Opinions Uncensored

LA area Port Traffic Mostly Unchanged YoY in July

Container traffic gives us an idea about the volume of goods being exported and imported - and usually some hints about the trade report since LA area ports handle about 40% of the nation's container port traffic.The following graphs are for inbound and outbound traffic at the ports of Los...

NAHB: Builder Confidence declines to 67 in August

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 67 in August, down from 68 in July. Any number above 50 indicates that more builders view sales conditions as good than poor.From NAHB: Builder Confidence Remains Firm in AugustBuilder confidence in...

Industrial Production Increased 0.1% in July

From the Fed: Industrial Production and Capacity UtilizationIndustrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after...

Retail Sales increased 0.5% in July

On a monthly basis, retail sales increased 0.5 percent from June to July (seasonally adjusted), and sales were up 6.4 percent from July 2017.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for July 2018, adjusted for seasonal variation and holiday and...

MBA: Mortgage Applications Decreased in Latest Weekly Survey

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 10, 2018. ... The Refinance...