by Calculated Risk on 10/17/2024 08:45:00 AM The DOL reported: In the week ending October 12, the advance figure for seasonally adjusted initial claims was 241,000, a decrease of 19,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 258,000 to 260,000. The 4-week moving average was 236,250,…
by Calculated Risk on 10/16/2024 07:37:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Retail sales for September will be released. The consensus is for a 0.2% increase in retail sales. • Also at 8:30 AM, The initial weekly unemployment claims report will be released….
by Calculated Risk on 10/16/2024 02:49:00 PM The following graph shows real GDP quarterly (blue, annualized), and the year-over-year change in GDP (red). Click on graph for larger image. The pandemic slump and subsequent economic recovery are cutoff and marked. Source link
by Calculated Risk on 10/16/2024 11:32:00 AM Note: I’ve received a number of requests lately to post this again, so here is another update of tracking employment during Presidential terms. We frequently use Presidential terms as time markers – we could use Speaker of the House, Fed Chair, or any other marker. Important: There are…
by Calculated Risk on 10/15/2024 07:54:00 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. Source link
by Calculated Risk on 10/15/2024 12:13:00 PM Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-October 2024 A brief excerpt: On Friday, in Part 1: Current State of the Housing Market; Overview for mid-October 2024 I reviewed home inventory, housing starts and sales. In Part…
From housing economist Tom Lawler: Below is a table showing changes in various interest rates from the day before the FOMC’s 50 basis point cut in its Fed Funds rate target and last Friday. CR Notes: After the Fed rate cut, the longer-term rates increased (including mortgage rates). The yield curve has reverted … Source…
by Calculated Risk on 10/14/2024 11:19:00 AM Today, in the Calculated Risk Real Estate Newsletter: 2nd 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 10/14/2024 08:17:00 AM Altos reports that active single-family inventory was down 0.3% week-over-week. Inventory is now up 48.3% from the February seasonal bottom. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024. The black line is…
by Calculated Risk on 10/13/2024 09:20:00 AM Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 October. … 29 September through 5 October 2024 (percentage change from comparable week in 2023): • Occupancy: 65.6% (-3.4%)• Average daily rate (ADR): US$156.25 (-4.4%)• Revenue per available room…