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Mortgage Market Update - Inflation Cools, Home Building Ticks Up, the latest Retail Sales and Unemployment Data - 11/20/23
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Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of November 13, 2023, in Review:
Inflation continued to cool in October, while we saw an uptick in construction despite dampening homebuilder confidence. Plus, the latest Retail Sales and Jobless Claims suggest a slowing economy. Here are last week’s headlines:
- Easing Consumer Inflation a Welcome Sign
- Huge Progress in Wholesale Inflation
- Are “Better Building Conditions” Ahead?
- Housing Starts Rise but More Supply Is Needed
- Retail Sales Suggest a Slowdown
- Continuing Jobless Claims Hit a Two-Year High
00:00 Introduction
00:22 Encompass Journey to the Web
01:08 2023 in Review
02:07 Continuing Jobless Claims
03:10 Progress in Wholesale Inflation
04:57 Housing Market Update
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