Opinions Uncensored

Lawler: Early Read on Existing Home Sales in December

From housing economist Tom Lawler: Early Read on Existing Home Sales in DecemberBased on publicly-available local realtor/MLS reports from across the country released through this morning, I project that existing home sales as estimated by the National Association of Realtors ran at a...

Fed's Beige Book: Modest expansion, Tight labor markets

Fed's Beige Book "This report was prepared at the Federal Reserve Bank of Boston based on information collected on or before January 9, 2017."Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November...

Key Measures Show Inflation close to 2% in December

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.5% annualized rate) in December. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.5% annualized rate)...

AIA: Architecture Billings Index increased in December

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index ends year on positive noteThe Architecture Billings Index (ABI) concluded the year in positive terrain, with the December reading capping off three...

NAHB: Builder Confidence decreased to 67 in January

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 67 in January, down from 69 in December. Any number above 50 indicates that more builders view sales conditions as good than poor.From CNBC: Homebuilder confidence pulls back by 2 points in January...

Industrial Production increased 0.8% in December

From the Fed: Industrial production and Capacity Utilization Industrial production rose 0.8 percent in December after falling 0.7 percent in November. For the fourth quarter as a whole, the index slipped 0.6 percent at an annual rate. In December, manufacturing output moved up 0.2 percent and...

MBA: Mortgage Applications Increase in Latest Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly SurveyMortgage applications increased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 13, 2017. The previous...

LA area Port Traffic increases Year-over-year in December

From the Port of Long Beach: Port Trade Dips to 6.8 Million TEUs in 2016Slowed by industry headwinds and challenges that included a major customer declaring bankruptcy, the Port of Long Beach still moved almost 6.8 million containers in 2016, its fifth best year ever.Overall cargo declined 5.8...