Key Economic Indicators – December 2, 2013

  • New orders for  manufactured durable goods decreased 2.0% in October, while shipments increased 0.2%.
  • Housing starts decreased 0.9%, revised, in August. The U.S. Census Bureau indicated that accurate data collection for September and October could not be completed in time due to lapse in federal funding.
  • Building permits in October were up 6.2% from September, and were up 13.9% from October 2012.
  • The Pending Home Sales Index decreased 0.6% in October, according to the National Association of Realtors.
  • U.S. House prices rose 0.3% on a seasonally adjusted basis from August to September, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. For  the 12 months ending in September, U.S. prices rose 8.5%.
  • The S &  P/Case-Shiller National U.S. Home Price Indices posted annual increases of  13.3% in the 12 months ending in September.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of November 27th showed average fixed mortgage rates increasing slightly.
  • Mortgage applications decreased 2.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending      November 15th.
  • The advance figure for initial claims for unemployment insurance decreased 10 thousand to 316 thousand in the week ending November 23.
  • The Conference Board’s consumer confidence index, which had decreased sharply in October, declined again in November.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose in November.
  • The Conference Board’s leading and coincident indexes increased 0.2% in October.

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