Recent Market MetricsCurrentPrevious 
30-Yr Fixed Mortgage Rate
fell
to 3.60% on Jan 23, down from 3.65% on Jan 16
3.60%
3.65%
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  • 30-year fixed-rate mortgage averaged 3.60 percent with an average 0.8 point for the week ending January 23, 2020, down from last week when it averaged 3.65 percent. A year ago at this time, the 30-year FRM averaged 4.45 percent.
  • 15-year fixed-rate mortgage averaged 3.04 percent with an average 0.8 point, down from last week when it averaged 3.09 percent. A year ago at this time, the 15-year FRM averaged 3.88 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent with an average 0.3 point, down from last week when it averaged 3.39 percent. A year ago at this time, the 5-year ARM averaged 3.90 percent.
23-Jan-20 10:14 AM ET - Freddie MacNext: 30-Jan-20
15-Yr Fixed Mortgage Rate
fell
to 3.04% on Jan 23, down from 3.09% on Jan 16
3.04%
3.09%
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  • 30-year fixed-rate mortgage averaged 3.60 percent with an average 0.8 point for the week ending January 23, 2020, down from last week when it averaged 3.65 percent. A year ago at this time, the 30-year FRM averaged 4.45 percent.
  • 15-year fixed-rate mortgage averaged 3.04 percent with an average 0.8 point, down from last week when it averaged 3.09 percent. A year ago at this time, the 15-year FRM averaged 3.88 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent with an average 0.3 point, down from last week when it averaged 3.39 percent. A year ago at this time, the 5-year ARM averaged 3.90 percent.
23-Jan-20 10:14 AM ET - Freddie MacNext: 30-Jan-20
5-Yr ARM
fell
to 3.28% on Jan 23, down from 3.39% on Jan 16 & the lowest since Nov 2017
3.28%
3.39%
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  • 30-year fixed-rate mortgage averaged 3.60 percent with an average 0.8 point for the week ending January 23, 2020, down from last week when it averaged 3.65 percent. A year ago at this time, the 30-year FRM averaged 4.45 percent.
  • 15-year fixed-rate mortgage averaged 3.04 percent with an average 0.8 point, down from last week when it averaged 3.09 percent. A year ago at this time, the 15-year FRM averaged 3.88 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent with an average 0.3 point, down from last week when it averaged 3.39 percent. A year ago at this time, the 5-year ARM averaged 3.90 percent.
23-Jan-20 10:14 AM ET - Freddie MacNext: 30-Jan-20
Initial Unemployment Claims
rose
2.9% for the week ending Jan 18, to 211,000
211,000
205,000
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In the week ending January 18, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 204,000 to 205,000. The 4-week moving average was 213,250, a decrease of 3,250 from the previous week's revised average. The
23-Jan-20 8:44 AM ET - US Dept of LaborNext: 30-Jan-20
Existing Home Sales
rose
3.6% in Dec, to 5,540,000/yr, the highest level in 22 mos
5,540,000
5,350,000
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Jan-20 10:08 AM ET - National Association of RealtorsNext: 21-Feb-20
Home Sales Inventory
fell
18.9% in Dec, to 3.0 months
3.0
3.7
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Jan-20 10:08 AM ET - National Association of RealtorsNext: 21-Feb-20
Mortgage Application Volume
fell
1.2% for the week ending Jan 17
-1.2%
30.2%
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WASHINGTON, D.C. (January 22, 2020) -  Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2020.

The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 0.4 percent compared with the previous week. The Refinance Index decreased 2 percent from the previous week and was 116 percent higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index increased 4 percent compared with the previous week and was 8 percent higher than the same week one year ago.

"Mortgage applications dipped slightly last week after two weeks of healthy increases, but even with a slight decline, the total pace of applications remains at an elevated level. The purchase market has started 2020 on a strong note, running 8 percent higher than the same week a year ago," said Jl Kan, MBA's Associate Vice President of Economic and Industry Forecasting. "Refinance applications remained near the highest level since October 2019, as the 30-year fixed rate was unchanged at 3.87 percent, while the 15-year fixed rate decreased to its lowest level since November 2016. Even with more positive developments surrounding the U.S. and China trade negotiations and healthy retail sales data, investors seemed cautious and maintained their demand for safer U.S. Treasuries, which kept yields lower. Our expectation is that rates will stay along this same narrow range."

