Economic Reports 09/28/09
Retail Sales Aug
Excluding sales at auto dealerships, retail sales up 1.1%. On a year-over-year basis, total retail sales were down 5.3%.
For Hire Truck Tonnage Index Aug
+2.1% in August after also rising 2.1% in July. However, Yoy tonnage contracted 7.5%.
Initial Claims 09/19
-21K at 530K; 4 week MA -11K at 553.5K; Continuing claims -123K at 6.261M; 4 week MA -1.25K at 6.187M.
Existing Home Sales Aug
-2.7% at 5.1M ending a four month blip to the upside. SFR -2.8%; median price -4.5K at $177K.
Distressed sales make up 31% of all sales. Inventory down 10% at 3.622M; relative to sales 8.5 months; a 2.5 year low.
New Home Sales Aug
+0.7% at 429K; July revised down to 426K vs 433K. Price indications from the latest new and existing home sales reports show further deterioration.
The median price of a new home tumbled 9.5% to $195,200 for the lowest level since 2003.
New homes on the market fell 3% to 262K, making for 7.3 months of supply at the current sales rate.
Durable Goods Orders Aug
-2.4%; Yoy -20.2%; Ex transport Flat; Yoy -18.9%. Transportation -9.3%; nondefense aircraft fell 42.2%, defense aircraft declined 10.6%.
Nondefense capital goods orders (ex aircraft), which is a good proxy for capital expenditures, fell 0.4%.
Excluding sales at auto dealerships, retail sales up 1.1%. On a year-over-year basis, total retail sales were down 5.3%.
For Hire Truck Tonnage Index Aug
+2.1% in August after also rising 2.1% in July. However, Yoy tonnage contracted 7.5%.
Initial Claims 09/19
-21K at 530K; 4 week MA -11K at 553.5K; Continuing claims -123K at 6.261M; 4 week MA -1.25K at 6.187M.
Existing Home Sales Aug
-2.7% at 5.1M ending a four month blip to the upside. SFR -2.8%; median price -4.5K at $177K.
Distressed sales make up 31% of all sales. Inventory down 10% at 3.622M; relative to sales 8.5 months; a 2.5 year low.
New Home Sales Aug
+0.7% at 429K; July revised down to 426K vs 433K. Price indications from the latest new and existing home sales reports show further deterioration.
The median price of a new home tumbled 9.5% to $195,200 for the lowest level since 2003.
New homes on the market fell 3% to 262K, making for 7.3 months of supply at the current sales rate.
Durable Goods Orders Aug
-2.4%; Yoy -20.2%; Ex transport Flat; Yoy -18.9%. Transportation -9.3%; nondefense aircraft fell 42.2%, defense aircraft declined 10.6%.
Nondefense capital goods orders (ex aircraft), which is a good proxy for capital expenditures, fell 0.4%.
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