Burbank Real Estate Blog

Monday  30

 3 Month & 6 Month Bill Auction

Tuesday 31

 ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

Factory Orders Consensus - -1.2 

Pending Homes Index-The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale.

Motor Vehicle Sales Consensus 12.4 M

Employment Cost Index-Consensus .9% Measures total cost of employee compensation, used to evaluate wage trends in the market place. 

Personal Income Outlays-Consensus .6% Another measure to gauge consumer spending power.

NAPM-Chicago-Consensus 58-Business conditions in the Chicago area, another measure of economic growth.

Construction Spending-Consensus .2% Good indicator of the economy's momentum.

Consumer Confidence -Consensus 105

Farm Prices

4-week Bill Auction

Wednesday 1

Pending Homes Sales Index-Release from NAR Gauges demand and momentum of housing market

ISM Manufacturirng Index Consensus-55.0 Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.

Challenger Job Cut Report Announced corporate layoffs.

MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!

ADP Employment Report-National Employment report based on private payrolls

EIA  Petroleum Status Report-Measures petroleum inventories in the US

Motor Vehicle Sales  Consensus 12.2M

Thursday 2 

Monster Employment Index Job availability compiled by Monsters from 1500+ websites.

BOE Announcement- Bank of England Monetary Policy

ECB Announcement- Interest Rate policy issued by European Central Bank

Jobless Claims Unemployment claims. Consensus 310K

EIA Natural Gas Report

Factory Orders Consensus 1.0%

Money Supply

Friday3

ISM Non Manufacturing Survey Consensus 58.5

Employment Situation-

Nonfarm Payrolls - M/M change  Consensus 125,000    Consensus Range 60,000  to  160,000		Unemployment Rate - Level  Consensus 4.5%    Consensus Range 4.4%  to  4.6%
Average Hourly Earnings - M/M change  Consensus 0.3%    Consensus Range 0.2%  to  0.4%		Average Workweek - Level  Consensus 33.9hrs    Consensus Range 33.8hrs  to  33.9hrs

Busy week ahead and we certainly had an eventful week last week as we saw hefty declines in the both the stock market  (441points) and bond rates......subprime concerns, oil prices still

There you have it! 

Have a great week everyone!

For your Burbank Real Estate needs please visit my website at anaconnell.com! 

Monday 23

3 & 6 Month Bill Auction 

Tuesday 24

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

State Street Investor Confidence Index Measures actual levels of risk in investor portfolio.

4 Week Bill Auction & 20 Year Tips Auction

Wednesday 25

Existing Home Sales-consensus 5.870M..... Year to year this number has dropped 10.3% and housing supply at 8.9 months is at it's highest since 1992.  June sales are not expected to be any better.

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S. 

Beige Book

2 Year Note Auction 

Thursday 26

New Home Sales Consensus 890,000

Durable Goods Orders Consensus  2.0%

Jobless Claims Unemployment claims.  Consensus 312K

Help Wanted Index  

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

5 Year Acution 

Money Supply

Friday 27

Consumer Sentiment Consensus 91

GDP Consensus 3.2%

Last week was interesting as we saw the Dow reach 14,000 and come down 300 points the next day.  Subprime and earnings concerns continue to plague the market.  Overall higher mortgage rates will contribute to a softer housing market.   Job market is tight and higher gasoline prices at the pump continue to put a drag on consumer budgets.

The consensus seems to be that we can expect more volatility going forward.

Have a great week! 

My website is under construction, but come visit me at anaconnell.com!

Monday 16

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus 17.5

3 Month & 6 Month Bill Auction

Tuesday 17

Housing Market Index-Produced by the National Association of Home Builders.  This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.

Producer Price Index  PPI Consensus Forecast for June 07: +0.1 percent 

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

4 Week bill Auction

Industrial Production 

Treasury Int'l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.

Wednesday 18

Fed Chariman Ben Bernanke speaks before the House Financial Services Committee

Housing Starts Consensus 1.450M  Starts slipped in May by 2.1% and so far the consensus points to continued weakness.

CPI-Consumer Price Index- measures average price of a fixed set of goods and services used by consumers.

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

Thursday 19

Fed Chairman Ben Bernanke speaks before Senate Banking Committee on monetary policy.

Jobless Claims Unemployment claims. Consensus 310k

Leading Indicators -Consensus -.1%

Philidelphia Fed Survey- Consensus 14.0

EIA Natural Gas Report-Tracks natural gas inventories.

3 , 6 month Treasury Bill, 20 Year TIPS Announcement  Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Federal Open Market Committee (FOMC) Notes 

Friday 20

Have a great week!

Remember to click on the links for more information on each report.

My website is under construction, but come visit me at anaconnell.com!

Monday 9

3 & 6 Month Bill Auction

Consumer Credit  Consensus 5.6B  

This report represents the overall value of outstanding consumer credit debt.  Very simply put, if demand exceeds supply, interest rates rise.

Tuesday 10

ICSC-USB Store Sales  Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales.  Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

Bank of Canada Monetary Policy Announcement

Wholesale Trade

4 Week bill Auction

Bernanke to speak in Cambridge about U.S. Inflation 

Wednesday 11

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

Thursday 12

International Trade Gauges economic trends by measuring levels of imports and exports.

