by Calculated Risk on 9/29/2024 07:08:00 PM Weekend:• Schedule for Week of September 29, 2024 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for September. The consensus is for a reading of 46.5, up from 46.1 in August. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for September. • At 1:55 PM,…
by Calculated Risk on 9/29/2024 01:23:00 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 August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. …
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.0% year-over-year in July • New Home Sales Decrease to 716,000 Annual Rate in August • Inflation Adjusted House Prices 1.5% Below 2022 Peak • Fannie and Freddie: Single Family Serious Delinquency Rate…
by Calculated Risk on 9/28/2024 08:11:00 AM The key report scheduled for this week is the September employment report on Friday. Other key indicators include the September ISM Manufacturing and Services indices and September auto sales. —– Monday, September 30th —– 10:30 AM: Dallas Fed Survey of Manufacturing Activity for September. 9:45 AM: Chicago Purchasing…
by Calculated Risk on 9/27/2024 07:20:00 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 9/27/2024 05:32:00 PM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Ticked Up in August Brief excerpt: Single-family serious delinquencies increased slightly in August, and multi-family serious delinquencies decreased slightly.…Freddie Mac reports that the multi-family delinquencies rate decreased to 0.38% in August, down…
Several cities in Florida are now seeing year-over-year price declines (as inventory surges). • Home prices continued to cool in August, with prices up +3.0% from the same time last year according to the ICE Home Price Index, marking the slowest rate of home price growth in over a year • On an adjusted basis…
by Calculated Risk on 9/27/2024 10:50:00 AM From BofA: Since our last weekly publication, our 3Q GDP tracking estimate is down two-tenths to 2.3% q/q saar while 2Q GDP came in at 3.0% q/q saar in the final official estimate. [Sept 27th estimate]emphasis added From Goldman: The details of yesterday’s durable goods report and this…
by Calculated Risk on 9/27/2024 09:15:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through August 2024. CPI Shelter was up 5.2% year-over-year in August, up from 5.0 in July, and down from the cycle peak of 8.2% in…
by Calculated Risk on 9/26/2024 08:21:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET Personal Income and Outlays, August 2024. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to…