Real Estate News for the week of August 18th, 2014

Welcome to the Real Estate Report for the week of August 18th.

The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending August 8 fell 2.7% from the previous week. Purchase volume fell 1%. Refinancing applications decreased 4%.

Retail sales were unchanged in July at $439.8 billion. This follows a 0.2% increase in June. Compared to a year ago, July retail sales have increased 3.7%.

Total business sales increased 0.3% to $1,346.7 billion in June, up 4.7% from a year ago. Total business inventories rose 0.4% to $1,743.1 billion in June, up 5.8% from a year ago. The total business inventories/sales ratio in June was 1.29.

Industrial production at the nation’s factories, mines and utilities rose 0.4% in July after a revised 0.4% increase in June. Compared to July 2013, industrial production has increased 5% over the last year. Capacity utilization rose to 79.2% in July from 79.1% in June.

Import prices fell 0.2% in July, following a 0.1% increase in June. On a year-over-year basis, import prices were up 0.8% in July. Export prices were unchanged in July, following a 0.4% decrease in June. Compared to a year ago, export prices were up 0.4% in July.

Initial claims for unemployment benefits for the week ending August 9 rose by 21,000 to 311,000. Continuing claims for the week ending August 2 rose by 25,000 to 2.544 million. The less volatile four-week average of claims for unemployment benefits was 295,750.

Speak Your Mind

*


four + = 5