CCL Market Update: US Consumer Spending Measure, US ECI, JOLTS, Mortgage Applications, US Job Creation Index, Jobless Claims

Gallup US Consumer Spending Measure

May average spending levels continued to be relatively healthy in at $104, just below the April average of $107. May was the fourth consecutive month that Americans’ spending averaged $100 or higher. Since 2009, the majority of May’s spending average has been within $2 of the average for the entire year; […]

By |June 12th, 2017|Uncategorized|0 Comments

CCL Market Update: HPI, Consumer Confidence, Mortgage Applications, Pending Home Sales, GDP, Jobless Claims, Personal Income & Outlays, Consumer Sentiment

S & P Corelogic Case-Shiller HPI

The Case-Shiller home prices are up, posting a third straight 0.9 percent monthly gain for the adjusted index. This is the strongest run in nearly 4 years. Year on year appreciation is up 2 tenths t6o 5.7 percent for the highest rate in 2 ½ years. This report contrasts with […]

By |April 3rd, 2017|Uncategorized|0 Comments

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

Mortgage Applications

Purchase applications for home mortgages fell a seasonally adjusted 2 percent in the week of March 17th, while applications for refinancing decreased by 3 percent. On an unadjusted basis, the purchase index fell 2 percent from the previous week but was up 5 percent from the level it was at this time last year.  […]

By |March 27th, 2017|Uncategorized|0 Comments

CCL Market Update: US Consumer Spending, ECI, Mortgage Applications, Job-Cut Report, Jobless Claims, Good Jobs Rate, Employment Situation

Gallup US Consumer Spending Measure

American’s self-reported daily spending climbed to an average of $101 in February. This is the highest average for the month of February since 2008, when spending averaged $106. The latest monthly average is up $13 from January, but still remains lower than December’s holiday-influenced level of $105. It took a total […]

By |March 13th, 2017|Uncategorized|0 Comments

CCL Market Update: Pending Home Sales, GDP, Case-Shiller HPI, Consumer Confidence, Mortgage Applications, Construction Spending, Beige Book, Job Creation Index, Jobless Claims

Pending Home Sales

Pending home sales index, which measure initial contract signings, is down 25.8 percent in the report for January. These results point to weakness for final resales in both February and March. In addition, there was a sharp downward revision to the December index, now at plus 0.8 percent vs the initial data’s index […]

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

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

Mortgage Applications

Purchase applications for home mortgages fell a seasonally adjusted 3 percent during the week of February 17th. Refinancing applications decreased by 1 percent to the lowest level since January.  On an unadjusted basis the purchase index rose 2 percent from the prior week and was up 10 percent from a year ago. The refinancing […]

By |February 27th, 2017|Uncategorized|0 Comments

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