Empire Manufacturing reached a four year high, for the month of June, coming in at 19.28 vs. 19.01 prior (consensus 15). Growth in new orders was exceptionally strong, at another four year high of 18.36. Today's report offers an early signal of strength for June's manufacturing conditions. Industrial production (MoM) posted gains in May of +0.6% vs. -0.3% prior (consensus +0.5%). The NAHB Housing Market Index is expected to rise to 47 after falling -1 point in May to 45. Treasuries are seeing a small lift today as civil tensions in Iraq are increasing the demand for safe haven assets.
GNMA Issuer Fannie Mae and Freddie Mac Direct Lender Licensed throughout the U.S. and Puerto Rico Privately Held Mortgage Bank for Over 32 Years Excellent Underwriting / Funding Turn Times
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