#1) MBA Purchase Applications   

_________________________Prior__________Actual

Purchase Index - W/W Change---------	-1.4 %	-5.9 %
Refinance Index - W/W Change	-7.7 %	-11.4 %
Composite Index - W/W Change	-5.5 %	-9.5 %

Rising interest rates caused refinancing activity to drop to is lowest level in 2-1/2  years. The 30yr mortgage rate is 5.12% 

#2) Housing Starts

                    Prior___Est____Act

Starts -	0.520m	0.540m	0.596m
Permits -	0.635m		0.562m

Mixed results: Starts increased versus Permits falling

Starts by region: Northeast +41.8% Midwest +36.4% South +15.8% and West -9.7%

Starts - 

0.520m

0.540m

0.596m 

Permits - 

0.635m

0.562m

#3) PPI

___Prior____Est___Act

PPI - M/M change	0.9 %	0.8 %	0.8 %
PPI less food & energy - M/M change	0.2 %	0.2 %	0.5 %

Headline and core numbers show signs that inflation is picking up.

PPI - M/M change

0.9 %

0.8 %

0.8 %

PPI less food & energy - M/M change

0.2 %

0.2 %

0.5 %

#4)This Week in Petroleum (Click to view report) 

(Click to view Data)

#5) FOMC Minutes

The pace and magnitude of improvements in the labor markets continues to disappoint the FED. Economic growth prospects for 2011 were seen as improving but they see little change in the employment and inflation picture