At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low • Part 1: Current State of the Housing Market; Overview for mid-February 2025 • Part 2: Current State of the Housing Market; Overview for mid-February…
by Calculated Risk on 2/15/2025 08:11:00 AM The key reports this week are January Housing Starts and Existing Home sales. For manufacturing, the February New York and Philly Fed manufacturing surveys will be released. —– Monday, February 17th —– All US markets will be closed in observance of Washington’s Birthday. —– Tuesday, February 18th —–…
by Calculated Risk on 2/14/2025 07:01:00 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 2/14/2025 01:52:00 PM From BofA: Next week, we will initiate our 1Q GDP tracker … [Feb 14th]emphasis added From Goldman: Following this morning’s retail sales and industrial production reports, we lowered our Q1 GDP tracking estimate by 0.3pp to +2.0% (quarter-over-quarter annualized) and our Q1 domestic final sales forecast by 0.1pp…
by Calculated Risk on 2/14/2025 10:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in January A brief excerpt: The NAR is scheduled to release January Existing Home sales on Friday, February 21st at 10:00 AM. The consensus is for 4.10 million SAAR, down from 4.24 million in…
by Calculated Risk on 2/14/2025 09:15:00 AM From the Fed: Industrial Production and Capacity Utilization Industrial production (IP) increased 0.5 percent in January after moving up 1.0 percent in December. In January, gains in the output of aircraft and parts contributed 0.2 percentage point to total IP growth following the earlier resolution of a work…
by Calculated Risk on 2/14/2025 08:30:00 AM On a monthly basis, retail sales decreased 0.9% from December to January (seasonally adjusted), and sales were up 4.2 percent from January 2024. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for January 2025, adjusted for seasonal variation and holiday and trading-day…
by Calculated Risk on 2/13/2025 07:21:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Retail sales for January is scheduled to be released. The consensus is for a no change in retail sales. • At 9:15 AM, The Fed will release Industrial Production and Capacity…
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-February 2025 A brief excerpt: Earlier this week, in Part 1: Current State of the Housing Market; Overview for mid-February 2025 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house…
Today, in the Calculated Risk Real Estate Newsletter: Q4 NY Fed Report: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low A brief excerpt: The first graph shows mortgage originations by credit score (this includes both purchase and refinance). Look at the difference in credit scores in the recent period compared to the during…