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640,000 units SAAR in Nov., a three-month high; downward revisions to Oct. and Sept.
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Month-on-month sales up in the West and the Midwest but down in the Northeast and the South.
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Median sales price declines following two consecutive m/m rises.
Introducing
Winnie Tapasanun
in:Our Authors
Winnie Tapasanun has been working for Haver Analytics since 2013. She has 20+ years of working in the financial services industry. As Vice President and Economic Analyst at Globicus International, Inc., a New York-based company specializing in macroeconomics and financial markets, Winnie oversaw the company’s business operations, managed financial and economic data, and wrote daily reports on macroeconomics and financial markets. Prior to working at Globicus, she was Investment Promotion Officer at the New York Office of the Thailand Board of Investment (BOI) where she wrote monthly reports on the U.S. economic outlook, wrote reports on the outlook of key U.S. industries, and assisted investors on doing business and investment in Thailand. Prior to joining the BOI, she was Adjunct Professor teaching International Political Economy/International Relations at the City College of New York. Prior to her teaching experience at the CCNY, Winnie successfully completed internships at the United Nations. Winnie holds an MA Degree from Long Island University, New York. She also did graduate studies at Columbia University in the City of New York and doctoral requirements at the Graduate Center of the City University of New York. Her areas of specialization are international political economy, macroeconomics, financial markets, political economy, international relations, and business development/business strategy. Her regional specialization includes, but not limited to, Southeast Asia and East Asia. Winnie is bilingual in English and Thai with competency in French. She loves to travel (~30 countries) to better understand each country’s unique economy, fascinating culture and people as well as the global economy as a whole.
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Publications by Winnie Tapasanun
- USA| Dec 22 2022
Kansas City Fed Manufacturing Index in Negative Territory for the Third Straight Month in December
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Index declines to -9 in Dec., lowest since May '20, from -6 in Nov., w/ new orders (-17), production (-13) and shipments (-1) in negative territory.
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Employment falls to a zero reading, its lowest level since Nov. '20.
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Price pressures ease somewhat, w/ the prices paid index for raw materials dropping to the lowest level since Jul. '20.
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Expectations for future activity improve slightly.
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- USA| Dec 21 2022
U.S. Mortgage Applications Up for the Second Week After Two Consecutive Weekly Declines
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Applications for loans to purchase edge down in the week of December 16.
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Applications for refinancing a loan rise for the third straight week.
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Mortgage rates fall for fixed-rate loans, Jumbos and ARMs; their lowest rates since September.
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- USA| Dec 14 2022
U.S. Mortgage Applications Rise After Two Straight Weekly Drops
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Applications for loans to purchase rebound in the week of December 9.
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Applications for refinancing a loan increase for the second consecutive week.
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Effective mortgage rates unchanged at 6.60% on a 30-year fixed-rate loan but down for ARMs.
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Declines in mortgage rates and moderate house-price growth may support home buyers to return to the housing market in the near term.
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- Affordability continues to fall in Oct., w/ HAI down 5.6% m/m and down a record 36.4% y/y.
- Mortgage rates rise to 6.98%, the highest since Aug. ’01; mortgage payments increase for the second straight month.
- Median sales price of a home declines 1.2% to an eight-month-low $384,900.
- Median family income rises to a record-high $89,507.
- USA| Dec 05 2022
U.S. Factory Orders Increase More Than Expected in October
- Oct. new orders +1.0%, the third straight m/m gain; Sept. and Aug. unrevised.
- Shipments rise 0.7%, w/ a 1.0% gain in nondurable goods.
- Growth in unfilled orders edges up to 0.6% in Oct. from 0.5% in Sept., while growth in inventories quickens to 0.5%, the fastest since May, from 0.1%.
- USA| Dec 01 2022
U.S. Construction Spending Declines in October
- Total October construction -0.3% (+9.2% y/y); September revised down to +0.1% and August revised down to -1.1%.
- Residential private construction falls 0.3% (+8.6% y/y), the fifth straight m/m decline, led by a 2.6% drop (-5.4% y/y) in single-family building.
- Nonresidential private construction decreases 0.8% (+9.5% y/y) following five consecutive m/m rises.
- Public sector construction increases 0.6% (10.0% y/y), the fifth successive m/m gain, led by a 0.6% rise (10.1% y/y) in nonresidential public construction.
- USA| Nov 29 2022
U.S. FHFA House Prices Rebound a Marginal 0.1% in September
- FHFA HPI +0.1% m/m in September following two straight monthly declines.
- House prices rebound m/m in six of nine census divisions; house prices fall in New England, the Mountain region, and the West South Central region.
- USA| Nov 03 2022
U.S. Factory Orders Increase 0.3% As Expected in September
- Sept. new orders +0.3%; Aug. revised up to +0.2% (from virtually unchanged).
- Shipments rise 0.2%, w/ a 0.2% gain in nondurable goods.
- Unfilled orders increase 0.5%, the same m/m pace as in Aug., while inventories rebound 0.2%.
- 50.2 in Oct. vs. 50.9 in Sept.; the fourth m/m decline in PMI in five months.
- New orders contract for the fourth time in five months.
- Employment rebounds to 50 (the contraction-expansion dividing line) from a contraction-level 48.7.
- Production rises to a three-month-high 52.3, indicating expansions for 29 straight months.
- Prices decrease w/ the prices index falling to 46.6, the lowest reading since May '20.
- Index decreases to -7 in Oct., lowest since May '20, from 1 in Sept., w/ production (-22), shipments (-18) and new orders (-16) in negative territory.
- Employment drops to its lowest level since Nov. '20, albeit at a positive level.
- Inflation remains a major concern; price indexes decline to still-high levels.
- Expectations for future activity deteriorate, entering negative territory for the first time since Apr. '20.
- -0.7% m/m in August, the second monthly drop since May 2020.
- House prices fall m/m in seven of nine census divisions; house prices in New England rebound while in the West North Central region house prices were unchanged.
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