The refinance share of mortgage activity decreased to 61.6 percent of total applications from 62.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4.6 percent of total applications.

The FHA share of total applications decreased to 11.3 percent from 12.7 percent the week prior. The VA share of total applications increased to 13.8 percent from 12.1 percent the week prior. The USDA share of total applications remained unchanged from 0.5 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) remained unchanged at 3.87 percent, with points decreasing to 0.27 from 0.32 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) increased to 3.87 percent from 3.83 percent, with points decreasing to 0.21 from 0.24 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA remained unchanged at 3.78 percent, with points decreasing to 0.25 from 0.30 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to the lowest level since November 2016, 3.25 percent, from 3.30 percent, with points decreasing to 0.22 from 0.27 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 5/1 ARMs decreased to 3.29 percent from 3.35 percent, with points increasing to 0.25 from 0.11 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

If you would like to purchase a subscription of MBA's Weekly Applications Survey, please visit www.mba.org/WeeklyApps, contact mbaresearch@mba.org or click here.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.

22-Jan-20 9:05 AM ET - MBANext: 29-Jan-20
Canada Inflation
remained at
2.2% in Dec
2.2%
2.2%
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The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.

The goods and services in the CPI basket are divided into 8 major components: Food; Shelter; Household operations, furnishings and equipment; Clothing and footwear; Transportation; Health and personal care; Recreation, education and reading, and Alcoholic beverages, tobacco products and recreational cannabis. CPI data are published at various levels of geography including Canada, the ten provinces, Whitehorse, Yellowknife and Iqaluit, and select cities.

22-Jan-20 8:42 AM ET - Statistics CanadaNext: 19-Feb-20
UK Unemployment Rate
remained at
3.8% in Nov
3.8%
3.8%
collapse/expand
Estimates of employment, unemployment, economic inactivity and other employment-related statistics for the UK.
21-Jan-20 8:08 AM ET - UK Office of National StatisticsNext: 18-Feb-20
EU GDP
grew
at an annualized rate of 3.0% in Q3, revised from 2.9%, the most in 12 mos
3.0%
2.8%
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European Union gross domestic product (GDP) is published by the Europan Central Bank at market prices. It is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes.
21-Jan-20 8:06 AM ET - ECBNext: 31-Jan-20
Housing Starts
rose
16.9% in Dec, to 1,608,000/yr, the highest level since Dec 2006
1,608,000
1,375,000
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Privately-owned housing starts in December 2019 were at a seasonally adjusted annual rate of 1,608,000. This is 16.9 percent (+/- 12.8%) above the revised November 2019 estimate of 1,375,000.


December 2019: +16.9 % change
November 2019 (r): +2.6* % change

17-Jan-20 10:04 AM ET - USCBNext: 19-Feb-20
EU Inflation (HICP)
rose
to 1.3% in Dec, up from 1.0% in Nov & the highest in 6 mos
1.3%
1.0%
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The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB).
17-Jan-20 10:02 AM ET - EurostatNext: 21-Feb-20
US Retail Sales
rose
0.3% in Dec, to $529.6 Billion
0.3%
0.2%
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U.S. retail and food services sales for December 2019 were $529.6 billion, an increase of 0.3 percent (+/-0.4%)* from the previous month.


December 2019: +0.3* % change
November 2019 (r): +0.3* % change

16-Jan-20 8:34 AM ET - USCBNext: 14-Feb-20
US Producer/Wholesale Price Index
rose
0.1% in Dec
0.1%
0.0%
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The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI). CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices can differ due to government subsidies, sales and excise taxes, and distribution costs.
15-Jan-20 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 19-Feb-20
UK Producer/Wholesale Price Inflation
rose
to 0.9% in Dec, up from 0.5% in Nov
0.9%
0.5%
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  • The headline rate of output inflation for goods leaving the factory gate was 0.9% on the year to December 2019, up from 0.5% in November 2019.
  • The growth rate of prices for materials and fuels used in the manufacturing process was negative 0.1% on the year to December 2019, up from negative 1.9% in November 2019.
  • Petroleum products made the largest upward contribution to the change in the annual rate of output inflation.
  • Crude oil provided the largest upward contribution to the change in the annual rate of input inflation.
15-Jan-20 8:32 AM ET - UK Office of National StatisticsNext: 19-Feb-20
UK Inflation
fell
to 1.4% in Dec, down from 1.5% in Nov & the lowest since Nov 2016
1.4%
1.5%
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  • The Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate was 1.4% in December 2019, down from 1.5% in November 2019.

