Musing About Economics, Computers and Technology

Home of the most asinine posters on the internet

Month: October 2019 (page 2 of 11)

Wednesday: GDP, FOMC Announcement, ADP Employment

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:15 AM, The ADP Employment Report for October. This report is for private payrolls only (no government).  The consensus is for 139,000 jobs added, up from 135,000 in September.•…

Wednesday: GDP, FOMC Announcement, ADP Employment

HVS: Q3 2019 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2019. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey.This survey might…

HVS: Q3 2019 Homeownership and Vacancy Rates

NAR: "Pending Home Sales Rise 1.5% in September"

From the NAR: Pending Home Sales Rise 1.5% in SeptemberPending home sales grew in September, marking two consecutive months of increases, according to the National Association of Realtors. The four major regions were split last month, as the Midwest and South recorded gains but the Northeast and West reported declines…

NAR: "Pending Home Sales Rise 1.5% in September"

Case-Shiller: National House Price Index increased 3.2% year-over-year in August

S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3 month average of June, July and August prices).This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index.Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use…

Case-Shiller: National House Price Index increased 3.2% year-over-year in August

Tuesday: Case-Shiller House Prices, Pending Home Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Near 3-Month HighsMortgage rates increased again today as lenders continued to get caught up with 2 days of bond market weakness. … With the early October lows representing a modest increase from the early September lows, there’s a risk that a…

Tuesday: Case-Shiller House Prices, Pending Home Sales

Dallas Fed: "Pace of Texas Manufacturing Expansion Slows"

From the Dallas Fed: Pace of Texas Manufacturing Expansion Slows, but Outlook ImprovesTexas factory activity continued to expand in October, albeit at a markedly slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell nine points…

Dallas Fed: "Pace of Texas Manufacturing Expansion Slows"

Chicago Fed "Index Points to Slower Economic Growth in September"

From the Chicago Fed: Index Points to Slower Economic Growth in SeptemberLed by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.45 in September from +0.15 in August. Three of the four broad categories of indicators that make up the index decreased from August, and…

Chicago Fed "Index Points to Slower Economic Growth in September"

October 2019: Unofficial Problem Bank list Decreased to 71 Institutions

The FDIC’s official problem bank list is comprised of banks with a CAMELS rating of 4 or 5, and the list is not made public (just the number of banks and assets every quarter). Note: Bank CAMELS ratings are also not made public.CAMELS is the FDIC rating system, and stands…

October 2019: Unofficial Problem Bank list Decreased to 71 Institutions

Schedule for Week of October 27, 2019

The key report this week is the October employment report on Friday.Other key indicators include the October ISM manufacturing index, Personal Income and Outlays for September, and Case-Shiller house prices for August.For manufacturing, the Dallas Fed manufacturing survey will be released this week.The FOMC meets this week and is expected…

Schedule for Week of October 27, 2019

My Slide Deck: "2020 Economic Forecast featuring the UCI Paul Merage School of Business"

On Wednesday, I spoke at the Newport Chamber of Commerce 2020 Economist Forecast. It was sold out – thanks to all who attended (parking was a problem).Here is most of the slide deck I presented.I discussed the two most frequent questions I’m asked: Are house prices in a new bubble?…

My Slide Deck: "2020 Economic Forecast featuring the UCI Paul Merage School of Business"

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