Existing Home Sales Decline 2.6% in June
Jul 24, 10:35 AM ET |
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| The national median existing-home price for all housing types was $215,100 in June, down 6.1% from a year ago when the median was $229,000. |
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| Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 2.6% to a seasonally adjusted annual rate of 4.86 million units in June from a pace of 4.99 million in May, and are 15.5% lower than the 5.75 million-unit rate in June 2007. |
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Jobless Claims Rise by 34,000
Jul 24, 8:49 AM ET |
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| The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending July 12, unchanged from the last week unrevised rate of 2.3%. |
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| In the week ending July 19, the advance figure for seasonally adjusted initial claims was 406,000, an increase of 34,000 from the previous week''''s revised figure of 372,000. The 4-week moving average was 382,500, an increase of 4,500 from the previous week''''s revised average of 378,000. |
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Crude Oil Inventories Decline
Jul 23, 11:49 AM ET |
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| Distillate fuel inventories increased by 2.4 million barrels, and are in the upper half of the average range for this time of year. |
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| U.S. commercial crude oil inventories decreased by 1.6 million barrels from the previous week. At 295.3 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories increased by 2.9 million barrels last week, and are just above the upper boundary of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
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Jobless Claims Rise by 18,000
Jul 17, 12:16 AM ET |
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| The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending July 5, a decrease of 0.1 percentage point from the last week. |
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| In the week ending July 12, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 18,000 from the previous week''''''''s revised figure of 348,000. The 4-week moving average was 376,500, a decrease of 4,500 from the previous week''''''''s revised average of 381,000. |
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Housing Starts Increase 9.1% in June
Jul 17, 12:07 AM ET |
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| Building permits in June were at a seasonally adjusted annual rate of 1,091,000. |
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| Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,066,000. This is 9.1% above the revised May estimate of 977,000, but is 26.9% below the revised June 2007 rate of 1,458,000. Single-family housing starts in June were at a rate of 647,000; this is 5.3% below the May figure of 683,000. The June rate for units in buildings with five units or more was 400,000. |
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FOMC Minutes
Jul 16, 2:38 PM EDT |
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| The U.S. international trade deficit widened in April, as a jump in imports outweighed a rise in exports. |
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| The information reviewed at the June meeting indicated that economic activity had remained soft in recent months. Manufacturing activity had deteriorated, business investment in equipment appeared to have moved down, and residential construction had continued its steep descent. Labor market conditions had weakened further, and consumer sentiment was at historical lows, but despite these developments, consumer spending appeared resilient. |
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Crude, Gasoline and Distillate Inventories Gain
Jul 16, 10:52 AM EDT |
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| Distillate fuel inventories increased by 3.2 million barrels, and are in the upper half of the average range for this time of year. |
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| U.S. commercial crude oil inventories increased by 3.0 million barrels from the previous week. At 296.9 million barrels, U.S. crude oil inventories are near the lower boundary of the average range for this time of year. Total motor gasoline inventories increased by 2.4 million barrels last week, and are in the upper half of the average range. Both finished gasoline inventories and gasoline blending components inventories increased last week. |
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Industrial Production Rebounds 0.5% in June
Jul 16, 9:55 AM EDT |
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| The production of consumer goods increased 0.7% in June. |
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| Industrial production advanced 0.5% in June after having fallen 0.2% in May. Industrial production for the second quarter as a whole dropped 3.1% from the first quarter. Manufacturing output gained 0.2% in June and was boosted by a jump of 5.4% in the output of motor vehicles and parts; activity resumed at motor vehicle parts and assembly plants that had been idled by a strike that began in late February and ended in late May. |
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Bernanke Cautious Remarks, Inflation Risks
Jul 15, 9:26 AM EDT |
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| The decline in the foreign exchange value of the dollar has also contributed somewhat to the increase in oil prices. |
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| Inflation has remained high, running at nearly a 3.5% annual rate over the first five months of this year as measured by the price index for personal consumption expenditures. And, with gasoline and other consumer energy prices rising in recent weeks, inflation seems likely to move temporarily higher in the near term. |
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Consumer Price Index Increases 1.1% in June
Jul 16, 9:02 AM EDT |
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| The food index rose 0.8% in June after rising 0.3% in May. |
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| The CPI-U advanced 1.1% in June, following a 0.6% increase in May. The index for energy rose sharply for the second straight month, increasing 6.6% in June following a 4.4% increase in May. |
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