Musing About Economics, Computers and Technology

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Month: September 2019 (page 1 of 12)

Tuesday: ISM Mfg, Construction Spending

From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest in WeeksOver the past few business days, the sideways momentum gradually began to give way to modest improvements. Lenders have been slow to adjust their rate sheet offerings, but as of today, the average lender is back in line with…

Tuesday: ISM Mfg, Construction Spending

Fannie Mae: Mortgage Serious Delinquency Rate Unchanged in August

Fannie Mae reported that the Single-Family Serious Delinquency was unchanged at 0.67% in August, from 0.67% in July. The serious delinquency rate is down from 0.82% in August 2018.These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  The Fannie Mae serious delinquency rate…

Fannie Mae: Mortgage Serious Delinquency Rate Unchanged in August

Chicago PMI "Drifts to 47.1 in September", Lowest Quarter since 2009

From the Chicago PMI: Chicago Business Barometer™ – Drifts to 47.1 in SeptemberThe Chicago Business BarometerTM, produced with MNI, fell 3.3 points to 47.1 in September, following August’s rebound to 50.4.Business confidence dropped below the 50-mark to 47.3 in Q3, leaving the index at the lowest level on a quarterly…

Chicago PMI "Drifts to 47.1 in September", Lowest Quarter since 2009

Dallas Fed: "Texas Manufacturing Expansion Continues"

From the Dallas Fed: Texas Manufacturing Expansion ContinuesTexas factory activity continued to expand in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell four points to 13.9, suggesting output growth continued but at a slightly slower…

Dallas Fed: "Texas Manufacturing Expansion Continues"

September Vehicle Sales Forecast: 16.8 Million SAAR

From JD Power: Record Q3 Spending Accelerates Auto Sales After Year’s Slow StartNew-vehicle retail sales in September are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,007,000 units, a 15.2% decrease compared with…

September Vehicle Sales Forecast: 16.8 Million SAAR

Sept 2019: Unofficial Problem Bank list increased to 76 Institutions, Q3 2019 Transition Matrix

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources. DISCLAIMER: This is an unofficial list, the information is from public sources and while deemed to be reliable is not guaranteed. No warranty or representation, expressed or implied, is made as to the accuracy of the…

Sept 2019: Unofficial Problem Bank list increased to 76 Institutions, Q3 2019 Transition Matrix

Schedule for Week of September 29, 2019

The key report this week is the September employment report on Friday.Other key indicators include the September ISM manufacturing and non-manufacturing indexes, September auto sales, and the August trade deficit.—– Monday, Sept 30th —–9:45 AM: Chicago Purchasing Managers Index for September. The consensus is for a reading of 50.4, unchanged…

Schedule for Week of September 29, 2019

Reis: Apartment Vacancy Rate unchanged in Q3 at 4.7%

Reis reported that the apartment vacancy rate was at 4.7% in Q3 2019, unchanged from 4.7% in Q2, and unchanged from 4.7% in Q3 2018. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016.From economist Barbara Byrne Denham at Reis: The apartment…

Reis: Apartment Vacancy Rate unchanged in Q3 at 4.7%

Philly Fed: State Coincident Indexes increased in 40 states in August

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for August 2019. Over the past three months, the indexes increased in 46 states and decreased in four, for a three-month diffusion index of 84. In the past month, the indexes…

Philly Fed: State Coincident Indexes increased in 40 states in August

Personal Income increased 0.4% in August, Spending increased 0.1%

The BEA released the Personal Income and Outlays report for August: Personal income increased $73.5 billion (0.4 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $77.7 billion (0.5 percent) and personal consumption expenditures (PCE) increased $20.1 billion (0.1 percent).Real…

Personal Income increased 0.4% in August, Spending increased 0.1%

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