ECONOMIC UPDATES
Monday, September 13
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending September 3 fell 1.5%. Refinancing applications fell 3.1%. Purchase volume rose 6.3%. Refinancing made up 81.9% of total applications.The Federal Res...
ECONOMIC UPDATES
Tuesday, August 31
Last Week in the News Existing home sales fell 27.2% in July to a seasonally adjusted annual rate of 3.83 million units from a downwardly revised 5.26 million units in June. The inventory of unsold homes on the market increased 2.5% to 3.98 million, a 12.5-month supply at the current sales pac...
Economic Updates
Monday, August 16
Last Week in the News According to the ICSC-Goldman Sachs index, retail sales fell 0.2% for the week ending August 7. On a year-over-year basis, retailers saw sales increase 3.7%.The Labor Department reported that in the second quarter productivity fell at an annual rate of 0.9%, labor costs r...
Economic Updates
Monday, August 09
Last Week in the News The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 55.5 in July after reaching 56.2 in June. A reading above 50 signals expansion. It was the 12th straight month of expansion.Total construction spending rose 0.1% to...
Economic Updates
Monday, August 09
Last Week in the News The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 55.5 in July after reaching 56.2 in June. A reading above 50 signals expansion. It was the 12th straight month of expansion.Total construction spending rose 0.1% to...
Economic Updates
Monday, June 28
Last Week in the News Existing home sales fell 2.2% in May to a seasonally adjusted annual rate of 5.66 million units from a revised 5.79 million units in April. The inventory of unsold homes on the market decreased 3.4% to 3.89 million, an 8.3-month supply at the current sales pace, down from...