CCL Market Update: Housing Market Index, Mortgage Applications, Housing Starts, FOMC Minutes, Jobless Claims, Consumer Sentiment, Mortgage Rates

Housing Market Index          

The housing market index is back at level seen earlier this year and points to building confidence among the nation’s home builders.  The index was up 4 points to 68 for the month of August which tops economists’ highest predictions by 2 points. Builders see gains for both present and 6-month sales, […]

By |August 21st, 2017|CCL Market Updates|0 Comments

CCL Market Update: Gallup US Consumer Spending, Labor Conditions, JOLTS, Mortgage Applications, Jobless Claims, Consumer Price Index

Gallup US Consumer Spending Measure

Americans’ daily self-reported spending averaged $109 in July, the sixth consecutive month where the average was $100 or more. July’s report of $109 is the highest spending average since May 2008. The $6 increase from June is not statistically significant. It is, however, the highest for the month of July for […]

By |August 14th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Pending Home Sales, Personal Incomes and Outlays, Construction Spending, Gallup ECI, Mortgage Applications, Gallup US Job Creation, Jobless Claims, Gallup Good Jobs, Employment Situation

Pending Home Sales Index
After three consecutive weeks of declines, the pending home sales index posted a strong gain, at 1.5 percent in the data for June, a signal of long needed bounce back for final sales of existing homes. Pending sales take a month or two to close which points to strength for existing home […]

By |August 7th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Existing Home Sales, FHFA House Price Index, S&P Corelogic Case-Shiller HPI, Consumer Confidence, Mortgage Applications, New Home Sales, FOMC Meeting, Jobless Claims, GDP, Consumer Sentiment

Existing Home Sales

The slip in pending home sales fell 1.8 percent in June to a lower than expected annualized rate of 5.520 million. Year on year, sales remain in the plus column, though not by much at only 0.7 percent which is the lowest reading since February. Compared to sales, prices are rich with the […]

By |July 31st, 2017|CCL Market Updates|0 Comments

CCL Market Update: Labor Market Conditions, JOLTS, Mortgage Applications, Beige Book, Jobless Claims, Janet Yellen Speaks, Consumer Price Index, Consumer Sentiment

Labor Market Conditions

Nonfarm payroll growth of 222,000 was strong in the June employment report butnot6  average hourly earnings which only 0.2 percent higher, part of the mix that makes for only a moderate 1.5 in the labor market conditions index.

JOLTS

In a mixed report employers are finally catching up with their hirings as job openings, at […]

By |July 17th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Consumer Spending Measure, Construction Spending, Job Creation Index, FOMC Minutes, US ECI, Mortgage Applications, Challenger Job-Cut Report, Jobless Claims, Good Jobs Rate, Employment Situation

Gallup US Consumer Spending Measure

In June, Americans’ daily self-reports of spending averaged $103, this is only $1 down from their $104 average in May. This is the highest level of spending for the month of June since 2008, when spending averaged $104. Americans’ reported spending has averaged $100 or more since February, for the longest […]

By |July 10th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Case-Shiller HPI, Consumer Confidence, Fed Chair Speech, Mortgage Applications, Pending Home Sales Index, GDP, Jobless Claims, Personal Income and Outlays, Consumer Sentiment

S&P Corelogic Case-Shiller HPI       

The housing sector in early spring turned out to be a disappointment and is reflected in the Case-Shiller’s home price index which rose an undersized 0.3 percent in April. The yearly rate, having climbed toward the 6 percent line back in February and March, slid back down 2 tenths to 5.7 […]

By |July 3rd, 2017|CCL Market Updates|0 Comments

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

Mortgage Applications

Purchase applications for home mortgages fell 1 percent on a seasonally adjusted basis during the week of June 16th. The unadjusted purchase index is 9 percent above the level it was during the same week one year ago. The refinancing share of mortgage applications rose 1.2 percent to 46.6 percent of all home mortgage […]

By |June 26th, 2017|CCL Market Updates|0 Comments

CCL Market Update: Mortgage Applications, Consumer Price Index, FOMC Meeting Announcement, Fed Chair Press Conference, Jobless Claims, Housing Market Index, Housing Starts, Consumer Sentiment

Mortgage Applications

Purchase applications for home mortgages fell a seasonally adjusted 3 percent in the week of June 9th. Though this decline is a result for the heavy adjustments made for the Memorial Day holiday in the prior week. The unadjusted purchase index increased 19 percent from the week prior to a level 8 percent higher […]

By |June 19th, 2017|CCL Market Updates|0 Comments

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