Free Markets, Free People


Economic Statistics for 24 Dec 13

The Richmond Fed Manufacturing Index remained unchanged at 13 for December.

The MBA reports that mortgage applications fell -6.3% last week, with purchases down -4.0% and re-fis down -8.0%.

In weekly retail sales, ICSC Goldman reports a 1.4% weekly sales increase, and a 2.7% year-on-year increase. Meanwhile, Redbook says sales rose 3.9% on a year-ago basis. These are the strongest sales results of the holidays.

Durable goods orders rose a sharp 3.5% in November, with orders ex-transportation orders up 1.9%. On a year-over-year basis, orders are up 10.9% and ex-transportation orders are up 6.1%.

The FHFA House Price Index rose 0.5% in October, a year-over-year increase of 8.2%.

New Home Sales fell -2.1% in November, to a 464,000 annual rate. This exceeded expectations, but looks soft against a sharply upward revised October annualized rate of 474,000.


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