- Real GDP decreased at an annual rate of 0.2% in the first quarter of 2015, after increasing at 2.2% in the previous quarter. In the “second” estimate released a month ago, the decrease in real GDPO was 0.7%.
- The price index for gross domestic purchases decreased 1.6% in the first quarter, compared to a decrease of 0.1% in the previous quarter.
- Corporate profits from current production decreased $110.8 billion in the first quarter, after a decrease of $30.4 billion in the previous quarter
- Personal income increased 0.5%, in May, while personal consumption expenditures increased 0.9%. The price index for personal consumption expenditures increased 0.3% in May. The price index (headline index) was up 0.2% from May 2014, while the core index was up 1.2%.
- New orders for manufactured durable goods decreased 1.8% in May, while Shipments decreased 0.1%. Excluding transportation new orders were up 0.5% in May, while shipments were up 0.3%. Year to date new orders were down 2.2% from the same period a year ago, while shipments were up 2.8%.
- May existing home sales were up 5.1% from the previous month, and were up 9.2% from a year ago. There were 2,290 thousand homes for sale at the end of the month. This represents a supply of 5.1 months at the current sales rate, compared to 5.5 in May of 2014. The median sales price of existing houses sold was $228.7 thousand, 7.9% above May 2014.
- May new home sales increased 2.2% from the previous month, and were up 19.5% from a year ago. The median sales price was $282.8 thousand, 1.0% below the May 2014 figure.
- U.S. House prices rose 0.3% on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s (FHFA). For the 12 months ending in April, U.S. prices rose 5.3%. The index is now 2.3% below its March 2007 peak and is roughly the same as the February 2006 index level.
- The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates little changed from the previous week. 30-year fixed-rate mortgage averaged 4.02% for the week ending June 25, up from last week when it averaged 4.00%. A year ago this time, the 30-year fixed-rate averaged 4.14%.
- Mortgage applications increased 1.6% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 19th.
- The advance figure for initial claims for unemployment insurance increased 3 thousand to 271 thousand in the week ending June 20. The 4-week moving average was 273.75 thousand, a decrease of 3.25 thousand from the previous week’s average.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment increased to 96.1 in June, from 90.7 in May. The index was 82.5 in June of 2014.
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