Mortgage Metrics Report
Jun 30, 11:41 AM ET |
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| The proportion of payment-reducing modifications also increased. |
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| The number of loan modifications significantly increased. During the quarter, servicers implemented 185,156 new loan modifications, up 55% from the previous quarter and 172% from the first quarter of 2008. |
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Personal Income Rises 1.4% in May
Jun 26, 9:44 AM ET |
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| Real disposable income increased 1.6% in May, compared with an increase of 1.2% in April. |
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| Personal income increased $167.1 billion, or 1.4%, and disposable personal income increased $178.1 billion, or 1.6%, in May, according to the Bureau of Economic Analysis. |
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Jobless Claims Rise by 15,000
Jun 25, 9:10 AM ET |
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| The advance unadjusted insured unemployment rate was 4.6% during the week ending June 13, an increase of 0.1 percentage point from the prior week. |
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| In the week ending June 20, the advance figure for seasonally adjusted initial claims was 627,000, an increase of 15,000 from the previous week''''''''s revised figure of 612,000. The 4-week moving average was 617,250, an increase of 500 from the previous week''''''''s revised average of 616,750. |
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GDP Drops 5.5% in Q1
Jun 25, 9:00 AM ET |
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| In the fourth quarter, real GDP decreased 6.3%. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - decreased at an annual rate of 5.5% in the first quarter of 2009, according to final estimates released by the Bureau of Economic Analysis. |
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Fed Keeps US Rates Unchanged
Jun 24, 2:27 PM ET |
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| Information received since the Federal Open Market Committee met in April suggests that the pace of economic contraction is slowing. |
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| The Committee will maintain the target range for the federal funds rate at 0 to 0.25% and continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period. |
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Gasoline and Distillate Inventories Rise
Jun 24, 10:41 AM ET |
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| Distillate fuel inventories increased by 2.1 million barrels, and are above the upper boundary of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 3.8 million barrels from the previous week. At 353.9 million barrels, U.S. crude oil inventories are above the upper boundary of the average range for this time of year. Total motor gasoline inventories increased by 3.9 million barrels last week, and are in the lower half of the average range. Both finished gasoline inventories and gasoline blending components increased last week. |
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New Home Sales Drop 0.6% in May
Jun 24, 10:20 AM ET |
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| The median sales price of new houses sold in May 2009 was $221,600; the average sales price was $274,300. |
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| Sales of new one-family houses in May 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6% below the revised April rate of 344,000 and is 32.8% below the May 2008 estimate of 509,000. |
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Durable Goods Orders Rise 1.8% in May
Jun 24, 9:30 AM ET |
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| Shipments of manufactured durable goods in May, down ten consecutive months, decreased $3.6 billion or 2.1% to $169.9 billion. |
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| New orders for manufactured durable goods in May increased $2.8 billion or 1.8% to $163.9 billion, the U.S. Census Bureau announced today. This was the third increase in the last four months and followed a 1.8% April increase. Excluding transportation, new orders increased 1.1%. Excluding defense, new orders also increased 1.4%. |
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Existing Home Sales Increase 2.4% in May
Jun 23, 10:18 AM ET |
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| The national median existing-home price for all housing types was $173,000 in May, down 16.8% from a year earlier. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4% to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April, but remained 3.6 percent below the 4.95 million-unit pace in May 2008. |
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Jobless Claims Rise by 3,000
Jun 18, 8:45 AM ET |
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| The advance unadjusted insured unemployment rate was 4.5% during the week ending June 6, a decrease of 0.1 percentage point from the prior week. |
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| In the week ending June 13, the advance figure for seasonally adjusted initial claims was 608,000, an increase of 3,000 from the previous week''''s revised figure of 605,000. The 4-week moving average was 615,750, a decrease of 7,000 from the previous week''''s revised average of 622,750. |
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