The Mortgage Bankers Association reported that its Mortgage Loan Index slumped 9.2% w/w (+50.5% y/y) in the week ending November 29 after edging up 1.5% w/w in the previous week. Applications to refinance a loan led the overall [...]
Introducing
Sandy Batten
in:Our Authors
Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
Publications by Sandy Batten
Global| Dec 04 2019U.S. Mortgage Applications Slump
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 27 2019
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Manufacturers' orders for durable goods declined 1.1% (-5.4% y/y) during September...... The durable goods figures are available in Haver's USECON database. The Action Economics consensus forecast figure is in the AS1REPNA database. [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 27 2019
U.S. Durable Goods Orders Surprise to Upside in October
Manufacturers' orders for durable goods unexpectedly rose 0.6% m/m (-0.7% y/y) in October following a downwardly revised 1.4% m/m decline in September. The Action Economics Forecast Survey had anticipated a 0.7% m/m decline for [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 26 2019
U.S. New Home Sales Slip in October But from Upwardly Revised Level
Sales of new single-family homes slipped 0.7% m/m (+31.6% y/y) in October to 733,000 units SAAR. However, the 0.7% m/m decline to 701,000 initially reported for September was revised up significantly to a 4.5% m/m rise to 738,000 [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 15 2019
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Industrial production fell 0.4% (-0.1% y/y) during September.... Industrial production and capacity data and US Population-Weighted Heating and Cooling Days are included in Haver's USECON database. Additional detail on production and [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 15 2019
TT
The Empire State Manufacturing Index of General Business Conditions for October rose to 4.0........ The Empire State figures are diffusion indexes, which are calculated by subtracting the percentage of respondents reporting declines [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 15 2019
U.S. Industrial Production Plummets in October
Industrial production fell a more-than-expected 0.8% m/m (-1.1% y/y) in October on top of a slightly upwardly revised 0.3% m/m decline in September. This was the third monthly decline in the past four months and the weakest monthly [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 15 2019
Empire State Manufacturing Activity Slowed in November
The Empire State Manufacturing Index of General Business Conditions edged down to 2.9 in November from 4.0 in October. An increase to 5.0 had been expected by the Action Economics Forecast Survey. This means that activity continued to [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 31 2019
Rise in U.S. Employment Costs Quickens in Q3
The employment cost index (ECI) for civilian workers rose 0.7% q/q in 2019 Q3, up from a 0.6% quarterly rise in Q2. This was spot on market expectations from the Action Economics Forecast Survey. The y/y growth of total compensation [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 31 2019
Rise in U.S. Employment Costs Quickens in Q3
The employment cost index (ECI) for civilian workers rose 0.7% q/q in 2019 Q3, up from a 0.6% quarterly rise in Q2. This was spot on market expectations from the Action Economics Forecast Survey. The y/y growth of total compensation [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 30 2019
U.S. Mortgage Applications Rebound Even As Rates Edge Higher
The Mortgage Bankers Association reported that its Mortgage Loan Index rebounded in the week ending October 25, rising 0.6% w/w (57.6% y/y) after declining 11.9% w/w in the previous week. Purchase applications rose 2.3% w/w (+9.9% [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 16 2019
U.S. Home Builder Sentiment Posts Solid Gain, Led by South and West
The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo rose for the fourth consecutive month to 71 in October from 68 in September. This is the highest reading since January 2018. The index has [...]
by:Sandy Batten
|in:Economy in Brief
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