CCL Market Update: Pending Home Sales Index, Construction Spending, Mortgage Applications, Beige Book, Jobless Claims, Employment Situation, New Home Sales, Mortgage Rates

Pending Home Sales Index

Pending sales of existing homes slowed in January down an unexpected 2.5 percent to an index level of 106.0, offset by an 8 tenths upward revision to December to plus 0.9 percent. Economists were expecting a much better reading with a forecast of plus 0.5 percent for January sales. Out of three […]

By |March 7th, 2016|CCL Market Updates|0 Comments

CCL Market Update: S&P/ Case-Shiller Home Price Index, Consumer Confidence, Existing Home Sales, Mortgage Applications, New Home Sales, Jobless Claims, Freddie Mac Mortgage Rates, GDP

S &P/Case-Shiller Home Price Index

Home prices in major metropolitan areas continued to rise In December though the gains came in slightly behind expectations. Home price appreciation rose 0.8 percent in December, as Case-Shiller’s 20 city index extends its run of strong monthly gains. But, the year on year rate slowed to plus 5.7 percent slightly […]

By |February 29th, 2016|CCL Market Updates, Uncategorized|0 Comments

Market Update: Housing Market Index, Mortgage Applications, Housing Starts, FOMC Minutes, Jobless Claims, Consumer Price Index, Home Builder Sentiment

Housing Market Index

The housing market index for February is down 3 points to 58, the lowest reading since May of last year; this is an indication that the optimism among home builders is cooling noticeably. Though the reading came short of last month’s 58, it is still well above the breakeven point of 50. In […]

By |February 22nd, 2016|CCL Market Updates|0 Comments

Market Update: Labor Market Conditions Index, JOLTS, Mortgage Applications, Janet Yellen, Foreclosures, Home Inventory Shortages, Jobless Claims, Consumer Sentiment, Retail Sales, Mortgage Rates

Labor Market Conditions Index
Payroll growth slowed in Friday’s employment report as did the Fed’s labor market conditions index. An increase of 0.4 in January from a downward revised plus 2.3 in December and an upward revised plus 2.9 in November. January’s reading indicates the lowest level of labor expansion since April of last year and […]

By |February 15th, 2016|CCL Market Updates|0 Comments