Recent housing data brought some better than expected news, while wholesale inflation cooled in December. The contraction in manufacturing continued this month. Here are the details: -Sales of Existing Homes Higher Than Expectations-Two Sides to Housing Starts Data-Is the Uptick in Builder Confidence...

Week of August 29, 2022 in Review

Important labor sector reports made headlines ahead of the Labor Day holiday, while home prices continue to rise. Don’t miss these key stories: -Young Americans Dominate August’s Jobs Report-Private Payrolls Show a Slowing Trend-Initial Jobless Claims Moderate in Recent Weeks-Home Prices Continue to...

Mortgage Market Update

Consumer inflation remained near a 40-year high and home purchase activity stayed strong in May. Home prices also continued to rise in April. And with first quarter GDP reported at -1.6%, May’s lower than expected Personal Spending report was especially significant. Here’s what...