2007-12-12 MBA Mortgage Applications

MBA Mortgage Applications (Dec 7)

Survey n/a
Actual 2.5%
Prior 22.5%
Revised n/a

2007-12-07 Mortgage Bankers Association Purchas Index SA

Mortgage Bankers Association Purchasing Index SA

Looking very firm. Possible evidence housing may have bottomed.

Affordability is up with prices flat to down, rates down, and nominal income growing.

Yes, I’ve heard the stories about multiple applications, but even if relevant it’s been the case for several months.

2007-12-12 Trade Balance

Trade Balance (Oct)

Survey -$58.4B
Actual -$57.8
Prior $-56.5B
Revised -$58.1B

Points to higher gross exports as oil prices were higher.

2007-12-12 Import Trade Index (MoM)

Import Trade Index MoM (Nov)

Survey 2.0%
Actual 2.7%
Prior 1.8%
Revised 1.4%

2007-12-12 Import Price Index (YoY)

Import Trade Index YoY (Nov)

Survey 11.0%
Actual 11.4%
Prior 9.6%
Revised 9.0%

First a series of very high inflation numbers coming this week.

2007-12-12 Monthly Budget Statement

Monthly Budget Statement

Survey -$95.0
Actual -$98.2
Prior -$75.0
Revised n/a

A 17 billion December 1 payment counted for November this year as it fell on a weekend; so, only about a 10 billion over last year. When this goes up in earnest, it is coincident with a slowdown. Watch this number closely!


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