by Calculated Risk on 5/23/2024 10:00:00 AM The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 634 thousand. The previous three months were revised down. Sales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released…
by Calculated Risk on 5/23/2024 08:30:00 AM The DOL reported: In the week ending May 18, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 8,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 219,750,…
by Calculated Risk on 5/22/2024 07:51:00 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 220 thousand initial claims, down from 222 thousand last week. • Also at 8:30 AM, Chicago Fed National…
by Calculated Risk on 5/22/2024 03:48:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI April 2024: Pace of billings decline at architecture firms slows slightly While the AIA/Deltek Architecture Billings Index (ABI) score for the month rose from 43.6 in March to 48.3…
by Calculated Risk on 5/22/2024 02:00:00 PM From the Fed: Minutes of the Federal Open Market Committee, April 30–May 1, 2024. Excerpt: Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee’s 2 percent objective. The recent monthly data had…
by Calculated Risk on 5/22/2024 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 17, 2024. The Market Composite Index, a measure of mortgage…
by Calculated Risk on 5/21/2024 07:22:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Existing Home Sales for April from the National Association of Realtors (NAR)….
by Calculated Risk on 5/21/2024 01:00:00 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 5/20/2024 08:05:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Close Enough to Unchanged Over The Weekend Technically, today’s average mortgage rates are higher for a third straight business day, but most prospective borrowers won’t even notice. For many lenders, the changes are so small that the average borrower…
by Calculated Risk on 5/20/2024 12:00:00 PM Today, in the Calculated Risk Real Estate Newsletter: 4th Look at Local Housing Markets in April; California Home Sales Up 4.4% YoY in April A brief excerpt: The NAR is scheduled to release April existing home sales on Wednesday, May 22nd. The consensus is for 4.18 million SAAR,…