ECONOMIC UPDATES
Tuesday, June 28
Last Week in the News Retail sales fell 0.7% for the week ending June 18, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.2%. Existing home sales fell 3.8% in May to a seasonally adjusted annual rate of 4.81 million units from a rev...
ECONOMIC UPDATES
Monday, June 20
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending June 10 rose 13%. Refinancing applications increased 16.5%. Purchase volume rose 4.5%.Retail sales fell 0.2% to $387.1 billion in May after a revised...
ECONOMIC UPDATES
Monday, June 13
Last Week in the News Retail sales rose 0.4% for the week ending June 4, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.5%. The trade deficit decreased 6.7% to $43.7 billion in April from a revised $46.8 billion in March. Exports...
ECONOMIC UPDATES
Sunday, June 05
Last Week in the News New home sales rose 7.3% in April to a seasonally adjusted annual rate of 323,000 units from an upwardly revised rate of 301,000 units in March. Economists had expected a pace of 300,000 units in April. The Mortgage Bankers Association said its seasonally adjusted compos...
ECONOMIC UPDATES
Monday, May 23
Last Week in the News The National Association of Home Builders/Wells Fargo monthly housing market index was unchanged in May at 16. An index reading below 50 indicates negative sentiment about the housing market.The combined construction of new single-family homes and apartments in April fell...
ECONOMIC UPDATES
Sunday, May 15
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending May 6 rose 8.2%. Refinancing applications increased 9%. Purchase volume rose 6.7%.Retail sales rose 0.5% to $389.4 billion in April after a revised 0...