Wednesday, May 23, 2018

Philly Fed: State Coincident Indexes increased in 45 states in April

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From the Philly Fed : The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for April 2018. Over ...

Black Knight: National Mortgage Delinquency Rate Decreased in April, Foreclosure Inventory Lowest since August 2006

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From Black Knight: Black Knight’s First Look: Mortgage Delinquencies Buck Upward Seasonal Trend in April, Fall to Second Lowest Point in 12 ...

FOMC Minutes: "A temporary period of inflation modestly above 2 percent would be consistent with inflation objective"

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Still on pace for 3 or 4 rate hikes in 2018.  Some excerpts: From the Fed: Minutes of the Federal Open Market Committee, May 1-2, 2018 : ...

A few Comments on April New Home Sales

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New home sales for April were reported at 662,000 on a seasonally adjusted annual rate basis (SAAR). This was below the consensus forecast,...

AIA: "Architecture Firm Billings Strengthen in April"

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Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Firm Billing...

New Home Sales decrease to 662,000 Annual Rate in April

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The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 662 thousand. The previous three mo...

MBA: Mortgage Applications Decrease in Latest Weekly Survey, Refi Index lowest since December 2000

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From the MBA: Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.6 percent from ...
Tuesday, May 22, 2018

Wednesday: New Home Sales, FOMC Minutes

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

FDIC: Fewer Problem banks, Residential REO Declined in Q1

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The FDIC released the Quarterly Banking Profile for Q1 today: Aggregate net income for the 5,606 FDIC-insured commercial banks and saving...

Existing Home Sales: Take the Under for April

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Housing economist Tom Lawler has been sending me his predictions of what the NAR will report for 8+ years.  The table below shows the consen...