by Calculated Risk on 11/18/2024 12:47:00 PM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in October A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to October 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 11/17/2024 06:57:00 PM Weekend:• Schedule for Week of November 17, 2024 Monday:• At 10:00 AM ET, The November NAHB homebuilder survey. The consensus is for a reading of 42, down from 44. Any number below 50 indicates that more builders view sales conditions as poor than good. From CNBC: Pre-Market Data…
Yesterday, the euro and pound quickly lost ground against the US dollar after Federal Reserve Chair Jerome Powell confirmed traders’ concerns by stating that recent data provides the central bank with room to lower interest rates cautiously. “The economy is not signaling any need for us to rush into rate cuts,” Powell said on Thursday…
by Calculated Risk on 11/17/2024 08:57:00 AM As projected for election week, the U.S. hotel industry reported negative year-over-year performance comparisons, according to CoStar’s latest data through 9 November. … 3-9 November 2024 (percentage change from comparable week in 2023): • Occupancy: 62.6% (-3.5%)• Average daily rate (ADR): US$156.11 (-0.1%)• Revenue per available room (RevPAR):…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Part 1: Current State of the Housing Market; Overview for mid-November 2024 • Part 2: Current State of the Housing Market; Overview for mid-November 2024 • NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low •…
by Calculated Risk on 11/16/2024 08:11:00 AM The key economic reports this week are Housing Starts and Existing Home sales. For manufacturing, the November Philly and Kansas City Fed surveys, will be released this week. —– Monday, November 18th —– 10:00 AM: The November NAHB homebuilder survey. The consensus is for a reading of 42,…
by Calculated Risk on 11/15/2024 07:46:00 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 11/15/2024 03:22:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in October 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 home sales as estimated by the National…
by Calculated Risk on 11/15/2024 02:40:00 PM From BofA: Next week, we will initiate our 4Q GDP tracker after the October retail sales print today and October industrial production, housing starts, existing home sales and September business inventories will impact our 3Q and 4Q tracking estimate. [Current forecast 2.0%, Nov 15th]emphasis added From Goldman: Following…
Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-November 2024 A brief excerpt: Yesterday, in Part 1: Current State of the Housing Market; Overview for mid-November 2024 I reviewed home inventory, housing starts and sales. In Part 2, I will look at house prices, mortgage…