  • The largest contribution to the CPIH 12-month inflation rate in December 2019 came from housing, water, electricity, gas and other fuels (+0.36 percentage points).

  • The largest downward contributions to the change in the CPIH 12-month inflation rate between November and December 2019 came from accommodation services and clothing.

  • The Consumer Prices Index (CPI) 12-month rate was 1.3% in December 2019, down from 1.5% in November 2019.

15-Jan-20 8:32 AM ET - UK Office of National StatisticsNext: 19-Feb-20
Overall US Inflation
rose
0.2% in Dec
0.2%
0.3%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Jan-20 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 13-Feb-20
Core US Inflation
rose
0.1% in Dec
0.1%
0.2%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Jan-20 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 13-Feb-20
US Treasury reported a
deficit
of $13 Billion in Dec
-$13
-$209
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The US Treasury publishes the Monthly Treasury Statement (MTS) at 2:00 PM on the 8th business day of each month.

The MTS summarizes the financial activities of the federal government and off-budget federal entities in accordance with the Budget of the U.S. Government, inlcuding:

  • Receipts and outlays
  • Surplus or deficit
  • Means of financing on a modified cash basis

Data provided by federal entities, disbursing officers, and Federal Reserve Banks.

13-Jan-20 2:06 PM ET - US Department of the TreasuryNext: 12-Feb-20
UK GDP
grew
0.1% in the 3 months to Nov
0.1%
0.0%
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The UK Office for National Statistics publishes Preliminary Estimates of GDP approximately one month after the end of a given quarter, followed by Second Estimates a month later and the Final Estimates a month after that.
13-Jan-20 8:53 AM ET - UK Office of National StatisticsNext: 11-Feb-20
Canada Unemployment Rate
fell
to 5.6% in Dec, down from 5.9% in Nov
5.6%
5.9%
collapse/expand
The Canadian unemployment rate is reported monthly by Statistics Canada.
10-Jan-20 8:48 AM ET - Statistics CanadaNext: 07-Feb-20
US Unemployment Rate
remained at
3.5% in Dec
3.5%
3.5%
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Total nonfarm payroll employment rose by 145,000 in December, and the unemploymentrate was unchanged at 3.5 percent, the U.S. Bureau of Labor Statistics reportedtoday. Notable job gains occurred in retail trade and health care, while mininglost jobs.

This news release presents statistics from two monthly surveys. The household surveymeasures labor force status, including unemployment, by demographic characteristics.The establishment survey measures nonfarm employment, hours, and earnings by industry.For more information about the concepts and statistical methodology used in thesetwo surveys, see the Technical Note. _______________________________________________________________________________________| || Revision of Seasonally Adjusted Household Survey Data || || Seasonally adjusted household survey data have been revised using updated seasonal || adjustment factors, a procedure done at the end of each calendar year. Seasonally || adjusted estimates back to January 2015 were subject to revision. The unemployment || rates for January 2019 through November 2019 (as originally published and as revised)|| appear in table A, along with additional information about the revisions. ||_______________________________________________________________________________________|

Household Survey Data

In December, the unemployment rate held at 3.5 percent, and the number of unemployedpersons was unchanged at 5.8 million. A year earlier, the jobless rate was 3.9 percent,and the number of unemployed persons was 6.3 million. (See table A-1.)
10-Jan-20 8:31 AM ET - U.S. Bureau of Labor StatisticsNext: 07-Feb-20
US NonFarm Payroll
rose
145,000 in Dec, the least in 7 mos
145,000
256,000
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Total nonfarm payroll employment rose by 145,000 in December, and the unemploymentrate was unchanged at 3.5 percent, the U.S. Bureau of Labor Statistics reportedtoday. Notable job gains occurred in retail trade and health care, while mininglost jobs.

