The pace of U.S. economic growth improved in June.  The CFNAI scored 0.13, rebounding nicely from a negative 0.30 in May. On a three month moving average (3MMA), the CFNAI stayed in expansionary territory, (+0.06).

Referencing Realtytrac, there were a total of 428,400 U.S. properties with foreclosure filings, default notices, scheduled auctions or bank repossessions in the first six months of 2017, down 20% from the same time period a year ago and down 28% from the same time period two years ago.

The Conference Board Consumer Confidence Composite index jumped 3.8 points in July to 121.1 points, the highest level since March and 25% higher year on year (y/y). On a three month moving average (3MMA), basis the index measured 118.7, +0.6 points month on month (m/m).

The U.S. labor market is performing well.

The US dollar (USD) has fallen for six consecutive months against the Broad Index, (a trade weighted basket of currencies). The June 2017 Broad index value was 97.77, down 1.3% from the May’s reading and down 2.8% compared to 3 months ago.

Total housing starts were reported at a seasonally adjusted (SA), annual rate of 1,215,000 for the month of June. On a three month moving average (3MMA), basis SA total starts came-in at 1,164,000, a 0.4% year on year (y/y), growth rate.