Key Economic Indicators – May 27, 2013

  • New orders for manufactured durable goods increased 3.3% in April, while shipments  decreased 0.6%.
  • April existing home sales increased 0.6% to an annualized rate of 4,970 thousand units. The median sales price of existing houses sold was $192.8 thousand, 11.0% above April 2012.
  • April new home sales  increased 2.3% to an annualized rate of 454 thousand units. The median sales price of new houses sold was $271.6 thousand, 14.9% above March  2012.
  • U.S. House prices rose 1.3% on a seasonally adjusted basis from February to March, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. For the 12 months ending in March, U.S. prices rose 7.2%.
  • The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates trending higher for the third consecutive week. The 30-year fixed mortgage rate averaged 3.59% for the week ending May 23, up from last week when it averaged 3.51%.
  • Mortgage applications decreased 9.8% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 17th.
  • The advance figure for initial claims for unemployment insurance decreased 23 thousand to 340 thousand  in the week ending May 18.

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