by Calculated Risk on 10/23/2024 02:48:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firm billings worsened in September The AIA/Deltek Architecture Billings Index (ABI) score was 45.7 for the month, as the majority of firms continued to report declining billings. Despite recently…
by Calculated Risk on 10/23/2024 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024. The Market Composite Index, a measure of mortgage loan…
by Calculated Risk on 10/22/2024 07:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR)….
by Calculated Risk on 10/22/2024 11:46:00 AM Every year I track seasonal retail hiring for hints about holiday retail sales. At the bottom of this post is a graph showing the correlation between October seasonal hiring and holiday retail sales. Here is a graph of retail hiring for previous years based on the BLS employment report: Click on…
by Calculated Risk on 10/21/2024 07:53:00 PM From Matthew Graham at Mortgage News Daily: Rates Jump Quickly to Highest Levels Since July By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we’ve gone from being fairly close to 6% in mid-September to being nearly as close…
by Calculated Risk on 10/21/2024 04:51:00 PM From the MBA: Share of Mortgage Loans in Forbearance Increases to 0.34% in September The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.34% as of September 30, 2024. According to MBA’s estimate, 170,000 homeowners are…
by Calculated Risk on 10/21/2024 11:00:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NMHC on Apartments: “Looser market conditions for the ninth consecutive quarter” Excerpt: From the NMHC: Though the Apartment Market Continues to Loosen, Deal Flow Increases for Third Consecutive Quarter as Debt and Equity Conditions Improve Apartment market conditions showed signs of…
by Calculated Risk on 10/20/2024 06:20:00 PM Weekend:• Schedule for Week of October 20, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 4 and DOW futures are up 12 (fair value). Oil prices were down over the last week with WTI futures at $69.22 per…
by Calculated Risk on 10/20/2024 09:50:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Update on the “Neutral” Rate and Early Read on September Existing Home Sales A brief excerpt: From housing economist Tom Lawler: Early Read on Existing Home Sales in September Based on publicly-available local realtor/MLS reports released across the country…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Housing Starts Decreased to 1.354 million Annual Rate in September • Part 2: Current State of the Housing Market; Overview for mid-October 2024 • 3rd Look at Local Housing Markets in September • Lawler: Changes in Various Interest Rates…