Tuesday, November 15, 2016

Today is Tanta's Birthday! Wednesday: PPI, Industrial Production, Homebuilder Survey

by Bill McBride on 11/15/2016 07:30:00 PM

Happy Birthday T!

For new readers, Tanta was my co-blogger back in 2007 and 2008. She was a brilliant, writer - very funny - and a mortgage expert. Sadly, she passed away in 2008, and I like to celebrate her life on her birthday.

I strongly recommend Tanta's "The Compleat UberNerd" posts for an understanding of the mortgage industry. And here are many of her other posts.

On her passing, from the NY Times: Doris Dungey, Prescient Finance Blogger, Dies at 47, from the WaPo: Doris J. Dungey; Blogger Chronicled Mortgage Crisis, from me: Sad News: Tanta Passes Away

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, The Producer Price Index for October from the BLS. The consensus is for a 0.3% increase in prices, and a 0.2% increase in core PPI.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for October. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 75.4%.

• At 10:00 AM, The November NAHB homebuilder survey. The consensus is for a reading of  63, unchanged from 63 in October. Any number above 50 indicates that more builders view sales conditions as good than poor.