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….
by Calculated Risk on 3/04/2025 07:18:00 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 8:15 AM, The ADP Employment Report for February. This report is for private payrolls only (no government)….
by Calculated Risk on 3/04/2025 02:49:00 PM 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 3/03/2025 07:41:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged Over The Weekend Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day and that typically means mortgage lenders raise rates….
by Calculated Risk on 3/03/2025 06:18:00 PM Wards Auto released their estimate of light vehicle sales for January: Despite Affordability Headwind, U.S. Light-Vehicle Sales Rise 3.4% in February (pay site). Continuing January’s trend, market strength was at the two far ends of the affordability scale, as entry-price cars and lower-cost CUVs posted big gains, while the…
by Calculated Risk on 3/03/2025 01:59:00 PM On Friday, I noted: Q1 GDP Tracking: Wide Range, GDPNow Goes Negative GDPNow from the Atlanta Fed went strongly negative in the most recent reading: “The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -1.5 percent on February…
by Calculated Risk on 3/02/2025 06:22:00 PM Weekend:• Schedule for Week of March 2, 2025 Monday:• At 10:00 AM ET, ISM Manufacturing Index for February. The consensus is for the ISM to be at 50.8, down from 50.9 in January. • At 10:00 AM, Construction Spending for January. The consensus is for a 0.2% increase…
by Calculated Risk on 3/02/2025 09:19:00 AM The U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 22 February. … 16-22 February 2025 (percentage change from comparable week in 2024): • Occupancy: 60.3% (-2.7%)• Average daily rate (ADR): US$159.90 (+2.5%)• Revenue per available room (RevPAR): US$96.49 (-0.3%)emphasis added The following graph…