Opinions Uncensored

MBA: Mortgage Applications Decreased in Latest Weekly Survey

From the MBA: Mortgage Applications Decline in Latest MBA Weekly SurveMortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2018. This week’s results...

Wednesday: Housing Starts, FOMC Minutes

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:30 AM, Housing Starts for September. The consensus is for 1.216 million SAAR, down from 1.282 million SAAR.• At 2:00 PM, The Fed will release the FOMC...

Update: Real Estate Agent Boom and Bust

Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph.The graph shows the number of real estate licensees in California.The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and prices in 2006). The number of...

NAHB: Builder Confidence increased to 68 in October

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 68 in October, up from 67 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.

From NAHB: Builder Confidence Rises One Point in October, Remains at Summer Levels.

Builder confidence in the market for newly-built single-family homes rose one point to 68 in October on the NAHB/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held...

Industrial Production Increased 0.3% in September

From the Fed: Industrial Production and Capacity UtilizationIndustrial production increased 0.3 percent in September, about the same rate of change as in the previous two months. Output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1...

LA area Port Traffic in September

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...

Retail Sales increased 0.1% in September

On a monthly basis, retail sales increased 0.1 percent from August to September (seasonally adjusted), and sales were up 6.6 percent from August 2017.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for September 2018, adjusted for seasonal variation and...