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Showing posts with the label Mortgage Monitor

October’s job openings & labor turnover; September’s trade deficit and wholesale sales

Delayed economic reports released ​last week included the Job Openings and Labor Turnover Survey (JOLTS) for October from the Bureau of Labor Statistics, the Commerce Department’s report on our International Trade for September , and the September report on Wholesale Trade, Sales and Inventories from the Census Bureau….in addition, late last week the Fed released regularly scheduled Consumer Credit Report for October , which indicated that overall consumer credit, a measure of non-real estate debt, expanded by a seasonally adjusted $9.2 billion, or at a 2.2% annual rate, as non-revolving credit outstanding expanded at a 1.2% rate to $3,767.3 billion, while revolving credit outstanding grew at a 4.9% rate to $1,316.8 billion…. The major private report released ​l​ast week was the Mortgage Monitor for December , which now comes from the Mortgage Technology unit of ICE, and which indicated that 3.34% of all mortgages were delinquent in October, down from 3.41% in September, and down f...

shutdown notes for week ending November 15th

Economic reports that had been scheduled for release last week included the October Consumer Price Index , the October Producer Price Index , and the October Import-Export Price Index , all from the Bureau of Labor Statistics, the Retail Sales Report for October and the associated Business Sales and Inventories Report for September , and the September report on Wholesale Trade, Sales and Inventories , all from the Census Bureau…Reports that will be released next week are those that were originally scheduled for the first nine days of October: the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the August report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August , both from the Census Bureau…since work on those reports was already underway when the shutdown began, completing them shouldn’t pose a problem; however, thos...

government shutdown notes for October 11th; Mortgage Monitor covering August

Economic reports that were scheduled to be released last week but not prepared due to the government shutdown included the August report on our International Trade from the Commerce Dept, and the August report on Wholesale Trade, Sales and Inventories from the Census Bureau…reports scheduled for next week which will be delayed since no one has been working on the details include the September Consumer Price Index and the September Producer Price Index , both from the Bureau of Labor Statistics, and the Retail Sales report for September from the Census Bureau…as of today, the tenth day of the shutdown, i have not yet seen any indication as to when this will end; the Senate has held at least 7 votes on the competing Democrat and Republican proposals to at least temporarily fund government operations, and with voting largely along party lines, neither proposal has come close to getting the 60 votes that the Senate would need to move forward…in fact, not one of the 100 Senators has cha...

August’s consumer and producer prices; July’s wholesale sales; preliminary employment benchmark revision

Major reports released last week included the August Consumer Price Index , the August Producer Price Index , and the August Import-Export Price Index , all from the Bureau of Labor Statistics, and the Wholesale Trade, Sales and Inventories report for July from the Census Bureau…this week also saw the Consumer Credit Report for July from the Fed, which indicated that overall consumer credit, a measure of non-real estate debt, expanded by a seasonally adjusted $16.0 billion in July, or at a 3.8% annual rate, as non-revolving credit expanded at a 1.8% rate to $3,749.0 billion, while revolving credit outstanding grew at a 9.7% rate to $1,311.2 billion… this week also saw a preliminary annual benchmark revision of employment data from the Bureau of Labor Statistics, which estimated there were 911,000 fewer payroll jobs in March of 2025 than had previously been reported, which would have come after revisions to​ each of the monthly reports of the prior year, and would also impact subse...

May’s Wholesale Inventories, Consumer Credit, & Mortgage Monitor

There were just two agency economic reports released this past week, neither of which are very widely covered: the May report on Wholesale Trade, Sales and Inventories from the Census Bureau, and the Consumer Credit Report for May from the Fed….the latter indicated that non-real estate consumer debt outstanding grew by a seasonally adjusted $5.1 billion, or at a 1.2% annual rate, as non-revolving credit grew at a 2.8% rate to $3,748.9 billion, while revolving credit outstanding shrunk at a 6.3% rate to $1,345.1 billion… The major private report released last week was the Mortgage Monitor for July (covering May data) , which now comes from the Mortgage Technology unit of Intercontinental Exchange, Inc, after originating with Lender Processing Services and being published by Black Knight Financial Services for several years…what they now call the “ July Mortgage Monitor ” indicated that 3.20% of mortgages were delinquent in May, down from the 3.22% that were delinquent in April, but...

May’s jobs report, April’s trade deficit, construction spending, factory inventories and JOLTS

The major economic releases of last week included both of the major monthly employment reports: the Employment Situation Summary for May and the Job Openings and Labor Turnover Survey (JOLTS) for April, both from the Bureau of Labor Statistics, in addition to the Commerce Dept’s report on our International Trade in Goods and Services for April , the April report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for April , with both of those from the Census Bureau.… Privately issued reports released this week included the ADP Employment Report for May , wherein the national payroll processor reported a 37,000 job increase in May, the light vehicle sales report for May from Wards Automotive, which estimated that vehicles sold at a 15.65 million annual rate in May, down from the 17.27 million annual rate of sales in April, and down from the 15.90 million annual sales rate of May a year ago, and the Mortgage Monitor for June (cov...