by Calculated Risk on 3/18/2025 02:58:00 PM From the Las Vegas Visitor Authority: January 2025 Las Vegas Visitor Statistics Las Vegas started the year with January visitation of approx. 3.34M visitors, down 1.1% from last January. Las Vegas convention attendance reached roughly 629k in January, up 12.8% YoY, supported in part by strong attendance at…
by Calculated Risk on 3/18/2025 09:38:00 AM Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Increased to 1.501 million Annual Rate in February A brief excerpt: Total housing starts in February were above expectations; however, starts in December and January were revised down slightly, combined. The third graph shows the month-to-month comparison for…
by Calculated Risk on 3/17/2025 08:55:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Tuesday:• At 8:30 AM ET, Housing Starts for February. The consensus is for 1.383 million SAAR, up from 1.366 million SAAR. • At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for February….
by Calculated Risk on 3/17/2025 03:30:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in February; Recent Rent Trends at Two Large Publicly Traded Companies in the Single-Family Rental Business A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the…
by Calculated Risk on 3/17/2025 10:00:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 39, down from 42 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Falls on Cost Uncertainty Economic uncertainty, the…
by Calculated Risk on 3/16/2025 06:29:00 PM Weekend:• Schedule for Week of March 16, 2025 • FOMC Preview Monday:• At 8:30 AM ET, Retail sales for February is scheduled to be released. The consensus is for a 0.7% increase in retail sales. • Also at 8:30 AM, The New York Fed Empire State manufacturing survey…
by Calculated Risk on 3/16/2025 09:56:00 AM Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent. Market participants currently expect the FOMC to be on hold at the March and May meetings, with the next rate cut in June,…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • The “Home ATM” Mostly Closed in Q4 • Q4 Update: Delinquencies, Foreclosures and REO • Part 1: Current State of the Housing Market; Overview for mid-March 2025 • Part 2: Current State of the Housing Market; Overview for mid-March…
by Calculated Risk on 3/15/2025 08:11:00 AM The key reports this week are February Retail sales, Housing Starts and Existing Home Sales. The FOMC meets this week, and no change to policy is expected. For manufacturing, the February Industrial Production report and the March NY and Philly Fed manufacturing surveys will be released. —– Monday,…
by Calculated Risk on 3/14/2025 07:15:00 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…