1/27: Metro Econ P Duffy Update

December new home sales down 10.4 percent from November but off just 0.4 percent year-on-year

Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000. This is 10.4 percent below the revised November rate of 598,000 and is 0.4 percent below the December 2015 estimate of 538,000.



Leading Economic Index rose again by 0.5 percent in December

The U.S. Leading Economic Index increased in December, suggesting the economy will continue growing at a moderate pace, perhaps even accelerating slightly in the early months of this year.



Mortgage loan applications rise 4.0 percent in latest survey; rates rebound slightly

The Market Composite Index increased 4.0 percent on a seasonally adjusted basis from one week earlier, with purchase loans rising 6 percent and refinances up 0.2 percent. The average contract interest rate for 30-year fixed-rate mortgage increased to 4.35 percent.



Initial unemployment claims rise 22,000 in latest report; 4-week moving average lowest since Nov. 1973

In the week ending January 21, initial unemployment claims were 259,000, an increase of 22,000 from the previous week’s revised level. The 4-week moving average was 245,500, a decrease of 2,000 from the previous week’s revised average. This is the lowest level for this average since November 3, 1973.


Leave a Reply