by Calculated Risk on 2/19/2025 04:01:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI January 2025: Architecture firm billings remain soft to start the new year The AIA/Deltek Architecture Billings Index (ABI) score was 45.6 for the month, slightly above the December score….
by Calculated Risk on 2/19/2025 08:30:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,366,000. This is 9.8 percent below the revised December estimate of 1,515,000 and is 0.7 percent below the January 2024 rate of 1,376,000. Single-family housing starts…
by Calculated Risk on 2/18/2025 07:03:00 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 mortgage purchase applications index. • At 8:30 AM, Housing Starts for January. The consensus is for 1.394 million SAAR, down from 1.499 million…
by Calculated Risk on 2/18/2025 10:00:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 42, down from 47 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Falls on Tariff and Housing Cost Concerns…
by Calculated Risk on 2/17/2025 06:23:00 PM Weekend:• Schedule for Week of February 16, 2025 Tuesday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for February. The consensus is for a reading of -1.0, up from -12.6. • At 10:00 AM, The February NAHB homebuilder survey. The consensus is for a…
by Calculated Risk on 2/17/2025 02:08:00 PM I usually celebrate President Washington’s birthday by reading his Farewell Address. A brief excerpt: To the efficacy and permanency of your Union, a Government for the whole is indispensable. No alliances, however strict, between the parts can be an adequate substitute; they must inevitably experience the infractions and…
by Calculated Risk on 2/17/2025 10:47:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in January 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…
The Japanese Yen attracts strong follow-through buying in reaction to the upbeat Q4 GDP. Optimism over the delay of Trump’s reciprocal tariffs provides an additional boost to the JPY. The USD languishes near a two-month low and further contributes to the USD/JPY pair’s slide. The Japanese Yen (JPY) builds on its steady intraday ascent led…
by Calculated Risk on 2/16/2025 06:31:00 PM The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 8 February. … 2-8 February 2025 (percentage change from comparable week in 2024): • Occupancy: 55.9% (-0.5%)• Average daily rate (ADR): US$156.03 (-2.2%)• Revenue per available room (RevPAR): US$87.22 (-2.7%)emphasis added The following graph…
by Calculated Risk on 2/16/2025 09:09:00 AM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For January, Realtor.com reported inventory was up 24.6% YoY, but still down 24.8% compared to the 2017 to 2019 same month levels. …