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Mortgage applications rose 9.9 percent in latest weekly survey

The Market Composite Index increased 9.9 percent on a seasonally adjusted basis from one week earlier, with purchase loans up 11 percent and refinances up 9 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.03 percent. READ MORE

August new home mortgage applications up 7.0 percent from July and 6.8 percent year-on-year

Mortgage applications for new home purchases increased 6.8 percent compared to August 2016. Compared to July 2017, applications increased by 7 percent relative to the previous month.READ MORE

August CPI up 0.4 percent during the month and 1.9 percent year-on-year

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.9 percent.READ MORE

July wholesale trade dipped 0.1 percent from June but up 5.9 percent year-on-year

July 2017 sales of merchant wholesalers were down 0.1 percent from June, but were up 5.9 percent from the July 2016 level.READ MORE

Consumer credit use rose 5.9 percent in July

Consumer credit increased at a seasonally adjusted annual rate of 5.9% in July. Total outstanding credit increased $18.5 billion during the month (compared with $11.9 billion in June) to $3.75 trillion.READ MORE

Producer Price Index up 0.2 percent in August and 2.4 percent over previous 12 months

The Producer Price Index for final demand advanced 0.2 percent in August. On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in August.READ MORE

Small Business Optimism Index rose another 0.1 points, maintaining high levels since last November

The NFIB Index rose 0.1 points to 105.3. Five of the components increased, while five declined. The lofty reading keeps intact a string of historically high performances extending back to last November.READ MORE

July job openings rose to record high of 6.2 million, while hires rose to 1.5-year high

The number of job openings rose to 6.2 million on the last business day of July, up 0.9 percent from June and the highest level since December 2000. Over the month, hires rose 1.3 percent to a 1.5-year high of 5.5 million, while separations rose 0.4 percent to 5.3 million.READ MORE

LG Goes Architecture

Before heading to work this morning I caught a glimpse of a commercial on TV for LG Signature. What stood out was the way the LG products – refrigerator, television, washing machine, air purifier – were positioned in front of some fairly...Show More Summary

CAF on the Move

Yesterday the Chicago Architecture Foundation (CAF) announced it will be moving about seven blocks from its longtime digs at 224 South Michigan, across the street from the Art Institute, to 111 East Wacker, facing the Chicago River.Show More Summary

Initial unemployment claims rise 62,000 in latest report

In the week ending September 2, initial claims were 298,000, an increase of 62,000 from the previous week's unrevised level of 236,000. The 4-week moving average was 250,250, an increase of 13,500 from the previous week's unrevised average of 236,750. READ MORE

Mortgage loan applications rise 3.3 percent in latest survey as rates dip again

The Market Composite Index increased 3.3 percent on a seasonally adjusted basis from one week earlier, with purchase loans falling 1.0 percent and refinances 5.0 percent. The average contract interest rate for 30-year fixed-rate mortgages decreased to its lowest level since November 2016, 4.06 percent.READ MORE

Service sector revenue rose 3.2 percent in 2Q 2017, up 6.2 percent year-on-year

U.S. selected services total revenue for the second quarter of 2017, rose by 3.2 percent from the first quarter of 2017 and up 6.2 percent from the second quarter of 2016.READ MORE

Labor productivity rose 1.5 percent in 2Q 2017, up 1.3 percent year-on-year

Nonfarm business sector labor productivity increased 1.5 percent during the second quarter of 2017 as output increased 4.0 percent and hours worked increased 2.5 percent. From the second quarter of 2016 to the second quarter of 2017,...Show More Summary

Beige Book: Moderate economic expansion in July and August, but low for-sale home inventory

Economic activity expanded at a modest to moderate pace across all twelve Federal Reserve Districts in July and August. Both residential and commercial construction increased slightly overall. Low inventories of homes for sale continued...Show More Summary

Service sector index rose 1.4 points in July

The NMI® registered 55.3 percent, which is 1.4 percentage points higher than the July reading of 53.9 percent. The non-manufacturing sector has rebounded from the prior month's cooling-off period. The majority of respondents are optimistic about business conditions going forward. READ MORE

Manufacturing sector index rose 2.5 percentage points in July

The August PMI® registered 58.8 percent, an increase of 2.5 percentage points from the July reading of 56.3 percent. Comments from the panel reflect expanding business conditions, with new orders, production, employment, backlog and exports all growing in August. READ MORE

Factory goods orders slipped 3.3 percent in July

Factory goods orders tumbled 3.3 percent amid a slump in demand for transportation equipment. That was the biggest drop since August 2014 and followed a 3.2 percent surge in June. READ MORE

Gallup: U.S. Confidence Index rose by two points to +6 in August

Americans' confidence in the U.S. economy varied in August but was not remarkably different from economic attitudes in July. Gallup's U.S. Economic Confidence Index was +6 in August, just slightly higher than the +4 recorded in July.READ MORE

Today's archidose #978

Here are some photos of Feltrinelli Porta Volta (2016) in Milan, Italy, by Herzog & de Meuron. (Photos: Frank Dinger, who has a Flickr set with many more photos of this building.) To contribute your Flickr images for consideration, just::: Join and add photos to the archidose poolTo contribute your Instagram images for consideration, just::: Tag your photos #archidose

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