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…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • ICE Mortgage Monitor: Insurance Costs “Spike”, Especially in Florida • House Prices to Income • Part 1: Current State of the Housing Market; Overview for mid-October 2024 • 1st Look at Local Housing Markets in September This is usually…
by Calculated Risk on 10/12/2024 08:11:00 AM The key economic reports this week are September Retail Sales and Housing Starts. For manufacturing, September Industrial Production, and the October New York and Philly Fed surveys will be released this week. —– Monday, October 14th —– Columbus Day Holiday: Banks will be closed in observance of Columbus…
by Calculated Risk on 10/11/2024 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 10/11/2024 01:50:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 10/11/2024 10:47:00 AM Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-October 2024 A brief excerpt: This 2-part overview for mid-October provides a snapshot of the current housing market. I always focus first on inventory, since inventory usually tells the tale!…
by Calculated Risk on 10/11/2024 08:10:00 AM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate is unchanged at 2.6% q/q saar. [Oct 11th estimate]emphasis added From Goldman: We left our Q3 GDP tracking estimate unchanged at +3.2% (quarter-over-quarter annualized) and our Q3 domestic final sales forecast unchanged at +2.8%. [Oct 8th…
by Calculated Risk on 10/10/2024 07:42:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, The Producer Price Index for September from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI. • At 10:00 AM, University of…
by Calculated Risk on 10/10/2024 04:11:00 PM The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in September. The 16% trimmed-mean Consumer Price Index increased 0.3%. “The median CPI and 16% trimmed-mean CPI are measures of core inflation…
by Calculated Risk on 10/10/2024 01:24:00 PM Today, in the Calculated Risk Real Estate Newsletter: House Prices to Income A brief excerpt: One of the metrics we’d like to follow is a ratio of house prices to incomes. Unfortunately, most income data is released with a significantly lag, and there are always questions about which…