CCL Market Update: Pending Home Sales, S&P Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Construction Spending, FOMC Meeting, Jobless Claims, Gallup Good Jobs Rate, Employment Situation

Pending Home Sales

Existing home sales have recently been near cycle highs but have been unable to move above those highs, although new gains may perhaps be underway. The pending home sales index rose a strong 1.6 percent in December which is just above economists’ top predictions. Pending sales track contract signing for resales and the […]

By |February 6th, 2017|Uncategorized|0 Comments

CCL Market Update: Existing Home Sales, Mortgage Applications, FHFA House Price Index, Jobless Claims, New Home Sales, GDP, Consumer Sentiment

Existing Home Sales

The lack of homes on the market is continuing to hold down sales. Existing home sales fell 2.8 percent in December to a lower than expected annualized rate of 5.490 million. This rate is offset by a sizable upward revision to November which is now at 5.650 million. Supply is at the lowest […]

By |January 30th, 2017|Uncategorized|0 Comments

CCL Market Update: Mortgage Applications, Existing Home Sales, GDP, Jobless Claims, FHFA House Price Index, Personal Income and Outlays, New Home Sales, Consumer Sentiment

Mortgage Applications

Despite the sharply higher mortgage rates, purchase applications for home mortgages rose 3.0 percent on a seasonally adjusted basis in the week of December 16th.  This puts the purchase index 1 percent above the level in the same week a year ago. Refinancing also rose 3.0 percent from the prior week. Interest rates on […]

By |December 26th, 2016|Uncategorized|0 Comments

CCL Market Update: GDP, S&P HPI, Consumer Confidence, Mortgage Applications, Personal Income and Outlays, Pending Home Sales, Beige Book, Jobless Claims, Construction Spending, Employment Situation

GDP

The third quarter GDP’s second revised estimate got an upgrade; up 3 tenths higher than the first estimate at a plus 3.2 percent annualized rate. This increase in GDP includes an upgrade for consumer spending and a downgrade in inventory growth; both positives. Personal consumption expenditures rose at a 2.8 percent pace in the quarter, […]

By |December 5th, 2016|Uncategorized|0 Comments

CCL Market Update: Personal Income and Outlays, Construction Spending, Mortgage Applications, ADP Employment Report, Gallup US Job Creation Index, FOMC Meeting, Jobless Claims, Gallup Good Jobs Rate, Employment Situation

Personal Income and Outlays

Personal income a solid, yet lower than expected, 0.3 percent in the month of September. The wages and salaries component, which weakened in the month prior, was also up 0.3 percent. Consumer spending was especially solid in September, up an as expected 0.5 percent and reflected the strength in vehicle sales. Inflation […]

By |November 7th, 2016|Uncategorized|0 Comments

CCL Market Update: Consumer Price Index, Housing Market Index, Mortgage Applications, Housing Starts, Beige Book, Jobless Claims, Existing Home Sales

Consumer Price Index

Consumer prices rose a noticeable and as expected 0.3 percent in September with two important areas of strength being: energy surging 2.9 percent on the month and owners’ equivalent rent up 0.4 percent.  The year on year rate for the CPI is up 4 tenths to plus 1.5 percent which is the highest […]

By |October 24th, 2016|Uncategorized|0 Comments

CCL Market Update: Housing Market Index, Housing Starts, Mortgage Applications, FOMC Announcement, Fed Chair Press Conference, Jobless Claims, FHFA House Price Index, Existing Home Sales

Housing Market Index

New home sales have been strong and home builders are reporting the best conditions of the year. The housing market is up a sharp 6 points this month to a level of 65 for the best reading since October of last year. The present sales component is up 6 points to 71, a […]

By |September 26th, 2016|Uncategorized|0 Comments

CCL Market Update: JOLTS, Mortgage Applications, Beige Book, Jobless Claims, Consumer Sentiment

JOLTS

Job openings in the month of May fell sharply to 5.500 million from April’s revised 5.845 million. This is the lowest rate since February, May’s readings pull down the job openings rate by 2 tenths to a plus 3.7 percent rate. This is the same rate as May of last year. The hiring rate remained […]

By |July 18th, 2016|Uncategorized|0 Comments

CCL Market Update: Gallup US ECI, Mortgage Application, Gallup US Job Creation Index, ADP Employment Report, Gallup Good Jobs Rate, Jobless Claims, Bloomberg Consumer Comfort Index, Employment Situation

Gallup US ECI

Gallup’s U.S. economic confidence index remained unchanged in the month of June at an average of minus 14, the same reading as in April and May. Early on in the month confidence was slightly higher averaging minus 12 in each of the first two weeks. Near the end of the month, however, confidence […]

By |July 11th, 2016|Uncategorized|0 Comments

CCL Market Update: GDP, S & P Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Personal Income and Outlays, Pending Home Sales, Jobless Claims, Construction Spending, Mortgage Rates

GDP
GDP rose slightly to 1.1 percent in the third estimate for the first quarter of the year vs. the second estimate for the first quarter of plus 0.8 percent. Strength in net exports and less weakness in nonresidential fixed investments gave this third estimate for the first quarter a boost; net exports added more than […]

By |July 4th, 2016|Uncategorized|0 Comments