This news release presents statistics from two monthly surveys. The household surveymeasures labor force status, including unemployment, by demographic characteristics.The establishment survey measures nonfarm employment, hours, and earnings by industry.For more information about the concepts and statistical methodology used in thesetwo surveys, see the Technical Note. _______________________________________________________________________________________| || Revision of Seasonally Adjusted Household Survey Data || || Seasonally adjusted household survey data have been revised using updated seasonal || adjustment factors, a procedure done at the end of each calendar year. Seasonally || adjusted estimates back to January 2015 were subject to revision. The unemployment || rates for January 2019 through November 2019 (as originally published and as revised)|| appear in table A, along with additional information about the revisions. ||_______________________________________________________________________________________|

Household Survey Data

In December, the unemployment rate held at 3.5 percent, and the number of unemployedpersons was unchanged at 5.8 million. A year earlier, the jobless rate was 3.9 percent,and the number of unemployed persons was 6.3 million. (See table A-1.)
10-Jan-20 8:31 AM ET - U.S. Bureau of Labor StatisticsNext: 07-Feb-20
EU Unemployment Rate
remained at
7.5% in Nov
7.5%
7.5%
collapse/expand
The euro area (EA17) unemployment rate is published at the end of each month by Eurostat, the statistical office of the European Union. It is a seasonally-adjusted rate.
09-Jan-20 8:13 AM ET - EurostatNext: 30-Jan-20
ADP NonFarm Payroll
rose
202,000 in Dec, the most in 8 mos
202,000
124,000
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Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
08-Jan-20 8:27 AM ET - ADPNext: 05-Feb-20
Durable Goods Total New Orders
fell
3.3% in Nov, the largest drop in 13 mos
-3.3%
0.2%
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Full Report:
New orders for manufactured durable goods in November decreased $5.0 billion or 2.0 percent to $242.6 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 0.2 percent October increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders increased 0.8 percent. Transportation equipment, also down two of the last three months, led the decrease, $4.9 billion or 5.9 percent to $79.2 billion.
07-Jan-20 10:04 AM ET - USCBNext: 04-Feb-20
Capital Goods Core Capex
rose
0.2% in Nov
0.2%
1.0%
collapse/expand
Full Report:
New orders for manufactured durable goods in November decreased $5.0 billion or 2.0 percent to $242.6 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months, followed a 0.2 percent October increase. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders increased 0.8 percent. Transportation equipment, also down two of the last three months, led the decrease, $4.9 billion or 5.9 percent to $79.2 billion.
07-Jan-20 10:04 AM ET - USCBNext: 04-Feb-20
ISM Manufacturing Index
fell
to 47.2% in Dec, down from 48.1% in Nov & the lowest level since Jul 2009
47.2%
48.1%
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(Tempe, Arizona) — Economic activity in the manufacturing sector contracted in December, and the overall economy grew for the 128th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The December PMI® registered 47.2 percent, a decrease of 0.9 percentage point from the November reading of 48.1 percent. This is the PMI®'s lowest reading since June 2009, when it registered 46.3 percent. The New Orders Index registered 46.8 percent, a decrease of 0.4 percentage point from the November reading of 47.2 percent. The Production Index registered 43.2 percent, down 5.9 percentage points compared to the November reading of 49.1 percent. The Backlog of Orders Index registered 43.3 percent, up 0.3 percentage point compared to the November reading of 43 percent. The Employment Index registered 45.1 percent, a 1.5-percentage point decrease from the November reading of 46.6 percent. The Supplier Deliveries Index registered 54.6 percent, a 2.6-percentage point increase from the November reading of 52 percent. The Inventories Index registered 46.5 percent, an increase of 1 percentage point from the November reading of 45.5 percent. The Prices Index registered 51.7 percent, a 5-percentage point increase from the November reading of 46.7 percent. The New Export Orders Index registered 47.3 percent, a 0.6-percentage point decrease from the November reading of 47.9 percent. The Imports Index registered 48.8 percent, a 0.5-percentage point increase from the November reading of 48.3 percent.

