by Calculated Risk on 5/23/2025 02:00:00 PM From BofA: Since our last weekly publication, our 2Q and 1Q GDP tracking are down two-tenths each to +2.0% q/q saar and -0.5% q/q saar, respectively. [May 23rd estimate]emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged at +2.1% (quarter-over-quarter annualized) and our Q2 domestic…
by Calculated Risk on 5/23/2025 10:59:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 743,000 Annual Rate in April Brief excerpt: The Census Bureau reported New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 743 thousand. The previous three months were revised down significantly,…
by Calculated Risk on 5/23/2025 10:00:00 AM The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 743 thousand. The previous three months were revised down significantly, combined. Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates…
The approval by the House of Representatives of what Donald Trump called a “big and beautiful” tax-cut bill, along with a rise in the U.S. composite PMI from 50.6 to 52.1, helped the U.S. dollar regain its footing. EUR/USD fell below the 1.13 level. However, if the U.S.-born financial “contagion” spreads to the broader global…
by Calculated Risk on 5/23/2025 08:09:00 AM From Intercontinental Exchange: ICE First Look at Mortgage Performance: Foreclosure Activity Edges Higher Following Recent Record Lows Intercontinental Exchange, Inc. (NYSE:ICE) … today released its April 2025 First Look, which shows U.S. Department of Veterans Affairs (VA) mortgages progressing through the foreclosure pipeline following the recent moratorium expiration….
by Calculated Risk on 5/22/2025 08:17:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 10:00 AM ET, New Home Sales for April from the Census Bureau. The consensus is for 700 thousand SAAR, down from 724 thousand SAAR in March. Source link
by Calculated Risk on 5/22/2025 04:59:00 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 May, Realtor.com reported inventory was up 30.6% YoY, but still down 16.3% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 5/22/2025 02:01:00 PM The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 17 May. … 11-17 May 2025 (percentage change from comparable week in 2024): • Occupancy: 67.2% (-0.4%)• Average daily rate (ADR): US$166.31 (+1.3%)• Revenue per available room (RevPAR): US$111.80 (+0.9%)emphasis added The following graph…
by Calculated Risk on 5/22/2025 10:52:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.00 million SAAR in April; Down 2.0% YoY Excerpt: Sales in April (4.00 million SAAR) were down 0.5% from the previous month and were 2.0% below the April 2024 sales rate. This was the 3rd consecutive…
by Calculated Risk on 5/22/2025 10:00:00 AM From the NAR: Existing-Home Sales Edged Lower by 0.5% in April Existing-home sales slowed in April, according to the National Association of REALTORS®. Sales dipped in the Northeast and West, grew in the Midwest and were unchanged in the South. Year-over-year, sales declined in three regions and remained…