by Calculated Risk on 9/05/2025 03:58:00 PM Hotel occupancy was weak over the summer months, likely due to less international tourism. The fall months are mostly domestic travel. From STR: U.S. hotel results for week ending 30 August The U.S. hotel industry reported mostly positive year-over-year comparisons, according to CoStar’s latest data through 30 August….
by Calculated Risk on 9/05/2025 03:11:00 PM From BofA: [O]ur 3Q GDP tracking has moved up a tenth to 1.6%. Also, our 2Q GDP tracking is down a tenth to 3.2% from the second estiamte of 2Q GDP by the BEA. [September 5th comment]emphasis added From Goldman: We lowered our Q3 GDP tracking estimate by…
by Calculated Risk on 9/05/2025 12:05:00 PM Today, in the Real Estate Newsletter: What will happen with House Prices? Brief excerpt: Almost every day a journalist or an analyst asks me what will happen with house prices. Every cycle is different, and usually I focus on inventory, sales, and months-of-supply to answer this question. However,…
by Calculated Risk on 9/05/2025 09:11:00 AM The headline jobs number in the August employment report was below expectations and June and July payrolls were revised down by 21,000 combined. A weak report. The participation rate increased, the employment population ratio was unchanged, and the unemployment rate was increased to 4.3%. Prime (25 to 54 Years…
by Calculated Risk on 9/05/2025 08:30:00 AM From the BLS: Employment Situation Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job gain in health care was…
by Calculated Risk on 9/04/2025 08:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM: Employment Report for August. The consensus is for 78,000 jobs added, and for the unemployment rate to increase to 4.3%. Source link
by Calculated Risk on 9/04/2025 03:37:00 PM From the Las Vegas Visitor Authority: July 2025 Las Vegas Visitor Statistics Slower tourism trends of recent months continued in July as the destination saw a ‐12% YoY decline in visitation, hosting approximately 3.1M visitors. The convention segment saw a YoY increase of 10.7% for the month, reflecting…
by Calculated Risk on 9/04/2025 02:55:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the August 2025 seasonally adjusted annual sales rate (SAAR) of 422 thousand. Note: “Heavy trucks – trucks more than 14,000 pounds gross vehicle weight.” Click on graph for larger image. Heavy…
by Calculated Risk on 9/04/2025 12:09:00 PM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. More recently, immigration…
by Calculated Risk on 9/04/2025 10:17:00 AM The BEA reported this morning that light vehicle sales were at 16.07 million in August on a seasonally adjusted annual rate basis (SAAR). This was down 2.9% from the sales rate in July, and up 6.2% from August 2024. Click on graph for larger image. This graph shows…