• January 17, 2017
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• 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
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• 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
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• 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
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• 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
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• 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.

• January 10, 2017
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• realestatelife

November JOLTS 5.552M vs. estimates of 5.555M. November Wholesale Inventories 1.0% vs. estimates of 0.9%. Generally, neither of these is a major factor in pricing.

• January 6, 2017
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• realestatelife

The Labor Department reports the U.S. economy added 156,000 jobs in December, below expectations for 178,000 jobs. The unemployment rate rose to 4.7%. Meanwhile, the labor force participation rate rose a tick to 62.7%. November Non Farm Payrolls revised from 178,000 to 204,000. October Non Farm Payrolls revised from 142,000 to 135,000.

• January 6, 2017
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• realestatelife

The November Trade Deficit widened to $45.2 billion. Economists were looking for the deficit to decline to $42.5 billion. October’s deficit was revised lower to $42.4 billion.

• January 6, 2017
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• realestatelife

This is a mixed bag. The headline Non Farm Payrolls was lower than expectations by 22,000, but the revision to the prior two months were + 19,000…so that is a wash. The wage data was higher than expected. The headline Non Farm Payroll is positive for pricing, but in totality, this report really isn’t weak