• January 18, 2017
• no comment
• realestatelife

The Labor Department reports prices at the consumer level increased 0.3% in December, matching the estimate. Excluding the volatile food and energy components, prices were up 0.2%, also matching expectations.

• January 18, 2017
• no comment
• realestatelife

Home Builders Sentiment 67 vs. estimates of 70. Last month was revised lower from 70 to 69. Anything above 50 is good. Not a factor in interest rate pricing.

• January 18, 2017
• no comment
• realestatelife

Federal Reserve Chair Janet Yellen said the U.S. economy is “close” to the central bank’s objectives of full employment and stable prices and she’s confident it will continue to improve.

• January 18, 2017
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• realestatelife

Firms and industries were optimistic about growth this year. Employment gains were characterized as slight to moderate, with most of the Fed’s 12 districts saying they expected the labor market to continue tightening.

• January 17, 2017
• no comment
• realestatelife

The New York Federal Reserve’s gauge of manufacturing activity in the region fell in January. The gauge declined to a reading of 6.50 from a downward revised December reading of 7.60 in December. Wall Street had anticipated a smaller decline to a reading of 8.50. Readings above 0 point to expansion, while those below indicate

• January 13, 2017
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• realestatelife

The Commerce Department reports retail sales rose 0.6% last month, missing expectations for a rise of 0.7%. Excluding the volatile auto component, sales rose 0.2%, compared to views for a 0.5% increase.

• January 13, 2017
• no comment
• realestatelife

The Labor Department reports prices at the wholesale level rose 0.3% in December, matching expectations. Prices excluding the volatile food and energy components rose 0.2%. Wall St expected a rise of 0.1%.

• January 13, 2017
• no comment
• realestatelife

A closely-watched gauge of consumer sentiment from the University of Michigan came in at 98.1 in January. That’s down a tick from December’s reading of 98.2. Economists were looking for the reading to increase to 98.5.

• January 12, 2017
• no comment
• realestatelife

Weekly jobless claims rose by 10,000 to 247,000 last week. That came in lower than the 255,000 estimate. The prior week was revised higher by 2,000 to 237,000

• January 12, 2017
• no comment
• realestatelife

Import Prices MOM 0.4% vs. estimates of 0.7%. Export Prices MOM 0.3% vs. estimates of 0.1%. No sign of inflation from overseas as our Import prices were about half of market expectations. A slight positive for MBS and interest rates this morning.