by Calculated Risk on 1/16/2025 10:19:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 47, up from 46 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Edges Up Even as Market Risk Concerns…
The cost of oil transportation is showing a noticeable increase, which is associated with forecasts of a decrease in the availability of tankers on the global market. The reason for this is the expansion of US sanctions measures against the Russian navy. The introduction of these restrictions affected freight rates, which increased between 15-35%, depending…
by Calculated Risk on 1/15/2025 08:13:00 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 a increase to 215 thousand from 201 thousand last week. • At 8:30 AM, Retail sales for December…
by Calculated Risk on 1/15/2025 02:38:00 PM Fed’s Beige Book Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December. Consumer spending moved up moderately, with most Districts reporting strong holiday sales that exceeded expectations. Vehicle sales grew modestly. Construction activity decreased overall, with several Districts indicating that…
by Calculated Risk on 1/15/2025 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 33.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 10, 2025. Last week’s results included an adjustment for the…
by Calculated Risk on 1/14/2025 07:49:00 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 results for the mortgage purchase applications index. • At 8:30 AM, The Consumer Price Index for December from the BLS. The consensus is…
by Calculated Risk on 1/14/2025 01:31:00 PM There were four bank failures in 2024. The median number of failures since the FDIC was established in 1933 was 7 – so 2 failures in 2024 was below the median. There were five bank failures in 2023, however 3 of the failures were larger banks: First Republic…
A campaign to impose new sanctions against Russian gas and LNG is gaining momentum in Europe. Ten countries, including Sweden, Ireland, Poland and the three Baltic states, are calling for drastic measures that, in their opinion, should sever the last energy ties between Russia and the European Union. Although Russia’s oil and pipeline gas exports…
by Calculated Risk on 1/13/2025 08:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start New Week The more important consideration is the new round of potential volatility on the horizon. Whereas it was the jobs report last week, this week’s critical data will be Wednesday’s Consumer Price Index (CPI)….
by Calculated Risk on 1/13/2025 02:16:00 PM From the Las Vegas Visitor Authority: November 2024 Las Vegas Visitor Statistics Punctuated by the second annual F1 Las Vegas Grand Prix and the SEMA tradeshow, Las Vegas hosted more than 3.3M visitors in November, slightly up over last year (+0.6% YoY). With a net decrease in churn…