by Calculated Risk on 10/19/2024 08:11:00 AM The key economic reports this week are September New and Existing Home sales. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week. —– Monday, October 21st —– No major economic releases scheduled. —– Tuesday, October 22nd —– 10:00 AM: Richmond Fed Survey…
by Calculated Risk on 10/18/2024 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 10/18/2024 03:49:00 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 10/18/2024 12:54:00 PM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate increased by four-tenths to 3.0% q/q saar. [Oct 18th estimate]emphasis added From Goldman: On net, we lowered our Q3 GDP tracking estimate by 0.1pp to +3.1% (quarter-over-quarter annualized). [Oct 17th estimate] And from the Atlanta Fed:…
by Calculated Risk on 10/18/2024 09:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.354 million Annual Rate in September A brief excerpt: Total housing starts in September were slightly above expectations and starts in July and August were revised up. A solid report. The third graph shows the month-to-month…
by Calculated Risk on 10/18/2024 08:30:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,354,000. This is 0.5 percent below the revised August estimate of 1,361,000 and is 0.7 percent below the September 2023 rate of 1,363,000. Single-family housing starts…
by Calculated Risk on 10/17/2024 07:51:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Housing Starts for September. The consensus is for 1.350 million SAAR, down from 1.356 million SAAR. Source link
by Calculated Risk on 10/17/2024 04:01:00 PM Earlier from the Fed: Industrial Production and Capacity Utilization Industrial production (IP) decreased 0.3 percent in September after advancing 0.3 percent in August. A strike at a major producer of civilian aircraft held down total IP growth by an estimated 0.3 percent in September, and the effects of…
by Calculated Risk on 10/17/2024 12:57:00 PM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in September A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to September 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 10/17/2024 10:00:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 43, up from 41 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Edges Higher Despite Affordability Headwinds With inflation…