by Calculated Risk on 7/31/2024 07:16:00 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 230 thousand initial claims, down from 235 thousand last week. • At 10:00 AM, ISM Manufacturing Index for…
by Calculated Risk on 7/31/2024 08:18:00 AM From ADP: ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in July; Annual Pay was Up 4.8% Private sector employment increased by 122,000 jobs in July and annual pay was up 4.8 percent year-over-year, according to the July ADP® National Employment ReportTM produced by the…
by Calculated Risk on 7/30/2024 01:23:00 PM The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2024 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and…
by Calculated Risk on 6/23/2024 06:36:00 PM Weekend:• Schedule for Week of June 23, 2024 Monday:• At 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for June. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are little changed (fair value). Oil prices were up over the last week with WTI…
by Calculated Risk on 6/23/2024 01:04:00 PM The U.S. hotel industry reported higher performance results from the previous week but mixed comparisons year over year, according to CoStar’s latest data through 15 June. … 9-15 June 2024 (percentage change from comparable week in 2023): • Occupancy: 70.3% (-0.6%)• Average daily rate (ADR): US$161.70 (+0.9%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Single Family Starts Down Slightly Year-over-year in May; Multi-Family Starts Down 50% • NAR: Existing-Home Sales Decreased to 4.11 million SAAR in May • Lawler: Early Read on Existing Home Sales in May • 4th Look at Local Housing…
by Calculated Risk on 6/22/2024 08:11:00 AM The key reports this week are May New Home sales, the third estimate of Q1 GDP, Personal Income and Outlays for May and the April Case-Shiller house price index. For manufacturing, the June Dallas, Kansas City and Richmond Fed manufacturing surveys will be released. —– Monday, June 24th…
by Calculated Risk on 6/21/2024 07:02:00 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 6/21/2024 02:36:00 PM From BofA: Our 2Q tracking estimate is two tenths higher at 1.8% q/q saar largely due to stronger than expected May payrolls and weaker than expected May CPI and PPI [June 20th estimate]emphasis added From Goldman: We lowered our Q2 GDP tracking estimate by 0.1pp to +1.9% (qoq…
by Calculated Risk on 6/21/2024 10:48:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.11 million SAAR in May Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 2.8% year-over-year compared to May 2023. This was…