August existing home sales steady after four months of decline
Existing-home sales remained steady in August at 5.34 million units per year after four straight months of decline. Sales were still down 1.5 percent year-on-year.
August Leading Economic Index rose to highest level in over 12 years
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.4 percent in August to 111.2 (2016 = 100), following a 0.7 percent increase in July, and a 0.5 percent increase in June. The leading economic index is now well above its previous peak (March 2006, 102.4).
August new home mortgage applications fell 4.6 percent from July, down 2.0 percent year-on-year
Mortgage applications for new home purchases decreased 4.6 percent compared to August 2017. Compared to July 2018, applications decreased by two percent.