The National Association of Realtors (NAR) announced that existing-home sales growth in March turned negative, down 2.4% YoY, lower than the expectation of a 1.8% decline. According to the Labor Department, for the week ended 15th April, the number of…
According to the Bureau of Labor Statistics, the U.S. CPI rose 5% YoY in March, slightly lower than market expectations of 5.1% and the 6% in February. The CPI has declined for nine consecutive months. The core CPI in March…
The data of ADP National Employment report were worse than expected. In March, the private sector hiring rose by just 145,000, down from 261,000 in February and below the estimate of 210,000. In 1Q23, the average monthly hiring was 175,000,…
The Mortgage Bankers Association (MBA) announced on March 29 that after seasonal adjustment, the Market Composite Index (Market Composite Index), which measures the number of mortgage applications for the week ended March 24, rose 2.9% WoW. According to MBA statistics,…
According to data from the U.S. Labor Department, applications for jobless claims in the U.S. for the week ending March 18 totaled 191,000, below the expectation of 198,000, with a decline of 1,000 from the previous period. The data pointed…
According to data from the U.S. Labor Department, applications for jobless claims in the U.S. for the week ending March 11 fell by 20,000 to 192,000 from 212,000. The four-week moving average dipped to 196,500, the eighth consecutive week below…
According to the Mortgage Bankers Association (MBA), mortgage applications increased 7.4% WoW, and the 30-year fixed-rate mortgages increased to 6.79% from 6.71% during the week, the highest level since November 2022. Mortgage refinancing applications rose 9% WoW but decreased 76%…
The February ISM manufacturing index was 47.7 in February, shrinking for the fourth consecutive month, lower than market expectations of 48, but slightly higher than the previous value of 47.4. For the sub-items of the index, the ISM new orders…
Data released by the U.S. Department of Commerce showed inflation-adjusted GDP increasing 2.7% YoY during 4Q22, lower than the expected 2.9%. The GDP data showed the PCE price index increasing 3.7% YoY in the fourth quarter. The core measure that…
Producer Price Index (PPI) rose 0.7% MoM, higher than market expectations of 0.4%, hitting a new high since June 2022. For the week ending 10th Feb, the MBA’s (Mortgage Bankers Association) weekly mortgage applications survey reported its Market Composite Index…
