by Calculated Risk on 3/25/2025 11:22:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 676,000 Annual Rate in February Brief excerpt: The Census Bureau reported New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 676 thousand. The previous three months were revised down, combined.…The…
by Calculated Risk on 3/24/2025 07:34:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start New Week The average mortgage lender raised rates modestly on Monday morning–a logical move considering the weakness in the bond market over the weekend. Rates are based directly on bonds. Bond “weakness” means investors are…
by Calculated Risk on 3/24/2025 02:51:00 PM This is something to watch with less international travel. Here are the daily travel numbers from the TSA. This data is as of March 23, 2025. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA (Blue). Air travel is…
by Calculated Risk on 3/24/2025 11:18:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Policy and 2025 Housing Outlook Excerpt: I started the year taking Fed Chair Jerome Powell’s approach to the impact of policy: I’d wait to see what was implemented before changing my outlook. Now we know a little more. Although there is…
by Calculated Risk on 3/23/2025 06:51:00 PM Weekend:• Schedule for Week of March 23, 2025 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for February. This is a composite index of other data. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 25 and DOW futures are up 160 (fair value)….
by Calculated Risk on 3/23/2025 10:05:00 AM Last week, in the CalculatedRisk Real Estate Newsletter on March existing home sales, NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY, I noted: On a month-over-month basis, median prices increased 1.3% from January and are now down 6.7% from the June 2024 peak. This…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY • Housing Starts Increased to 1.501 million Annual Rate in February • Lennar: “Didn’t see typical seasonal pickup after February” • Lawler: Early Read on Existing…
by Calculated Risk on 3/22/2025 08:11:00 AM The key reports scheduled for this week include February New Home sales, the 3rd estimate of Q4 GDP, February Personal Income & Outlays, and January Case-Shiller house prices. For manufacturing, the March Richmond and Kansas City Fed surveys will be released. —– Monday, March 24th —– 8:30 AM ET:…
by Calculated Risk on 3/21/2025 07:28:00 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…
Today, in the CalculatedRisk Real Estate Newsletter: Lennar: “Didn’t see typical seasonal pickup after February” Full text: This is a short note … The Lennar headline is from a comment this morning. This is just one anecdote, but I believe the housing market will be impacted by policy. I started the year taking Fed Chair…