by Calculated Risk on 10/02/2024 02:03:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the September 2024 seasonally adjusted annual sales rate (SAAR) of 477 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May…
by Calculated Risk on 10/02/2024 11:04:00 AM Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National…
by Calculated Risk on 10/01/2024 09:37:00 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 8:15 AM, The ADP Employment Report for September. This report is for private payrolls…
by Calculated Risk on 10/01/2024 05:00:00 PM Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicle Sales up Slightly on SAAR basis; Q3 Volume Down 1.9% (pay site). Sales over the past six months have been mostly in negative territory even though inventory continued to rise. Affordability and a slowdown in…
by Calculated Risk on 10/01/2024 10:01:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 8.0 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.3 million. Total separations changed little…
by Calculated Risk on 9/30/2024 07:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Moderately Higher to Begin The Week Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. … While today’s weakness can’t be reduced to a single factor, the primary motivation was a speech from…
by Calculated Risk on 9/30/2024 02:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.11% month-over-month on a seasonally adjusted (SA) basis in August. On a year-over-year basis,…
by Calculated Risk on 9/30/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.8% week-over-week. Inventory is now up 48.0% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of September 27th, inventory was at 731 thousand (7-day average), compared to 725 thousand…
by Calculated Risk on 9/29/2024 07:08:00 PM Weekend:• Schedule for Week of September 29, 2024 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for September. The consensus is for a reading of 46.5, up from 46.1 in August. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for September. • At 1:55 PM,…
by Calculated Risk on 9/29/2024 01:23:00 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 August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. …