Newsletter – 4/29/2024
MBS Road Signs 4-29-24 Week of April 22, 2024 in Review The progress lower on inflation remains stalled, while signed contracts on both new and existing homes rebounded in March. Here are the headlines: Inflation Progress Getting Harder New Home Sales Data Confuses Media Signed Contracts on Existing Homes March Higher First Quarter GDP Weaker […]
Newsletter – 4/22/2024
Week of April 15, 2024 in Review Despite a pullback in sales and construction, the housing sector is showing signs of strength heading into the spring buying season. Plus, Fed Chair Jerome Powell gave some hints about what may be ahead for rate cuts. Read on for these stories and more: Existing Home Sales Slip […]
Newsletter – 4/15/2024
Week of April 8, 2024 in Review Inflation has improved significantly after peaking in 2022, but recent hotter than expected readings have stalled the progress lower. Here are last week’s headlines: Inflation Progress Stalls Wholesale Inflation Better Than Feared Continuing Unemployment Claims Top 1.8 Million Latest on Small Business Optimism…Or Lack Thereof Inflation Progress Stalls […]
Newsletter – 4/8/2024
Week of April 1, 2024 in Review Job growth surpassed expectations in March, while home price growth remains strong ahead of the busy spring homebuying season. Read on for these stories and more: March Job Gains Roared in Above Estimates Jump in ADP Job Numbers Job Openings Flat, Quit Rate Remains Low Initial Jobless Claims […]
Newsletter – 4/1/2024
Week of March 25, 2024 in Review Progress on the Fed’s preferred inflation measure has stalled, while the latest data on appreciation and signed contracts show strength in the housing sector. Here are the headlines: Progress Stalls on Inflation Media Mixed Up About Mix of New Home Sales More Signed Contracts Despite Higher Rates Higher […]
Newsletter – 3/25/2024
Week of March 18, 2024 in Review The Fed held rates steady, as anticipated, with their forecasts showing that three cuts are still expected this year. Plus, February saw positive momentum in home sales and construction. Here are the top stories: Fed Still Signals Three Rate Cuts in 2024 Existing Home Sales Hit Highest Level […]
Newsletter – 3/18/2024
Week of March 11, 2024 in Review Both consumer and wholesale inflation were hotter than expected last month. Plus, retail sales in February rebounded from January’s sharp decline, but not as much as economists had forecasted. Here are the headlines: Upside Surprise to Consumer Inflation Wholesale Inflation Comes in Hot February Retail Sales Below Estimates […]
Newsletter – 3/11/2024
Week of March 4, 2024 in Review There are signs of softening in the labor sector, while annual home price growth continues to show signs of strength. Read on for these stories and more: Revisions the Real Headline to Job Data Private Sector Job Growth Below Forecasts Job Openings Tick Lower in January Continuing Unemployment […]
Newsletter – 3/4/2024
Week of February 26, 2024 in Review The Fed’s favored inflation measure showed that annual inflation continues to progress lower, albeit slowly. And while the weather and mortgage rates impacted signed contracts for homes in January, key home price indexes revealed that 2023 was another strong year for appreciation. Here are the headlines: Fed’s Favored […]
Newsletter – 2/26/2024
Week of February 19, 2024 in Review Closings on existing homes picked up last month, while recent commentary shows that Fed members remain cautious about cutting rates too soon. Read on for these stories and more: Existing Home Sales Rebound in January Fed in No Hurry to Cut Rates Tame Initial Jobless Claims During Key […]