Monday, August 15, 2016

NAHB/Wells Fargo Home Builder Sentiment: August 2016

Today, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing that overall assessments of housing activity generally went flat in August with the composite HMI index remaining increasing to 60 while the "buyer traffic" index declined to a level of 44.

The Empire State Manufacturing Survey: August 2016

The Empire State Manufacturing Survey consists of a series of diffusion indices distilled from a monthly survey of New York regional manufacturing executives and seeks to identify trends across 22 different current and future manufacturing related activities.

Today’s report showed an overall worsening for both current and future assessments of manufacturing activity with the current activity index falling to a contraction level of -4.21 while future activity also declined to a level of 23.74.

Current prices paid declined to 15.46 while current new orders increased to 1.04 while assessments of future new orders declined to 27.37.