• Applications for both purchase and refinance increase. • Rates rise on fixed-rate mortgages, rates ease slightly on adjustable-rate loans. • Average loan size edges down for loans to purchase, increases up for refinance loans. The [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Jun 23 2021U.S. Mortgage Loan Applications Increase 2.1%
- Global| Jun 15 2021
U.S. Industrial Production Has Broad Gains in May
• Industrial production gained 0.8% m/m, with manufacturing output up 0.9%. • Motor vehicle production rebounded 6.7%. • Capacity utilization highest since February 2020, before the pandemic. Industrial production rose 0.8% m/m (16.3% [...]
- Global| Jun 11 2021
U.S. Financial Accounts Show Credit Demand at 24.5% of GDP in Q1
• Federal government borrows $1.543 trillion, seasonally adjusted annual rate. • Households also borrow more than $1 trillion. Borrowing in U.S. financial markets and institutions was sizable in Q1 2021, but was similar in absolute [...]
- Global| Jun 03 2021
U.S. Jobless Claims Extend Low Range
• Initial state claims down another 20,000. • Continuing state claims edge upward, but maintain recent pandemic low range. • PUA claims lowest since very first week of program in April 2020. Initial claims for unemployment insurance [...]
- Global| May 25 2021
U.S. FHFA House Price Index Again Climbs Very Rapidly
• House prices climbed 1.4% in March; February was revised up slightly. • Year-to-year move 13.9%; new high but up from low base. • All regions have participated in yearly double-digit advances. The Federal Housing Finance Agency [...]
- Global| May 20 2021
U.S. Initial Unemployment Claims Drift Lower
• Initial claims fall to yet another pandemic low. • But state continuing claims and insured unemployment rate rise. • PUA and PEUC continuing claims turn back down. Initial claims for unemployment insurance fell 34,000 in the week [...]
- Global| May 14 2021
U.S. Import & Export Prices Moderate in April, but Still Strong
• Import and export price increases very close to expected amounts. • Food and fuel prices push import costs. • Industrial supplies & materials lift export prices; other items much less vigorous. Import and export price increases were [...]
- Global| May 05 2021
U.S. Mortgage Applications Mixed, but Little Changed
• Applications to purchase edge downward, those for refinancing edge upward. • Mortgage interest rates mostly up, but changes very small. The Mortgage Bankers Association Mortgage Loan Applications Index decreased 0.9% (-5.9% y/y) in [...]
- Global| May 04 2021
U.S. Energy Prices Rise Moderately
• Gasoline prices continue upward. • Crude oil prices also continue to edge higher. • Natural gas prices strengthen. The price of regular gasoline rose 2 cents to $2.89 a gallon (61.5% y/y) in the week ended May 3 from $2.87 per [...]
- Global| Apr 27 2021
U.S. FHFA House Price Index Moderates a Bit in February, but Year-on-Year Gains Still Strong
• House prices increased 0.9% in February. • Year-to-year increase at 12.2% edges up to new high. • All regions have participated in yearly double-digit advances. The Federal Housing Finance Agency (FHFA) House Price Index increased [...]
- Global| Apr 22 2021
U.S. Initial Jobless Claims Fall Again to a New Pandemic-Period Low
• Initial claims in PUA program edge up, but are still low. • Continuing claims decrease, and rate eases back to pandemic low. • Continuing claims for PUA and PEUC benefits both increase. Initial claims for unemployment insurance [...]
- Global| Apr 16 2021
U.S. Housing Affordability Fell Back in February, but Still in Recent Range
• House prices down in January and up in February. • Income swings up in January and down in February. The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability Index decreased 7.6% (-1.4% y/y) [...]
- of112Go to 15 page