Jobless Claims Unemployment claims. 

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement , 10 year Tips Auction Investors use this data to attempt to predict future Federal Reserve policy.

Chain Store Sales Another indicator of consumer spending trends.

Treasury Budget  Consensus 30B  

Money Supply

Friday 13

Consumer Sentiment Consensus 86

Retail Sales Consensus 0.0

Import and Export Prices Consensus .6%

RBC Cash Index Monthly national survey of consumer attitudes on the state of the economy.  Consumer spending accounts for two thirds of the economy, so this tends to be an important index.

Last weeks reports came in moderately strong, keeping upward pressure on interest rates.  Crude Oil jumped last week as well, so we'll see what the new week brings! 

My website is under construction, but come visit me at anaconnell.com! 

On April 3rd of this year, the Burbank City Council voted to adopt the proposed second hand smoke ordinance.  If you are a smoker you can still smoke in the City of Burbank, just not at certain locations.  The intent of this ordinance is to limit second hand smoke for non smokers. 

What this means to you is that if you are a smoker you can no longer smoke at venues such as Starbucks.  If you are a non-smoker it means you have more places where you can enjoy the outdoors without worry of encountering second hand smoke.

If you would like more information about this ordinance, please visit this link to get the facts! 

My website is under construction, but come visit me at anaconnell.com! 

Did you know there is a website that will show you where all of the current and upcoming public works projects are located?

This page is available through the City of Burbank site and is an invaluable resource that will keep you up to date on all of our street projects. 

 If you have any specific questions on any project you can call the City's street construction and design people at (818) 238-3915.

My website is under construction, but come visit me at anaconnell.com! 

At the Tuesday night Burbank City Council meeting the Council voted 3-2 to impose more rigorous rules to any developers seeking to build grocery stores in the Rancho area.  

The vote was motivated by the community uproar against Whole Foods trying to build at the site on the corner of Main St. and Alameda Ave.  The old Martino's bakery site.

The community, which is known for it's equestrian neighborhoods, was concerned about the amount of traffic the store would have generated as well as limited parking and the possibility of spooked horses.  They felt the quality of life for the area would go down from the increased traffic and the scores of refrigerated trucks which would need to queue on the adjoining streets.  Overall, activists said the size of the store was too large for the location.

The new process makes it more difficult for a new project to go in as it adds an added level of scrutiny by requiring the new business to apply for a conditional use permit.  Conditional use permits, as the name implies, do add certain conditions which must be adhered to or the business can lose it's permit to operate.

The new rules are being touted as providing more protection for the local residents and possibly sending out mixed messages to developers.  I know that the Trader Joe's in Toluca Lake, on Riverside Drive, operates under a conditional use permit.  When residents feel that the store is not adhering to it's preset conditions they meet with the Trader Joe's management and their Los Angeles City Council representative to iron out any issues.  I understand from talking to local residents,and from being involved in the process, that for the most part the arrangement has worked well in that the community has been able to gain concessions in terms of when and where the delivery trucks are allowed to stage and how the parking was to work for the location.  They also requested a one way alley to reduce possible accidents.

It will be interesting to see what happens next!  Hopefully, the appropriate business can be found for this location where both the business and local residents will be happy.

For your Burbank Real Estate needs please visit my website at anaconnell.com!

Considering that this is 4th of July I thought it would be important to remind everyone that Burbank City Council Meetings are held at 6:30pm every Tuesday evening at Burbank City Hall and replayed every Wednesday at 10am, Fridays at 6pm and Saturdays at 1pm on our very own public access channel, Burbank TV6!

I think that it's important to exercise our hard won freedoms in this country by being informed and by participating as much as we are able in our political process!

Happy 4th everyone!!!!

For your Burbank Real Estate needs please visit my website at anaconnell.com!

Ok, this is an update on my last post!  I went by the Kwik E Mart and shot these pictures!  It was a really funny experience as there were families taking pictures of themselves in front of the Kwik E Mart sign and putting their children in front of the graffitied walls for pictures!!!

There was a line, although I was lucky as the line had died down to 5 people when I got there, when I left there were about 10-12 in line.  They had sold out of everything except for the pink donuts and the Squishi slurpees!

I was told there will be a new shipment of goods arriving tomorrow!  In case you can't read it, the small white sign says 5 Minute parking, violators will be executed!

Happy 4th everyone!  Given that there are no fireworks here in Burbank, Kwik E Mart seems to be the thing this year!

For your Burbank Real Estate needs please visit my website at anaconnell.com!

As it so happens I was driving down the street the other day and noticed that a local 7-11 was undergoing some transformation.  I had no idea what was going on, until I ran across this interesting article!

It turns out that to promote the upcoming Simpsons Movie, coming out on July 27th, they have turned 11 7-11's throughout the country into Kwik-E- Marts. And one of them happens to be on the corner of West Olive Avenue and Verdugo, right here in Burbank!

If you want to experience a little bit of Pop Culture the store shelves are stocked with items such as Buzz Cola and Krusty O's cereal!  

I'm waiting till the lines thin out and I will go by and check it out! 

For your Burbank Real Estate needs please visit my website at anaconnell.com!