by Calculated Risk on 3/04/2025 07:18:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for February. This report is for private payrolls only (no government)….
by Calculated Risk on 3/04/2025 02:49:00 PM This is something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
by Calculated Risk on 3/03/2025 07:41:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged Over The Weekend Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day and that typically means mortgage lenders raise rates….
by Calculated Risk on 3/03/2025 06:18:00 PM Wards Auto released their estimate of light vehicle sales for January: Despite Affordability Headwind, U.S. Light-Vehicle Sales Rise 3.4% in February (pay site). Continuing January’s trend, market strength was at the two far ends of the affordability scale, as entry-price cars and lower-cost CUVs posted big gains, while the…
The bitcoin exchange rate went up sharply after Trump’s words about the creation of the US crypto reserve. The American president said that the new reserve will include bitcoin, ethereum, XRP, solana and cardano. All of these cryptocurrencies have also shown growth. The current quote of the BTC/USD pair is $91,442, and the local maximum…
by Calculated Risk on 3/03/2025 01:59:00 PM On Friday, I noted: Q1 GDP Tracking: Wide Range, GDPNow Goes Negative GDPNow from the Atlanta Fed went strongly negative in the most recent reading: “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 percent on February…
by Calculated Risk on 3/02/2025 06:22:00 PM Weekend:• Schedule for Week of March 2, 2025 Monday:• At 10:00 AM ET, ISM Manufacturing Index for February. The consensus is for the ISM to be at 50.8, down from 50.9 in January. • At 10:00 AM, Construction Spending for January. The consensus is for a 0.2% increase…
by Calculated Risk on 3/02/2025 09:19:00 AM The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 22 February. … 16-22 February 2025 (percentage change from comparable week in 2024): • Occupancy: 60.3% (-2.7%)• Average daily rate (ADR): US$159.90 (+2.5%)• Revenue per available room (RevPAR): US$96.49 (-0.3%)emphasis added The following graph…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Decrease to 657,000 Annual Rate in January • Case-Shiller: National House Price Index Up 3.9% year-over-year in December • Inflation Adjusted House Prices 1.0% Below 2022 Peak • Freddie Mac House Price Index Increased in January;…
by Calculated Risk on 3/01/2025 08:11:00 AM The key report scheduled for this week is the February employment report. Fed Chair Powell speaks on the economic outlook on Friday. —– Monday, March 3rd —– 10:00 AM: ISM Manufacturing Index for February. The consensus is for the ISM to be at 50.8, down from 50.9 in…