by Calculated Risk on 12/09/2024 02:15:00 PM From Dodge Data Analytics: Dodge Momentum Index Slides 2% in November The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 2.3% in November to 191.5 (2000=100) from the revised October reading of 196.0. Over the month, commercial planning fell 4.6% while institutional planning improved 2.5%. “Throughout…
by Calculated Risk on 12/09/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.3% week-over-week. Inventory is now 6.7% below the peak for the year (7 weeks ago). Inventory will now decline seasonally until early next year. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph…
by Calculated Risk on 12/08/2024 06:21:00 PM Weekend:• Schedule for Week of December 8, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value). Oil prices were down over the last week with WTI futures at $67.14 per barrel and Brent…
by Calculated Risk on 12/08/2024 08:21:00 AM From CoreLogic: CoreLogic: US Homeowners See Equity Gains Drop by More Than 5 Percent in Q3 CoreLogic® … today released the Homeowner Equity Report (HER) for the third quarter of 2024. The report shows that U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity…
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by Calculated Risk on 12/07/2024 08:11:00 AM The key economic report this week is November CPI. —– Monday, December 9th —– No major economic releases scheduled. —– Tuesday, December 10th —– 6:00 AM: NFIB Small Business Optimism Index for November. —– Wednesday, December 11th —– 7:00 AM ET: The Mortgage Bankers Association (MBA) will release…
by Calculated Risk on 12/06/2024 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 12/06/2024 02:35:00 PM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate has moved up a tenth to 2.9% q/q saar from the second official print of 2.8% q/q saar. Additionally, we initiated our 4Q US GDP tracker on Nov 15th with the October retail sales print. Since…
by Calculated Risk on 12/06/2024 11:33:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in November A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 12/06/2024 10:51:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in November Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, an increase of 0.2% from a year ago. The seasonal…