• Pending home sales are reach highest level since October 2005. • Improvement continues but more moderately in all 4 regions. • Smallest increase in South, but it sets new record high. After substantial gains in May and June, pending [...]
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| Aug 27 2020U.S. Pending Home Sales Advance Slows, but Still Strong
- Global| Aug 26 2020
Mortgage Loan Applications Fall for Refinancing; Token Rise in Purchase Applications
• Mortgage demand declines for refinancing. • Applications for fixed-rate loans rose greatly from a year ago while demand for adjustable rates fell. The Mortgage Bankers Association Mortgage Applications Index decreased 6.5% in the [...]
- Global| Aug 25 2020
U.S. Consumer Confidence Falls Again in August
• Deterioration in confidence measures widespread. • Current conditions reverse July improvement. • Younger people see largest decline in confidence. The Conference Board's monthly consumer confidence survey showed another decline in [...]
- Global| Jul 16 2020
Philadelphia Fed Manufacturing Activity Down Slightly
• Business conditions index has notable positive reading for second month. • Component gains somewhat mixed but generally favorable. • However, expectations have lower positive reading. The Federal Reserve Bank of Philadelphia [...]
- Global| Jul 15 2020
U.S. Mortgage Loan Applications Pushed Higher by Refinancing Demand
• 15-year fixed rate mortgage rate eased to another record low. • Home purchase apps fall back in the week. The Mortgage Bankers Association reported that its total Mortgage Applications Index increased 5.1% (61.1% y/y) during the [...]
- Global| Jun 11 2020
U.S. Financial Accounts Show Borrowing Dramatically Higher in Q1
Total borrowing in U.S. financial markets ballooned to $10.346 trillion in Q1, a record amount and by far a record share of GDP, 48.0%, according to the Federal Reserve's Financial Accounts data. Q4 2019 saw total borrowing of $2.362 [...]
- Global| Jun 11 2020
U.S. Financial Accounts Show Borrowing Dramatically Higher in Q1
Total borrowing in U.S. financial markets ballooned to $10.346 trillion in Q1, a record amount and by far a record share of GDP, 48.0%, according to the Federal Reserve's Financial Accounts data. Q4 2019 saw total borrowing of $2.362 [...]
- Global| May 21 2020
U.S. Existing Home Sales Drop More Steeply in April
• Existing home sales lowest since July 2011. • Sales fall in every region. • Prices were still rising in 3 regions. The National Association of Realtors (NAR) reported that sales of existing homes dropped 17.8% (-17.2% y/y) during [...]
- Global| May 20 2020
U.S. Existing Home Sales Drop More Steeply in April
• • • PREVIOUS>>>>>The National Association of Realtors (NAR) reported that sales of existing homes during March declined 8.5% (+0.8% y/y) to 5.270 million (AR) from 5.760 million in February.......... The data on existing home sales, [...]
- Global| May 15 2020
U.S. Business Inventories and Sales Decline in March
Total business inventories fell 0.2% m/m (-0.3% y/y) in March, following a revised 0.3% m/m decline in February. The March result equaled the Informa Global Markets survey forecast. Business sales dropped 5.2% m/m (-4.9% y/y) after a [...]
- Global| May 15 2020
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• • • Total business inventories fell 0.4% m/m (-0.1% y/y) in February.......... Sales at retail stores (excluding sales of food services) fell 0.5% m/m in February ...... The manufacturing and trade data are in Haver's USECON [...]
- Global| Apr 16 2020
U.S. Jobless Claims Still Very Large, but Do Fall by 1.37 Million in April 11 Week
• Initial jobless claims decline to 5.245 million in the week ending April 11. • Over the last four weeks 22.4 million people have filed new claims. • Thirty-nine states had decreases, but all remain at historic amounts Initial [...]
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