by Calculated Risk on 3/07/2025 05:13:00 PM From Manheim Consulting today: Wholesale Used-Vehicle Prices Decreased in February Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, which reflects a 0.1% increase from a year ago. The…
by Calculated Risk on 3/07/2025 01:24:00 PM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. … Apartment List:…
Despite elevated levels of uncertainty, the U.S. economy continues to be in a good place. The labor market is solid, and inflation has moved closer to our 2 percent longer-run goal. At the Federal Reserve, we are intently focused on the dual-mandate goals given to us by Congress: maximum employment and stable prices. Recent Economic…
by Calculated Risk on 3/07/2025 10:35:00 AM Special Note: There was a surge in gold imports in January. There is a time lag for when the imported gold will show up in inventories. GDPNow will correct for this once the gold is included as an increase in inventories, but currently GDPNow just included the import…
by Calculated Risk on 3/07/2025 09:05:00 AM The headline jobs number in the February employment report was slightly below expectations, and December and January payrolls were revised down by 2,000 combined. The participation rate and the employment population ratio decreased, and the unemployment rate increased to 4.1%. Prime (25 to 54 Years Old) Participation Since…
by Calculated Risk on 3/06/2025 07:10:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for February. The consensus is for 158,000 jobs added, and for the unemployment rate to be unchanged at 4.0%. • At 12:30 PM: Speech, Fed Chair Jerome Powell,…
by Calculated Risk on 3/06/2025 02:34:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus is for 158,000 jobs added, and for the unemployment rate to be unchanged at 4.0%. From Goldman Sachs: We estimate nonfarm payrolls rose by 170k in February, slightly above consensus of…
by Calculated Risk on 3/06/2025 08:30:00 AM The DOL reported: In the week ending March 1, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 21,000 from the previous week’s unrevised level of 242,000. The 4-week moving average was 224,250, an increase of 250 from the previous week’s unrevised average of…
by Calculated Risk on 3/05/2025 07:45:00 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 234 initial claims down from 242 thousand last week. • Also, at 8:30 AM, U.S. International Trade in…
by Calculated Risk on 3/05/2025 11:14:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Brief excerpt: Property Insurance Premiums Increased Sharply in 2024 Here is a chart from the Mortgage Monitor. These increases are largely being driven by losses due to natural disasters….