by Calculated Risk on 5/21/2025 03:12:00 PM The ICE Home Price Index (HPI) is a repeat sales index. ICE reports the median price change of the repeat sales. From ICE (Intercontinental Exchange): Annual home price growth nationally slowed to 1.6% in May from 2% in April, as inventory surpluses that began in the Sunbelt spread…
by Calculated Risk on 5/21/2025 01:01:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI April 2025: Billings continue to decline at architecture firms The AIA/Deltek Architecture Billings Index (ABI) score declined to 43.2 for the month. Billings have declined for 28 of the…
by Calculated Risk on 5/21/2025 09:52:00 AM Today, in the Real Estate Newsletter: In Q1 2025, 19% of Units Started Built-for-Rent were Single Family Brief excerpt: Along with the monthly housing starts report for April released last week, the Census Bureau also released Housing Units Started by Purpose and Design through Q1 2025. The first…
by Calculated Risk on 5/20/2025 07:41:00 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, State Employment and Unemployment (Monthly) for April 2025 • During the day,…
by Calculated Risk on 5/20/2025 03:52:00 PM From WardsAuto: U.S. Light-Vehicle Sales Cooling Off in May; Inventory Still Falling (pay content). Brief excerpt: With inventory set to continue declining month-to-month, and the cost to automakers of the tariffs more strongly kicking in by July, sales are likely to continue sequential weakness into the summer –…
by Calculated Risk on 5/20/2025 11:32:00 AM This is something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
by Calculated Risk on 5/19/2025 07:03:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Briefly Over 7% Before Mid-Day Improvement Mortgage rates jumped sharply over the weekend as financial markets reacted to Moody’s credit rating downgrade of the U.S. News of the downgrade broke with only minutes left in Friday’s market/business day, so…
by Calculated Risk on 5/19/2025 01:55:00 PM There were still a large number of ships unloading in April. We should see a sharp drop in May traffic due to the tariffs. Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report…
by Calculated Risk on 5/19/2025 10:51:00 AM Today, in the Calculated Risk Real Estate Newsletter: “How do you grade the Spring housing market?” A brief excerpt: Last week, Housing Wire Editor in Chief Sarah Wheeler asked Lead Analyst Logan Mohtashami the above question: “How do you grade the Spring housing market?” My friend Logan replied:…
by Calculated Risk on 5/18/2025 06:16:00 PM Weekend:• Schedule for Week of May 18, 2025 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 43 and DOW futures are down 267 (fair value). Oil prices were up over the last week with WTI futures at $62.49 per…