by Calculated Risk on 6/03/2024 09:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Fully Erase Last Week’s Spike Sharp improvements in the bond market led to another nice drop in mortgage rates. The average lender is now back to the lowest levels in nearly 2 weeks, but not yet back to the…
The Dow Jones Transportation Average (.DJT) is down about 5% this year, in stark contrast to the S&P 500’s (.SPX) 9% year-to-date gain and the Dow Jones Industrial Average’s (.DJI) 1% gain, which topped 40,000 for the first time this month. While major indexes like the S&P 500, Nasdaq Composite (.IXIC), and Dow have all…
by Calculated Risk on 6/03/2024 01:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in April; Up 6.5% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.5% in April, down from up 6.6% YoY in March. The YoY increase peaked at 19.1% in…
by Calculated Risk on 6/02/2024 06:15:00 PM Weekend:• Schedule for Week of June 2, 2024 Monday:• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.7, up from 49.2 in April. • Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.2%…
by Calculated Risk on 6/02/2024 08:21:00 AM The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 25 May. … 19-25 May 2024 (percentage change from comparable week in 2023): • Occupancy: 67.7% (+1.6%)• Average daily rate (ADR): US$160.67 (+2.3%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 6.5% year-over-year in March • Inflation Adjusted House Prices 2.2% Below Peak • Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly • Final Look at Local Housing…
by Calculated Risk on 6/01/2024 08:11:00 AM The key report scheduled for this week is the May employment report. Other key reports include the May ISM Manufacturing, Vehicle Sales and April trade balance. —– Monday, June 3rd —– 10:00 AM: ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.7,…
by Calculated Risk on 5/31/2024 07:10:00 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 5/31/2024 01:01:00 PM From BofA: 1Q GDP was revised down by three-tenths to 1.3% q/q saar, which was broadly in line with our expectations. Meanwhile, our estimate of 2Q GDP ended up unchanged at 1.8% q/q saar from a week ago. [May 31st estimate]emphasis added From Goldman: The consumption details in…
by Calculated Risk on 5/31/2024 09:48:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly Brief excerpt: Single-family serious delinquencies decreased in April, and multi-family serious delinquencies increased slightly.…Freddie Mac reports that the multi-family delinquencies rate increased to 0.35% in April,…