by Calculated Risk on 5/22/2025 08:30:00 AM The DOL reported: In the week ending May 17, the advance figure for seasonally adjusted initial claims was 227,000, a decrease of 2,000 from the previous week’s unrevised level of 229,000. The 4-week moving average was 231,500, an increase of 1,000 from the previous week’s unrevised average of…
by Calculated Risk on 5/21/2025 07:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for initial claims of 232 thousand, up from 229 thousand last week. • Also at 8:30 AM, Chicago Fed…
by Calculated Risk on 5/21/2025 03:12:00 PM The ICE Home Price Index (HPI) is a repeat sales index. ICE reports the median price change of the repeat sales. From ICE (Intercontinental Exchange): Annual home price growth nationally slowed to 1.6% in May from 2% in April, as inventory surpluses that began in the Sunbelt spread…
by Calculated Risk on 5/21/2025 01:01:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI April 2025: Billings continue to decline at architecture firms The AIA/Deltek Architecture Billings Index (ABI) score declined to 43.2 for the month. Billings have declined for 28 of the…
by Calculated Risk on 5/21/2025 09:52:00 AM Today, in the Real Estate Newsletter: In Q1 2025, 19% of Units Started Built-for-Rent were Single Family Brief excerpt: Along with the monthly housing starts report for April released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q1 2025. The first…
by Calculated Risk on 5/20/2025 07:41:00 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 10:00 AM, State Employment and Unemployment (Monthly) for April 2025 • During the day,…
by Calculated Risk on 5/20/2025 03:52:00 PM From WardsAuto: U.S. Light-Vehicle Sales Cooling Off in May; Inventory Still Falling (pay content). Brief excerpt: With inventory set to continue declining month-to-month, and the cost to automakers of the tariffs more strongly kicking in by July, sales are likely to continue sequential weakness into the summer –…
by Calculated Risk on 5/20/2025 11:32:00 AM This is something to watch again. 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 switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
Major representatives of the technology sector, including Tesla and Nvidia, led the decline in the shares of the so-called «Magnificent Seven» during pre-market trading in the United States on Monday. The reason for the downward trend was the desire of investors to lock in profits after the recent rally in shares of leading technology companies….
by Calculated Risk on 5/19/2025 07:03:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Briefly Over 7% Before Mid-Day Improvement Mortgage rates jumped sharply over the weekend as financial markets reacted to Moody’s credit rating downgrade of the U.S. News of the downgrade broke with only minutes left in Friday’s market/business day, so…