Week that Was
05/27/2014 | | econ70, Economic forecasting, economist on radio, economist on TV, eisenberg and economics, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, funniest economist, funny housing economist, Graphsandlaughs, graphsandlaughs and eisenberg, housing sales, MLS, mortgage banking, Multiple listing service, politics and economics, Public speaking economist
Last week the economic data were decidedly mixed. The leading economic indicators, Chicago Fed National Activity Index, existing home sales, mortgage applications and the Architectural Billing Index were all negative to neutral. However, the Kansas City Fed Manufacturing index and the US PMI Manufacturing Index were both very positive as were existing home inventory numbers. The takeaway, the recovery is intact but weaker due to poor single-family construction activity.