After many months of increasing monthly endorsements, things slowed a bit in September. There has been significant growth each month rising from just over 60,000 in January to over 140,000 in August. Take a look at the chart below.
Click on the image for a larger view.
Any guesses on this slowing of activity? Is it a temporary lull or something more sustanined? It is probably to early to tell right now. We will be keeping an eye on this and report again next month.
Chicago PMI increases in April
2 hours ago