by Calculated Risk on 12/23/2024 01:11:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
by Calculated Risk on 12/23/2024 10:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 664,000 Annual Rate in November Brief excerpt: The Census Bureau reported New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined.…The…
by Calculated Risk on 12/23/2024 10:00:00 AM The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined. Sales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000, according to estimates…
by Calculated Risk on 12/23/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.2% week-over-week. Inventory is now 9.7% below the peak for the year (9 weeks ago). Inventory will continue to decline seasonally until early next year and probably bottom in January or February. The first graph shows the seasonal pattern for…
by Calculated Risk on 12/22/2024 06:21:00 PM Weekend:• Schedule for Week of December 22, 2024 • Ten Economic Questions for 2025 Monday:• At 8:30 AM ET,Chicago Fed National Activity Index for November. This is a composite index of other data. • Also at 8:30 AM, Durable Goods Orders for November. The consensus is for a…
by Calculated Risk on 12/22/2024 10:07:00 AM Here is a review of the Ten Economic Questions for 2024. Below are my ten questions for 2025 (I’ve been doing this online every year for 20 years!). These are just questions; I’ll follow up with some thoughts on each of these questions. The purpose of these questions…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 4.15 million SAAR in November • Housing Starts Decreased to 1.289 million Annual Rate in November • 4th Look at Local Housing Markets in November • Lawler: Early Read on Existing Home Sales in…
by Calculated Risk on 12/21/2024 08:11:00 AM Happy Holidays and Merry Christmas! The key economic report this week is November New Home Sales. —– Monday, December 23rd —– 8:30 AM: Chicago Fed National Activity Index for November. This is a composite index of other data. —– Tuesday, December 24th —– 8:30 AM: Durable Goods Orders…
by Calculated Risk on 12/20/2024 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 12/20/2024 02:45:00 PM From WardsAuto: December U.S. Light-Vehicle Sales Brighten Lackluster Year; Unusually High Drain on Inventory (pay content). Brief excerpt: Improved affordability is the main thrust to the end-of-year improvement in demand, with higher consumer confidence also likely a contributing factor. But uncertainty over next year could be pulling sales…