.0%, -2.0%, +3.0%, -3.0%, and +0.4%. - Refinance Index Week/Week +4.0%. Previous weeks were +5.0%, +5.0%, -1.0%, -3.0%,... Continue reading
Posted Mar 15, 2017 at <!-- Mortgages -->
PPI-FD (February 2017) - PPI-FD month/month +0.3%. Previous was +0.6% - PPI-FD year/year +2.2%. Previous was + 1.6% - PPI-FD less food & energy month/month +0.3%. Previous was +0.4% - PPI-FD less food & energy year/year change +1.5%. Previous was... Continue reading
Posted Mar 14, 2017 at <!-- Mortgages -->
Labor Market Conditions Index (February 2017) - LMCI +0.6. Previous was 13. This index is published by the Fed and is intended to be a broad (19 components) metric of the health of the labor market. It get much less... Continue reading
Posted Mar 13, 2017 at <!-- Mortgages -->
BLS Employment Situation Report (February 2017) - change 235,000. Previous was 238,000 (revised) - Unemployment Rate 4.7%. Previous was 4.8% - Private Payrolls month/month 227,000 Previous was 221,000 - Participation Rate 63.0%. Previous was 62.9% - Average Hourly Earnings month/month... Continue reading
Posted Mar 10, 2017 at <!-- Mortgages -->
Challenger Job-Cut Report (February 2017) - Announced Layoffs 36,957. Previous was 45,934 This is the week for jobs data and the Challenger Report is a forecast of future layoffs. One area we will likely see hit hard this year is... Continue reading
Posted Mar 9, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 3/3/2017) - Purchase Index Week/Week +2.0%. Previous weeks were +7.0%, -3.0%, -5.0%, +2.0%, -6.0%, +6.0%, -5.0%, +6.0%, -2.0%, +3.0%, -3.0%, +0.4%, and -0.2%. - Refinance Index Week/Week +5.0%. Previous weeks were +5.0%, -1.0%, -3.0%, +2.0%,... Continue reading
Posted Mar 8, 2017 at <!-- Mortgages -->
International Trade (January 2017) - Trade Deficit $48.5 billion. Previous was $44.3 billion. The trade deficit is something which the present administration seems obsessed with. None of the suggestions I have heard seem beneficial. Redbook Chain Store Sales (week ended... Continue reading
Posted Mar 7, 2017 at <!-- Mortgages -->
PMI Services Index (February 2017) - Level 53.8. Previous was 55.6. Shows growth but at a slower pace. ISM Non-Manufacturing Index (February 2017) - Composite Index 57.6. Previous was 56.5. Increasing growth. In general supply-side macroeconomic indicators have been strong. Continue reading
Posted Mar 3, 2017 at <!-- Mortgages -->
Jobless Claims (week ended 2/25/2017) - New Claims seasonally adjusted 223,000. Previous was 242,000 - New Claims unadjusted, totaled 213,114 a decrease of 26,208 from previous - 4-week Moving Average 234,250. Previous was 240,500. This is the lowest reading since... Continue reading
Posted Mar 2, 2017 at <!-- Mortgages -->
MBA Mortgage Applications (week ended 2/24/2017) - Purchase Index Week/Week +7.0%. Previous weeks were -3.0%., -5.0%, +2.0%, -6.0%, +6.0%, -5.0%, +6.0%, -2.0%, +3.0%, -3.0%, +0.4%, -0.2%, and +19.0%. - Refinance Index Week/Week +5.0%. Previous weeks were -1.0%, -3.0%, +2.0%, -1.0%,... Continue reading
Posted Mar 1, 2017 at <!-- Mortgages -->
GDP (2nd Estimate 4thQ2016) - Real GDP quarter/quarter +1.9%. Previous was +1.9% - GDP Price Index +2.0%. Previous was +2.1%. GDP growth remains weak. Concern should really redirected to the ratio of government debt/GDP which is now more than 105%.... Continue reading
Posted Feb 28, 2017 at <!-- Mortgages -->
Durable Goods Orders (January 2017) - New Orders month/month +1.8%. Previous was -0.8% - New Orders year/year -0.6%. Previous was +1.3% - Ex-transportation month/month -0.2%. Previous was +0.9% - Ex-transportation year/year +2.4%. Previous was +4.1% - Core capital goods month/month... Continue reading
Posted Feb 27, 2017 at <!-- Mortgages -->
New Home Sales (January 2017) - New Home Sales seasonally adjusted, annualized rate 555,000. Previous was 535,000. These are ratified sales not closings. New Home Sales have been trending upward for four years. Consumer Sentiment (February 2017) - Sentiment Index... Continue reading
Posted Feb 24, 2017 at <!-- Mortgages -->
Initial Jobless Claims (week ended 2/18/2017) - New Claims seasonally adjusted 244,000. Previous was 238,000 - New Claims unadjusted, totaled 240,527 in the week ending February 18, a decrease of 5,359 from previous - 4-week Moving Average seasonally adjusted 241,000.... Continue reading
Posted Feb 23, 2017 at <!-- Mortgages -->
Redbook Chain Store Sales (week ended 2/18/2017) - Store Sales year/year +1.1%. Previous was +0.9%. Retail is showing a bit more strength. Existing Home Sales (January 2017) - Existing Home Sales seasonally adjusted, annualized rate 5,690,000. Previous was 5,510,000 -... Continue reading
Posted Feb 22, 2017 at <!-- Mortgages -->
The US $ and the World's Reserve Currency One of the reasons the U.S. dominates the world's economy is that the U.S. dollar is the world's reserve currency. The U.S. dollar gained status as the world's reserve currency consequent to... Continue reading
Posted Feb 21, 2017 at <!-- The Economy -->
PMI Manufacturing Index Flash (February 2017) - Level 54.3. Previous was 55.1. Lower but still growing. Domestic orders were strong while exports slowed. Continue reading
Posted Feb 21, 2017 at <!-- Mortgages -->
Leading Economic Indicators (January 2017) - Leading Indicators month/month +0.6%. Previous was +0.5% This is essentially a forecast, based on data, about the health of the economy in the next 3-6 months. This reading is relatively strong. Continue reading
Posted Feb 17, 2017 at <!-- Mortgages -->