Archive | September, 2014

US Manufacturing Strength Stands Alone


The US ISM Manufacturing index surged to a three-year high today at 59 for August. The Markit Manufacturing PMI for the US made a 52-month high as that index rose to 57.9. However, the Markit Global Manufacturing PMI is only moderately above the expansion level of 50. The latest reading for August was 52.6.

US Home Prices Rise In July


CoreLogic released their home price index for July today and it showed another 1.25% month-over-month gain in June (including distressed sales). Their index is 7.4% higher than one year ago. If you exclude distressed sales, house prices still rose by 1.07% in July and are 6.76% higher year-over-year.