Key Economic Indicators – July 28,2014

  • Durable goods orders rose 0.7% in June, following a 1.0% decrease in the previous month. Excluding transportation, orders rose 0.8% in June.
  • June existing home sales increased 2.6% to an annualized rate of 5,040 thousand units, according to the National Association of Realtors. The median sales price of existing houses sold was $223.3 thousand, 4.3% above June 2013.
  • U.S. House prices increased 0.4% on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s (FHFA) monthly House Price Index. For the 12 months ending in May, U.S. prices rose 5.5%.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of July 24th showed average fixed mortgage rates largely flat for the week.
  • Mortgage applications increased 2.4% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 18th.
  • The consumer price index (headline index) rose 0.3% in July, while the core index increased 0.1%. The consumer price index increased 2.1% for the 12-month period ending in July, while the core index rose 1.9%.
  • The advance figure for initial claims for unemployment insurance decreased 19 thousand to 284 thousand in the week ending July 19.
  • The Conference Board index of leading economic indicators increased 0.3% in June, while the coincident index increased 0.2%.

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