Last Week New You Can Use

By
Real Estate Agent with Duval Realty of Jax

The National Association of Home Builders/Wells Fargo monthly housing market index was unchanged in August at 15. An index reading below 50 indicates negative sentiment about the housing market.

The combined construction of new single-family homes and apartments in July fell 1.5% to a seasonally adjusted annual rate of 604,000 units. Single-family starts decreased 4.9%. Multifamily starts rose 7.8%. Applications for new building permits, seen as an indicator of future activity, fell 3.2% to an annual rate of 597,000 units.

Industrial production at the nation's factories, mines and utilities rose 0.9% in July. Compared to a year ago, industrial production is up 3.7%. Capacity utilization rose to 77.5% in July.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending August 12 rose 4.1%. Refinancing applications increased 8%. Purchase volume fell 9.1%.

The producer price index, which tracks wholesale price inflation, rose 0.2% in July after a 0.4% decrease in June. For the year, seasonally adjusted wholesale prices are up 7.2%. Core prices — excluding food and fuel — rose 0.4% in July.

Existing home sales fell 3.5% in July to a seasonally adjusted annual rate of 4.67 million units from a revised 4.84 million units in June. The inventory of unsold homes on the market decreased to 3.65 million, a 9.4-month supply at the current sales pace, up from a 9.2-month supply in June.

Initial claims for unemployment benefits rose by 9,000 to 408,000 for the week ending August 13. Continuing claims for the week ending August 6 rose by 7,000 to 3.7 million.

Upcoming on the economic calendar are reports on new home sales on August 23 and gross domestic product on August 26.

WWW.NorthFloridaShortSales.com

 

 

Comments (0)

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?