by Calculated Risk on 8/04/2024 09:41:00 PM Weekend:• Schedule for Week of August 4, 2024 Monday:• At 10:00 AM ET, the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. • At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) for July. From…
by Calculated Risk on 8/04/2024 08:11:00 AM The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July. … 21-27 July 2024 (percentage change from comparable week in 2023): • Occupancy: 72.0% (-0.4%)• Average daily rate (ADR): US$164.45 (+1.3%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.9% year-over-year in May • Inflation Adjusted House Prices 1.9% Below 2022 Peak • Freddie Mac House Price Index Increased Slightly in June; Up 5.1% Year-over-year • Fannie and Freddie: Single Family Serious…
by Calculated Risk on 8/03/2024 08:11:00 AM This will be a light week for economic data. The key report this week is the June Trade Deficit. —– Monday, August 5th —– 10:00 AM: the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. 2:00 PM: Senior Loan…
by Calculated Risk on 8/02/2024 07:05:00 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 8/02/2024 02:33:00 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 June, Realtor.com reported inventory was up 36.6% YoY, but still down 30.6% compared to April 2017 to 2019 levels. Now –…
by Calculated Risk on 8/02/2024 12:03:00 PM The BEA released their estimate of light vehicle sales for July this morning. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and BEA’s estimate for July (red). Sales in July (15.82 million SAAR) were up 4.2% from June,…
by Calculated Risk on 8/01/2024 07:40:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for July. The consensus is for 175,000 jobs added, and for the unemployment rate to be unchanged at 4.1% Source link
by Calculated Risk on 8/01/2024 03:01:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for July. The consensus is for 175,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 206,000 jobs added in June, and the unemployment rate was at 4.1%. From Goldman…
by Calculated Risk on 7/31/2024 07:16:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims, down from 235 thousand last week. • At 10:00 AM, ISM Manufacturing Index for…