Opinions Uncensored

Weekly Initial Unemployment Claims decrease to 232,000

The DOL reported:In the week ending April 14, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 1,000 from the previous week's unrevised level of 233,000. The 4-week moving average was 231,250, an increase of 1,250 from the previous week's unrevised average of...

Thursday: Unemployment Claims, Philly Fed Mfg Survey

From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Higher as Bonds Suggest More Trouble AheadMortgage rates moved higher today as bond markets continued a mildly weaker trend for the month of April. Bonds (which underlie rates) are under pressure for a variety of reasons. The...

Housing Inventory Tracking

Update: Watching existing home "for sale" inventory is very helpful. As an example, the increase in inventory in late 2005 helped me call the top for housing.And the decrease in inventory eventually helped me correctly call the bottom for house prices in early 2012, see: The Housing Bottom is...

AIA: "Architecture billings remain positive in March"

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture billings remain positive in Marchhe American Institute of Architects (AIA) today reported that architecture firm billings rose for the sixth consecutive month in March,...

MBA: Mortgage Applications Increase in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2018. ... The Refinance...

Wednesday: Beige Book, Architecture Billings Index

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• During the day: The AIA's Architecture Billings Index for March (a leading indicator for commercial real estate).• At 2:00 PM, the Federal Reserve Beige...

Comments on March Housing Starts

Earlier: Housing Starts increased to 1.319 Million Annual Rate in MarchThe housing starts report released this morning showed starts were up 1.9% in March compared to February, and starts were up 10.9% year-over-year compared to March 2017.   The increase in starts was mostly due to the...

Industrial Production Increased 0.5% in March

Industrial production rose 0.5 percent in March after increasing 1.0 percent in February; the index advanced 4.5 percent at an annual rate for the first quarter as a whole. After having climbed 1.5 percent in February, manufacturing production edged up 0.1 percent in March. Mining output rose 1.0 percent, mostly as a result of gains in oil and gas extraction and in support activities for mining. The index for utilities jumped 3.0 percent after being suppressed in February by warmer-than-normal temperatures. At 107.2 percent of its 2012 average, total industrial...