Mike: A busy Wednesday for economic reports, especially the two related to housing; MBA Purchase Applications, which showed some improvement mortgage applications climb from 7-month low as shown below, and New Home Sales showed continued weakness May new home sales dip 0.6 percent, which is surprising considering this is peak season for home sales. Mike: Durable goods orders show […]
Mike: Tuesday brings us the always important Existing Home Sales and a couple of weekly retail reports. Existing Home Sales will show if new home sales are brisk or continuing to languish. Well, it looks like sales increased, but were below expectations. I couldn’t find a headline that read “April existing home sales revised down and May […]
Mike: I hope you all had an enjoyable weekend and welcome to The Layoff List. Monday is starting off quiet for US unemployment announcements and is quiet for economic reports, but Tuesday and Wednesday bring the Existing Home Sales and New Home Sales reports, respectively. Few reports, besides employment reports, generate as much media buzz about jobs […]