Key Economic Indicators – July 25, 2016

  • Existing home sales increased 1.1% to a seasonally adjusted annual rate of 5.57 million in June, from 5.51 million in May, according to the National Association of Realtors. The index in June was up 3.0% from a year ago.
  • The median existing home price in June was $247.7 thousand, up 4.7% from June 2015.
  • Housing starts rose 4.8% in June, while building permits increased 1.5%.
  • Mortgage applications decreased 1.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 15th.
  • The advance figure for initial claims for unemployment insurance was 253 thousand in the week ending July 16, a decrease of a thousand from the previous week’s level. The 4-week moving average was 257.75 thousand, a decrease of 1.25 thousand from the previous week’s average.

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