"Comments from the panel were consistent with November, with sentiment improving compared to the third quarter. December was the fifth consecutive month of PMI® contraction, at a faster rate compared to the prior month. Demand contracted, with the New Orders Index contracting faster, the Customers' Inventories Index remaining at `too low' status and the Backlog of Orders Index contracting for the eighth straight month (and at similar rates to November). The New Export Orders Index contracted for the second month in a row, recording 10 months of poor performance and likely contributing to the faster contraction of the New Orders Index. Consumption (measured by the Production and Employment indexes) contracted, due primarily to lack of demand, contributing negatively (a combined 7.4-percentage point decrease) to the PMI® calculation. Inputs — expressed as supplier deliveries, inventories and imports — improved in December, due primarily to slowing contraction in inventories and supplier deliveries remaining in expansion territory. Imports contraction eased slightly. Overall, inputs indicate (1) supply chains began to stress in December and (2) companies remained cautious that materials received would be consumed by the end of the fourth quarter. Prices increased for the first time since May 2019, a positive for 2020.

"Global trade remains the most significant cross-industry issue, but there are signs that several industry sectors will improve as a result of the phase-one trade agreement between the U.S. and China. Among the six big industry sectors, Food, Beverage & Tobacco Products remains the strongest, while Transportation Equipment is the weakest. Overall, sentiment this month is marginally positive regarding near-term growth," says Fiore.

Of the 18 manufacturing industries, three reported growth in December: Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; and Computer & Electronic Products. The 15 industries reporting contraction in December — listed in order — are: Apparel, Leather & Allied Products; Wood Products; Printing & Related Support Activities; Furniture & Related Products; Transportation Equipment; Nonmetallic Mineral Products; Paper Products; Fabricated Metal Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Textile Mills; Primary Metals; Chemical Products; Plastics & Rubber Products; and Machinery.

03-Jan-20 10:06 AM ET - Institute of Supply ManagementNext: 03-Feb-20
US Construction Spending
rose
0.6% in Nov, to $1324.1 Billion/yr, the highest level in 18 mos
0.6%
-0.8%
collapse/expand
The Value of Construction Put in Place Survey provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor's profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964.
03-Jan-20 10:05 AM ET - USCBNext: 03-Feb-20
Case-Shiller 20-City Home Price Index
rose
2.2% in Oct vs. previous year, to 218.43
2.2%
2.1%
collapse/expand
The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
31-Dec-19 9:12 AM ET - Standard & Poor'sNext: 28-Jan-20
New Home Sales
rose
1.3% in Nov, to 719,000/yr
719,000
710,000
collapse/expand
Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch ublic Information Office 301-763-5160 301-763-3030 eid.rcb.customer.service@census.gov pio@census.gov FOR RELEASE AT 10:00 AM EST, TUESDAY, NOVEMBER 26, 2019 MONTHLY NEW RESIDENTIAL SALES, OCTOBER 2019 Release Number: CB19-175 November 26, 2019 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2019: NEW RESIDENTIAL SALES OCTOBER 2019 New Houses Sold 1 : New Houses For Sale 2 : Median Sales Price: Next Release: December 23, 2019 1 Seasonally Adjusted Annual Rates 2 Seasonally Adjusted Source: U.S. Census Bureau, HUD, November 26, 2019 New Home Sales Sales of new single-family houses in October 2019 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±20.4 percent)* below the revised September rate of 738,000, but is 31.6 percent (±23.7 percent) above the October 2018 estimate of 557,000. Sales Price The median sales price of new houses sold in October 2019 was $316,700. The average sales price was $383,300. For Sale Inventory and Months' Supply The seasonally-adjusted estimate of new houses for sale at the end of October was 322,000. This represents a supply of 5.3 months at the current sales rate. The November report is scheduled for release on December 23, 2019. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . 0200400600800Oct-14Oct-16Oct-18 Thousands of Units New Residential Sales (Seasonally Adjusted Annual Rate) Houses Sold Source: U.S. Census Bureau, HUD, November 26, 2019
23-Dec-19 10:02 AM ET - USCBNext: 27-Jan-20
Canada GDP
grew
at an annualized rate of 1.2% in Oct, the least in 8 mos
1.2%
1.6%
collapse/expand
Canadian GDP is reported monthly by Statistics Canada. The annual growth rate is the percentage change of current-month GDP at basic prices from the same month one year ago.
23-Dec-19 8:42 AM ET - Statistics CanadaNext: 31-Jan-20
US Consumer Confidence
rose
to 99.3 in Dec, up from 96.8 in Nov & the highest level in 7 mos
99.3
96.8
collapse/expand
The Surveys of Consumers is a rotating panel survey based on a nationally representative sample that gives each household in the coterminous U.S. an equal probability of being selected. Interviews are conducted throughout the month by telephone. The minimum monthly change required for significance at the 95% level in the Sentiment Index is 4.8 points; for Current and Expectations Index the minimum is 6 points.
20-Dec-19 11:47 AM ET - Thompson Reuters U. MichiganNext: 31-Jan-20
US Personal Savings was 7.9% in Nov, up from 7.8% in Oct
7.9%
7.8%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
20-Dec-19 11:46 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jan-20
US Consumer Spending (PCE)
rose
0.2% in Nov
0.2%
0.2%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
20-Dec-19 11:46 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jan-20
US Core Consumer Spending PCE
rose
0.1% in Nov
0.1%
0.1%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
20-Dec-19 11:46 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jan-20
US Personal Income
rose
0.5% in Nov
0.5%
0.1%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
20-Dec-19 11:46 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jan-20
US Disposable Income
rose
0.5% in Nov
0.5%
0.0%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
20-Dec-19 11:46 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jan-20
US Corporate Profits
fell
1.2% in Q3 (vs. Q3 2018), revised from -0.4%, to $1.84 Trillion/yr
-1.2%
0.3%
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Revised Estimate:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $4.7 billion in the third quarter, in contrast to an increase of $75.8 billion in the second quarter (table 10).



