Consumer Inflation (CPI)
-CPI Month/Month -0.1%
-CPI Year/Year +3.6%
-Core CPI less food & energy Month/Month +0.1%
-Core CPI less food & energy Year/Year +2.1%
Industrial Production (October)
-Production – Month/Month +0.7 %
-Capacity Utilization Rate – Level 77.8 %
Mortgage Applications (Week ending 11/11)
-Purchase Index, Week/Week -2.3%
-Refinance Index, Week/Week -12.2%
-Composite Index, Week/Week -10.0%
-The hit to refinance applications was due to higher rates.
Home Market Index
NAHB (National Association of Home Builders) Index for November was 20 up from 18 in October. Maybe not enough to cheer about but at least a reason for builders to get out of bed each day. The home building market will recover but not in the next year.