• Mortgage applications decreased 0.8% in week ending July 24. • Purchase applications off 5.9% from early June, refinance applications down 38.4% from early March. • 15-year fixed rate mortgage increase to 2.85%, near record low of [...]
Introducing
Gerald D. Cohen
in:Our Authors
Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
Publications by Gerald D. Cohen
Global| Jul 16 2020U.S. Business Inventories Fall in May as Sales Outweigh Production
• Business inventories down 2.3% in May; fifth consecutive monthly decline. • Sales jump 8.4%, but still 12.5% below January peak. • Inventory-to-Sales ratio decreases to a still elevated 1.51. Total business inventories dropped 2.3% [...]
- Global| Jul 16 2020
State & Pandemic Assistance Initial Claims at 2.2 Million; Continuing Rises to 32.6 Million
• State initial jobless claims edged down to a still extremely-elevated 1.300 million in the week ending July 11. • Federal Pandemic Unemployment Assistance new filers decline to 928,488. • Continuing claims for state programs decline [...]
• Housing affordability decreased in May from a four-year high in April. • Falling incomes offset record low mortgage interest rates. The National Association of Realtors reported that its Fixed Rate Mortgage Housing Affordability [...]
- Global| Jul 02 2020
State & Pandemic Assistance Initial Claims at 2.3 Million; Continuing New High of 32.9 Million
• State initial jobless claims decreased to a still extremely-elevated 1.427 million in the week ending June 27. • Federal Pandemic Unemployment Assistance new filers at 839,563. • Continuing claims for state programs rise to 19.3 [...]
- Global| Jul 01 2020
U.S. Construction Falters
• Construction spending dropped 2.1% in May with downward revisions to previous months. • The 5.9% decline in construction since February looks closer to previous recessions than many other economic statistics. The value of [...]
- Global| Jul 01 2020
U.S. Mortgage Loan Applications Down 35% from Early March High
• Mortgage applications decreased 1.8% in week ending June 26. • 15-year fixed rate mortgage edges up to 2.90%, near record low of 2.87%. The Mortgage Bankers Association reported that its total Mortgage Applications Index declined [...]
- Global| Jul 01 2020
U.S. Construction Falters
• Construction spending dropped 2.1% in May with downward revisions to previous months. • The 5.9% decline in construction since February looks closer to previous recessions than many other economic statistics. The value of [...]
- Global| Jul 01 2020
U.S. Mortgage Loan Applications Down 35% from Early March High
• Mortgage applications decreased 1.8% in week ending June 26. • 15-year fixed rate mortgage edges up to 2.90%, near record low of 2.87%. The Mortgage Bankers Association reported that its total Mortgage Applications Index declined [...]
- Global| Jun 25 2020
Pandemic & Assistance Initial Claims at 2.2 Million; Continuing Rises to 31.4 Million
• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]
- Global| Jun 25 2020
Pandemic & Assistance Initial Claims at 2.2 Million; Continuing Rises to 31.4 Million
• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728.120. • Continuing claim for state programs declined to 19.5 [...]
- Global| Jun 25 2020
Pandemic & Assistance Initial Claims at 2.2 Million; Continuing Rises to 31.4 Million
• State initial jobless claims decreased to a still extremely-elevated 1.480 million in the week ending June 20. • Federal Pandemic Unemployment Assistance new filers at 728,120. • Continuing claims for state programs declined to 19.5 [...]
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