The Monday Show

SUMMARY: Welcome to the busiest week of the summer as we prepare for home price and sales data, a fed decision, Q2 GDP first look, and inflation data.  We also break down existing-home sales from June and discuss Robert Shiller's latest comments on the housing market...

SHOW NOTES

• This Week: Fed Decision, GDP, & Home Prices
• Existing-Home Sales Fell More Than Expected
• ROBERT SHILLER: A 10-year rally in U.S. home prices could be coming to an end

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rent growth falls to pre-pandemic levels, jobless claims fall to a three-month low, and bond yields jump ahead of the existing-home sales report...

• Rent Growth Falls Back to Pre-Pandemic Lows
• Jobless Claims Fall to Lowest Level Since May

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Homebuilder confidence rises for the seventh straight month, residential construction pulls back in June after a big May report, inflation falls globally, and mortgage demand rises slightly for the week...

• Homebuilder Confidence Rises for 7th Straight Month
• Building Pulls Back in June
• UK inflation rate slides to 7.9%
• Mortgage-refinance demand recovers

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Retail sales rise but are less than expected, inventory levels continue to rise, rate lock volume falls slightly in June, and it's a big week for construction and global inflation data...

SHOW NOTES:

• Retail Sales Rise Less Than Expected
• Inventory Levels Continue To Climb
• Rate Locks See a Slight Dip in June

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: After a little confusion I finally realize how much producer price growth has fallen (haha), jobless claims fall more than expected, and some members of Team Transitory decide to spike the football, and bond yields continue to fall...

SHOW NOTES:

• Inflation Cools Faster Than Expected
• U.S. wholesale inflation slows to a crawl
• US weekly jobless claims unexpectedly fall

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A better-than-expected CPI report shows inflation falling to the lowest level since March 2021, core inflation also falls more than expected, mortgage demand rises slightly despite rising rates, and home prices climb in May...

SHOW NOTES:

• The consumer price index slowed to 3% year-over-year in June
• Mortgage demand rises 0.9%
• Home Prices Rise for Fourth Straight Month

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: So much for the housing crash as home prices hit a new all-time high in May, inventory levels fall for the first time in 10 weeks, and North Carolina is the top state to do business in for the 2nd year in a row...

SHOW NOTES:

• Home Prices Hit New Record High in May
• Housing Inventory Falls For First Time in 10 Weeks
• North Carolina is top place to do business according to CNBC

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Despite an underwhelming jobs report on Friday bonds yields continue to rise as traders unwind bets that the Fed's rate hikes would rapidly cool inflation and all eyes will be on the consumer price index on Wednesday.

Show Notes:

• June's Jobs Report Miss Expectations
• This Week: Inflation & Home Prices
• WSJ: Recharged Bond Rout Unnerves Investors

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Construction spending jumps more than expected in May, housing inventory rises for the 8th straight week, and it is jobs week with a really big Thursday data drop...

Notes

• Construction Spending Rises 0.9% in May
• Inventory Rises For 8th Week
• A short jobs week with a busy Thursday

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The third reading for the first quarter surprised with an upward revision to 2.0% which has pushed bond yields up over 10 basis points, jobless claims fall to a  4-week low, mortgage demand hits a 7-week high, and we prepare for a Smörgåsbord of data the next 7 days...

NOTES:

• First-quarter economic growth was actually 2%
• Jobless claims in U.S. drop to four-week low 
• Mortgage Demand Rises For The Third Straight Week

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201