- MBA Mortgage Applications (Released 7:00 EST)
- MBA Purchasing Applications (Released 7:00 EST)
- MBA Refinancing Applications (Released 7:00 EST)
- Consumer Price Index MoM (Released 8:30 EST)
- CPI Ex Food and Energy MoM (Released 8:30 EST)
- Consumer Price Index YoY (Released 8:30 EST)
- CPI Ex Food and Energy YoY (Released 8:30 EST)
- CPI Core Index SA (Released 8:30 EST)
- Consumer Price Index NSA (Released 8:30 EST)
- Consumer Price Index TABLE 1 (Released 8:30 EST)
- Consumer Price Index TABLE 2 (Released 8:30 EST)
- Consumer Price Index TABLE 3 (Released 8:30 EST)
- Housing Starts (Released 8:30 EST)
- Building Permits (Released 8:30 EST)
MBA Mortgage Applications (Nov 14)
| Survey | n/a |
| Actual | -6.2% |
| Prior | 11.9% |
| Revised | n/a |
MBA Purchasing Applications (Nov 14)
| Survey | n/a |
| Actual | 248.50 |
| Prior | 284.40 |
| Revised | n/a |
Back down big time.
MBA Refinancing Applications (Nov 14)
| Survey | n/a |
| Actual | 1281.20 |
| Prior | 1248.40 |
| Revised | n/a |
Consumer Price Index MoM (Oct)
| Survey | -0.8% |
| Actual | -1.0% |
| Prior | 0.0% |
| Revised | n/a |
Not much of a surprise led by gasoline prices. More to come.
CPI Ex Food and Energy MoM (Oct)
| Survey | 0.1% |
| Actual | -0.1% |
| Prior | 0.1% |
| Revised | n/a |
Lower than expected. Owner equivalent remains positive at up 0.1%.
Consumer Price Index YoY (Oct)
| Survey | 4.0% |
| Actual | 3.7% |
| Prior | 4.9% |
| Revised | n/a |
Coming down quickly with the fall in gasoline prices, much like Aug 06 when Goldman changed their commodity index and triggered a liquidation of gasoline inventories.
Karim writes:
- Largest single mthly fall on record in headline CPI: -0.961%
- Core also falls, by 0.071%
- Service inflation now unchanged for 2 straight months
- OER up 0.1%
- Apparel -1%, vehicles -0.7% (new -0.5%, used -2.4%)
- Medical care and education each up 0.2%
- Market strains + output gap + weaker commodities to lead to falling/slowing inflation in period ahead
CPI Ex Food and Energy YoY (Oct)
| Survey | 2.4% |
| Actual | 2.2% |
| Prior | 2.5% |
| Revised | n/a |
Also moving down.
CPI Core Index SA (Oct)
| Survey | n/a |
| Actual | 216.801 |
| Prior | 216.956 |
| Revised | n/a |
Consumer Price Index NSA (Oct)
| Survey | 216.700 |
| Actual | 216.573 |
| Prior | 218.783 |
| Revised | n/a |
Consumer Price Index TABLE 1 (Oct)
Consumer Price Index TABLE 2 (Oct)
Consumer Price Index TABLE 3 (Oct)
Housing Starts (Oct)
| Survey | 780K |
| Actual | 791K |
| Prior | 817K |
| Revised | 828K |
Looking grim again after showing signs of bottoming.
Karim writes:
- October housing starts down another 4.5% and permits down 12%-contribution from housing to GDP will remain a significant drag at least thru Q2 2009 (based on lag from permits to construction).
Building Permits (Oct)
| Survey | 774K |
| Actual | 708K |
| Prior | 786K |
| Revised | 805K |
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