ABA DataBank: Continued weakness in May housing starts
Continued low construction activity could further reduce demand for construction loans. With building permits coming in only slightly below April’s...
Economy
Survey: Younger couples value financial independence from partners
Young couples are more likely to embrace financial independence from their partners by maintaining separate bank accounts, according to a...
Industrial production rose 0.1% in May
Industrial production increased 0.1% in May after increasing 0.9% in April. In May, manufacturing output was unchanged, the index for...
ABA DataBank: A tale of two cabins
The K-shaped economy is increasingly visible in airline ticket purchasing patterns.
ABA DataBank: Preliminary consumer sentiment rebounds slightly in June
Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for...
Producer prices rose 1.1% in May
The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.52% this week. The rate for a 15-year fixed-rate mortgage was 5.84%.
ABA DataBank: Consumer prices accelerated in May
Higher inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth. This...
International trade deficit decreased by $700M in April
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $55.9...
NAR: Existing home sales increased 3.2% in May
Existing home sales increased 3.2% in May to a seasonally adjusted annual rate of 4.17 million. Month-over-month and year-over-year sales...
