by Calculated Risk on 4/02/2025 01:16:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the March 2025 seasonally adjusted annual sales rate (SAAR) of 403 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May…
by Calculated Risk on 4/02/2025 09:51:00 AM Today, in the Calculated Risk Real Estate Newsletter: Moody’s: Q1 2025 Apartment Vacancy Rate Highest Since 2010; Office Vacancy Rate at Record High A brief excerpt: From Moody’s Analytics Economists: Q1 Moody’s CRE Preliminary Trend Analysis The national multifamily market has been under supply-side pressure over the past…
It will be another key week for the US labour market with the ADP and NFP releases. The US private sector is expected to add 105K new jobs in March. The US Dollar Index appears to have embarked on a consolidative phase. The US labor market is poised to steal the spotlight this week as…
by Calculated Risk on 4/01/2025 08:57:00 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 8:15 AM, The ADP Employment Report for March. This report is for private payrolls…
by Calculated Risk on 4/01/2025 06:32:00 PM Wards Auto released their estimate of light vehicle sales for March: March U.S. Light-Vehicle Sales Surge in Preemptive Move to Potential Tariff-Based Price Increases (pay site). March sales were proof that U.S. consumers are very much paying attention to tariffs, as demand on a seasonally adjusted annualized basis surged…
by Calculated Risk on 4/01/2025 10:31:00 AM From the Census Bureau reported that overall construction spending decreased: Construction spending during February 2025 was estimated at a seasonally adjusted annual rate of $2,195.8 billion, 0.7 percent above the revised January estimate of $2,179.9 billion. The February figure is 2.9 percent above the February 2024 estimate of…
by Calculated Risk on 3/31/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Lower, But Remain Broadly Sideways Sideways” has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70%…
by Calculated Risk on 3/31/2025 02:36:00 PM Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National…
by Calculated Risk on 3/31/2025 10:34:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in February; Up 3.4% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.18% month-over-month on a seasonally adjusted (SA) basis in February. On a year-over-year basis, the…
by Calculated Risk on 3/30/2025 07:11:00 PM Weekend:• Schedule for Week of March 30, 2025 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for March. The consensus is for a reading of 45.5, unchanged from 45.5 in February. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for March. This is the last…