Key Economic Indicators – September 26, 2016

  • Existing home sales decreased 0.9% to a seasonally adjusted annual rate of 5.33 million in August, from 5.38 million in July, according to the National Association of Realtors. Sales were up 0.8% from a year ago. The median existing home price in August was $240.2 thousand, up 5.1% from August 2015.
  • Housing starts decreased 5.4% in August, while and permits decreased 0.4%.
  • The Federal Housing Finance Agency House Price Index was up 0.5% in July. The index was up 5.8% from a year ago.
  • Mortgage applications decreased 7.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 16th.
  • The advance figure for initial claims for unemployment insurance was 252 thousand in the week ending September 17, a decrease of 8 thousand from the previous week’s level. The 4-week moving average was 258.5 thousand, a decrease of 2.25 thousand from the previous week’s average.


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