by Calculated Risk on 1/20/2025 02:04:00 PM Today, in the Calculated Risk Real Estate Newsletter: 1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006 A brief excerpt: Although total housing starts decreased 3.9% in 2024 compared to 2023, completions increased sharply year-over-year. There were 1.731 million total completions and placements in…
by Calculated Risk on 1/20/2025 11:17:00 AM From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. For the full year 2024, total U.S. carloads were 11.34 million, down 2.9% (343,156 carloads) from 2023 and down 2.3% (265,491 carloads) from 2022. … Carloads excluding coal, on the other hand,…
by Calculated Risk on 1/19/2025 07:16:00 PM Weekend:• Schedule for Week of January 19, 2025 Monday:• All US markets will be closed in observance of Martin Luther King Jr. Day Oil prices were up over the last week with WTI futures at $77.88 per barrel and Brent at $80.79 per barrel. A year ago, WTI…
by Calculated Risk on 1/19/2025 08:14:00 AM The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 11 January. … 5-11 January 2025 (percentage change from comparable week in 2024): • Occupancy: 49.2% (-7.7%)• Average daily rate (ADR): US$144.03 (-5.9%)• Revenue per available room (RevPAR): US$70.92 (-13.2%)emphasis added The following graph…
ArchiveJan 2025 (75)Dec 2024 (127)Nov 2024 (118)Oct 2024 (125)Sep 2024 (112)Aug 2024 (80)Jul 2024 (124)Jun 2024 (122)May 2024 (130)Apr 2024 (125)Mar 2024 (127)Feb 2024 (119)Jan 2024 (129)Dec 2023 (124)Nov 2023 (125)Oct 2023 (130)Sep 2023 (126)Aug 2023 (139)Jul 2023 (121)Jun 2023 (129)May 2023 (137)Apr 2023 (129)Mar 2023 (139)Feb 2023 (119)Jan 2023 (129)Dec 2022 (133)Nov 2022 (131)Oct…
by Calculated Risk on 1/18/2025 08:11:00 AM The key report this week is December Existing Home Sales. —– Monday, January 20th —– All US markets will be closed in observance of Martin Luther King Jr. Day “Our lives begin to end the day we become silent about things that matter.” Martin Luther King Jr. —–…
by Calculated Risk on 1/17/2025 07:48:00 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 1/17/2025 03:31:00 PM From BofA: Since our last weekly publication, our 4Q GDP tracking estimate has moved up three-tenths to 2.1% q/q saar. [Jan 17th estimate]emphasis added From Goldman: Following this morning’s data, we boosted our Q4 GDP tracking estimate by 0.1pp to +2.6% (quarter-over-quarter annualized) and our Q4 domestic final…
by Calculated Risk on 1/17/2025 12:06:00 PM From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.15 million in December, unchanged from November’s preliminary pace…
by Calculated Risk on 1/17/2025 09:29:00 AM Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Increased to 1.499 million Annual Rate in December A brief excerpt: Total housing starts in December were above expectations and starts in October and November were revised up. The third graph shows the month-to-month comparison for total starts…