by Calculated Risk on 3/31/2025 10:34:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in February; Up 3.4% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.18% month-over-month on a seasonally adjusted (SA) basis in February. On a year-over-year basis, the…
by Calculated Risk on 3/30/2025 07:11:00 PM Weekend:• Schedule for Week of March 30, 2025 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for March. The consensus is for a reading of 45.5, unchanged from 45.5 in February. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for March. This is the last…
by Calculated Risk on 3/30/2025 10:19:00 AM Another update … a few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 676,000 Annual Rate in February • Case-Shiller: National House Price Index Up 4.1% year-over-year in January • Policy and 2025 Housing Outlook • Fannie and Freddie: Single Family Serious Delinquency Rates Unchanged in February…
Other key reports include the February Trade Deficit and March Auto Sales. For manufacturing, the March ISM Manufacturing and Dallas Fed surveys will be released. Fed Chair Powell speaks on Friday. —– Monday, March 31st —– 9:45 AM: Chicago Purchasing Managers Index for March. The consensus is for a reading of 45.5, unchanged from 45.5…
by Calculated Risk on 3/28/2025 07:15:00 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 3/28/2025 04:38:00 PM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Unchanged in February Excerpt: Freddie Mac reported that the Single-Family serious delinquency rate in February was 0.61%, unchanged from 0.61% January. Freddie’s rate is up year-over-year from 0.54% in February 2024, however,…
by Calculated Risk on 3/28/2025 11:20:00 AM UPDATE: Updated Goldman tracking this morning. From BofA: 1Q GDP tracking is down from our recently updated official forecast of 1.5% q/q saar to 1.0% q/q saar. [Mar 28th estimate]emphasis added From Goldman: We lowered our Q1 GDP tracking estimate by 0.4pp to +0.6% (quarter-over-quarter annualized). [Mar 28th…
by Calculated Risk on 3/28/2025 08:56:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through February 2025. CPI Shelter was up 4.2% year-over-year in February, down from 4.4% in January, and down from the cycle peak of 8.2% in…
by Calculated Risk on 3/28/2025 08:30:00 AM The BEA released the Personal Income and Outlays report for February: Personal income increased $194.7 billion (0.8 percent at a monthly rate) in February, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $191.6 billion (0.9…