MBA Mortgage Applications Up 4.0%
MBA mortgage applications rose 4.0%; Prior reading was a fall of 5.6%; On year level MBA Basic Index is down 17.5%.
Global Macro Perspectives
MBA mortgage applications rose 4.0%; Prior reading was a fall of 5.6%; On year level MBA Basic Index is down 17.5%.
U.S. construction spending rose 1.4% in March vs. 0.4% consensus and 2.6% fall (revised from 1.4% fall) in February. On year level we are at -6.7%.
U.S. new home sales rose 11.1% to 300.000 SAAR; Consensus was at 280.000 SAAR, prior reading (revised upward 20.000) was at 270.000 SAAR.
Moody’s/REAL National Commercial Property Index fell 3.3% in February and it is now running at -4.9% y-o-y.
Sales of existing homes in U.S. rose 3.7% to 5.1 million units SAAR. Consensus was at 5.0 million.
U.S. housing starts in March rose 7.2% to 549.000 vs. revised (33.000 higher) 512.000 February reading. The consensus was at 520.000. On year level U.S. housing starts are down 13.4%.
MBA mortgage applications fell 6.7%; Prior reading was a fall of 2.0%; On year level MBA Basic Index is down 8.4%.
MBA mortgage applications fell 2.0%; Prior reading was a fall of 7.5%; On year level MBA Basic Index is down 11.3%.
U.S. new home sales fell 16.9% to 250.000 SAAR; Consensus was at 290.000 SAAR, prior reading (revised upward 16.000) was at 301.000 SAAR.
Lowest reading on record.
Sales of existing homes in U.S. fell 9.6% to 4.88 million units SAAR. Consensus was at 5.12 million.
U.S. housing starts in February fell 22.5% to 479.000 vs. revised (24.000 higher) 520.000 January reading. The consensus was at 566.000. On year level U.S. housing starts are down 20.8%.
MBA mortgage applications rose 15.5%; Prior reading was fall of 6.5%; On year level MBA Basic Index is down 18.8%.
MBA mortgage applications fell 6.5%; Prior reading was an increase of 13.2%; On year level MBA Basic Index is down 29.3%.
Pending home sales fell rose 2.0% in January vs. revised (down from +2.0%) fall of 3.2% in December. On year level, the index is down 1.6%.
U.S. new home sales fell 12.6% to 284.000 SAAR; Consensus was at 310.000 SAAR, prior reading (revised downward 4.000) was at 325.000 SAAR.