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September 3, 2013

FNMA Serious Delinquencies at Lowest Level since 12/2008.

September 3, 2013

FNMA Serious Delinquencies at Lowest Level since 12/2008.

PMI Manufacturing Index  (August 2013)

– Index Level   53.1. Previous was 53.7.

ISM Manufacturing Index  (August 2013)

– Index  Level   55.7. Previous was 55.4.

This index is at its best level since April 2011.

Construction Spending (July 2013)

– Construction Spending Month/Month +0.6%. Previous was unchanged revised upward from -0.6%.

– Construction Spending  Year/Year  +5.2%. Previous was +3.3%.

FNMA Delinquencies

The FNMA SFR Serious Delinquency rate declined in July to 2.70% from 2.77% in June. The serious delinquency rate is down from 3.50% in July 2012. This is the lowest level since December 2008.