by Calculated Risk on 6/07/2024 12:36:00 PM The Federal Reserve released the Q1 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $160.8 trillion during the first quarter of 2024. The value of directly and indirectly held corporate equities increased $3.8 trillion and…
by Calculated Risk on 6/06/2024 07:47:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 8:30 AM ET, Employment Report for May. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.9%. 12:00 PM: Q1 Flow of Funds Accounts of…
by Calculated Risk on 6/06/2024 04:01:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for May. The consensus is for 180,000 jobs added, and for the unemployment rate to be unchanged at 3.9%. There were 175,000 jobs added in April, and the unemployment rate was at 3.9%. From Goldman…
by Calculated Risk on 6/06/2024 08:46:00 AM The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $74.6 billion in April, up $6.0 billion from $68.6 billion in March, revised. April exports were $263.7 billion,…
In my morning forecast, I drew attention to the level of 1.2779 and planned to make market entry decisions based on it. Let’s look at the 5-minute chart and see what happened. The rise and formation of a false breakout there led to a sell signal, but after moving down by 12 points, the pressure…
by Calculated Risk on 6/05/2024 07:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Trade Balance report for April from the Census Bureau. The consensus is the trade deficit to be $69.7 billion. The U.S. trade deficit was at $69.4 Billion in March. • Also…
by Calculated Risk on 6/05/2024 01:01:00 PM 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’ve now switched to a new physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since…
by Calculated Risk on 6/04/2024 08:18:00 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 results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for May. This report is for private payrolls…
by Calculated Risk on 6/04/2024 02:13:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the May 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy…
by Calculated Risk on 6/04/2024 10:39:00 AM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September…