- Real GDP increased at an annual rate of 4.6% in the second quarter, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 2.1%. In the second estimate, released a month ago, the increase in real GDP was 4.2%.
- The price index for gross domestic purchases increased 2.0% in the second quarter, compared to an increase of 1.4% in the previous quarter.
- Real final sales of domestic product (GDP less change in private inventories) increased 3.2% in the second quarter, following a decrease of 1.0% in the first quarter.
- Profits from current production increased $164.1 billion in the second quarter, in contrast to a decrease of $201.7 billion in the first quarter.
- New orders for manufactured durable goods decreased 18.2% in August, while shipments decreased 1.5%. Excluding transportation, new orders increased 0.7%, while shipments increased 0.1%. Year to date, new orders were up 8.1% from a year ago, while shipments were up 4.9%.
- August existing home sales decreased 1.8% to an annualized rate of 5,050 thousand units, according to the National Association of Realtors. August sales were down 5.3% from a year ago. The median sales price of existing houses sold was $219.8 thousand, up 4.8% from August 2013.
- August new home sales were up 18.0% from the previous month, and were up 33.0% from August 2013. The median sales price of new houses sold was $275.6 thousand, 8.0% above a year ago.
- The Federal Housing Finance Agency (FHFA) purchase-only seasonally adjusted house price index rose 0.1% in July, following a 0.3% increase in the previous month. This was the eighth consecutive quarterly price increase. The index was up 4.4% from July of 2013. The index is 6.4% below its April 2007 peak and is roughly the same as the July 2005 level.
- The results of Freddie Mac’s Primary Mortgage Market Survey of September 25th showed average fixed mortgage rates easing slightly from the previous week. 30-year fixed rate mortgage averaged 4.20% for the week ending September 25th, down from last week when it averaged 4.23%.
- Mortgage applications decreased 4.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 19th.
- The advance figure for initial claims for unemployment insurance increased 12 thousand to 293 thousand in the week ending September 20. The 4-week moving average was 298.5 thousand, a decrease of 1.25 thousand from the previous week’s revised average.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment was 84.6 in September, up from 82.5 in August.
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