At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Decreased to 3.86 million SAAR in August • Housing Starts Increased to 1.356 million Annual Rate in August • Part 2: Current State of the Housing Market; Overview for mid-September 2024 • Q2 Update: Delinquencies, Foreclosures…
by Calculated Risk on 9/21/2024 08:11:00 AM The key reports this week are August New Home sales, the third estimate of Q2 GDP, Personal Income and Outlays for August, and Case-Shiller house prices for July. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week. —– Monday, September 23rd —–…
by Calculated Risk on 9/20/2024 06:44:00 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 9/20/2024 11:26:00 AM From Goldman: We left our Q3 GDP tracking estimate unchanged at +3.0% (quarter-over-quarter annualized) and our domestic final sales forecast unchanged at +2.9%.emphasis added [Sept 19th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third…
by Calculated Risk on 9/20/2024 09:01:00 AM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 September. … 8-14 September 2024 (percentage change from comparable week in 2023): • Occupancy: 66.6% (-1.7%)• Average daily rate (ADR): US$162.05 (+0.2%)• Revenue per available room (RevPAR): US$107.86 (-1.4%)emphasis added The following…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, State Employment and Unemployment (Monthly) for August 2024 Source link
by Calculated Risk on 9/19/2024 02:48:00 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. …
by Calculated Risk on 9/19/2024 11:15:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.86 million SAAR in August Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 4.2% year-over-year compared to August 2023. This was…
by Calculated Risk on 9/19/2024 10:00:00 AM From the NAR: Existing-Home Sales Declined 2.5% in August In August 2024, existing-home sales fell in the South, West, and Northeast, while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast.emphasis added Click on graph for larger image. This graph…
by Calculated Risk on 9/19/2024 08:30:00 AM The DOL reported: In the week ending September 14, the advance figure for seasonally adjusted initial claims was 219,000, a decrease of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 230,000 to 231,000. The 4-week moving average was 227,500,…