by Calculated Risk on 8/22/2024 09:01:00 AM CR Note: On vacation. I will return on Thursday, Sept 5th (If I don’t get lost!) In December 2006, my friend Doris “Tanta” Dungey started writing for Calculated Risk. When some people say that here are few women bloggers in finance and economics, I remind them that Tanta…
by Calculated Risk on 8/19/2024 07:01:00 PM I’ll be out of contact until Sept 5th. The key housing reports over the next two weeks are existing home sales on Thursday, New Home sales on Friday, and the Case-Shiller house price index next Tuesday. Best to all! Source link
by Calculated Risk on 8/19/2024 04:31:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
by Calculated Risk on 8/19/2024 10:44:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in July and 3rd Look at Local Housing Markets A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing…
by Calculated Risk on 8/19/2024 08:12:00 AM Altos reports that active single-family inventory was up 0.8% week-over-week. Inventory is now up 41.4% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of August 16th, inventory was at 698 thousand (7-day average), compared to 693 thousand…
by Calculated Risk on 8/18/2024 06:46:00 PM Weekend:• Schedule for Week of August 18, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 6 and DOW futures are up 39 (fair value). Oil prices were up mostly unchanged over the last week with WTI futures at…
by Calculated Risk on 8/18/2024 09:12:00 AM The U.S. hotel industry reported positive comparisons year over year, according to CoStar’s latest data through 10 August. … 4-10 August 2024 (percentage change from comparable week in 2023): • Occupancy: 68.7% (+0.5%)• Average daily rate (ADR): US$159.49 (+1.4%)• Revenue per available room (RevPAR): US$109.51 (+1.9%)emphasis added The…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Housing Starts: Single Family Down Year-15% over-year in July; Multi-Family Down 18% YoY • Part 1: Current State of the Housing Market; Overview for mid-August 2024 • Part 2: Current State of the Housing Market; Overview for mid-August 2024…
by Calculated Risk on 8/17/2024 08:11:00 AM The key reports this week are July New and Existing Home sales. Fed Chair Jerome Powell will speak on the “Economic Outlook” at the Jackson Hole Symposium on Friday. The BLS will release the preliminary employment benchmark revision on Wednesday. —– Monday, August 19th —– No major economic…
by Calculated Risk on 8/16/2024 07:31:00 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…