Profits of domestic financial corporations decreased $4.7 billion in the third quarter, in contrast to an increase of $2.5 billion in the second quarter. Profits of domestic nonfinancial corporations decreased $5.5 billion, in contrast to an increase of $34.7 billion. Rest-of-the-world profits increased $5.5 billion, compared with an increase of $38.7 billion. In the third quarter, receipts decreased $10.0 billion, and payments decreased $15.5 billion.

20-Dec-19 9:50 AM ET - U.S. Bureau of Economic AnalysisNext: 26-Mar-20
US Real GDP
grew
at an annualized rate of 2.1% in Q3, unrevised from previous estimate
2.1%
2.0%
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Third Estimate: Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the third estimate released by the Bureau of Economic Analysis. The growth rate was unrevised from the second estimate released in November. In the second quarter, real GDP rose 2.0 percent.
20-Dec-19 9:48 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Jan-20
US Productivity
decreased
at an annualized rate of 0.2% in Q3, revised from -0.3%,
-0.2%
2.3%
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Revised:
Third Quarter 2019, Revised

Nonfarm business sector labor productivity decreased 0.2 percent in the third quarter of 2019, the U.S. Bureau of Labor Statistics reported today, as output increased 2.3 percent and hours worked increased 2.5 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2018 to the third quarter of 2019, productivity increased 1.5 percent, reflecting a 2.3-percent increase in output and a 0.9-percent increase in hours worked. (See table A1.)
10-Dec-19 9:13 AM ET - U.S. Bureau of Labor StatisticsNext: 05-Mar-20
1-Yr ARM
remained at
2.68% on Dec 31
2.68%
2.68%
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Mortgage Rates Top Four Percent

MCLEAN, VA--(Marketwired - Dec 31, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher with the 30-year fixed-rate mortgage breaking above four percent for the first time in five months.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.6 point for the week ending December 31, 2015, up from last week when it averaged 3.96 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. 

  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from 3.22 percent last week. A year ago at this time, the 15-year FRM averaged 3.15 percent. 

  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08 percent this week with an average 0.4 point, up from last week when it averaged 3.06 percent. A year ago, the 5-year ARM averaged 3.01 percent.

  • 1-year Treasury-indexed ARM averaged 2.68 percent this week with an average 0.2 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.40 percent. 

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

As of January 1, 2016, the PMMS will no longer provide results for the 1-year ARM. Additionally, the regional breakouts will not be provided for the 30-year and 15-year fixed rate mortgages, and the 5/1 Hybrid ARM.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

"In the final week of 2015, Treasury yields jumped reacting in part to strong consumer confidence in December. In response, the 30-year mortgage rate rose 5 basis points to 4.01 percent, ending a 5-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year mortgage rate to average 4.7 percent for the fourth quarter of 2016."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.



31-Dec-15 10:48 AM ET - Freddie MacNext: 07-Jan-16