by Calculated Risk on 4/17/2025 08:31:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• All US markets will be closed in observance of Good Friday. • AT 10:00 AM ET, State Employment and Unemployment (Monthly) for March 2025 Source link
by Calculated Risk on 4/17/2025 01:05:00 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 March, Realtor.com reported inventory was up 28.5% YoY, but still down 20.2% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 4/17/2025 09:30:00 AM Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.324 million Annual Rate in March A brief excerpt: First, from Reuters: D.R. Horton cuts 2025 revenue forecast on weak demand for homes U.S. homebuilder D.R. Horton lowered its full-year revenue forecast and missed second-quarter profit…
by Calculated Risk on 4/17/2025 08:40:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,324,000. This is 11.4 percent below the revised February estimate of 1,494,000, but is 1.9 percent above the March 2024 rate of 1,299,000. Single-family housing starts…
by Calculated Risk on 4/17/2025 08:31:00 AM The DOL reported: In the week ending April 12, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 223,000 to 224,000. The 4-week moving average was 220,750,…
by Calculated Risk on 4/16/2025 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 224 initial claims up from 223 thousand last week. • At 8:30 AM ET: Housing Starts for March. The…
by Calculated Risk on 4/16/2025 01:30:00 PM From Fed Chair Powell: Economic Outlook Excerpt: Looking forward, the new Administration is in the process of implementing substantial policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation. Those policies are still evolving, and their effects on the economy remain highly uncertain. As we learn…
by Calculated Risk on 4/16/2025 11:29:00 AM From CoStar: US inbound international travel takes 12% hit as economists postpone pre-pandemic recovery to 2029 Whatever hopes the travel industry had in a full recovery to 2019 levels of travel bookings this year have officially been dashed, according to one economist. “Our pre-inauguration forecast expected international travel…
by Calculated Risk on 4/16/2025 10:00:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 40, up from 39 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Levels Indicate Slow Start for Spring Housing…
by Calculated Risk on 4/16/2025 09:15:00 AM From the Fed: Industrial Production and Capacity Utilization Industrial production (IP) decreased 0.3 percent in March but increased at an annual rate of 5.5 percent in the first quarter. The March decline was led by a 5.8 percent drop in the index for utilities, as temperatures were warmer…