by Calculated Risk on 9/20/2024 11:26:00 AM From Goldman: We left our Q3 GDP tracking estimate unchanged at +3.0% (quarter-over-quarter annualized) and our domestic final sales forecast unchanged at +2.9%.emphasis added [Sept 19th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third…
by Calculated Risk on 9/20/2024 09:01:00 AM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 September. … 8-14 September 2024 (percentage change from comparable week in 2023): • Occupancy: 66.6% (-1.7%)• Average daily rate (ADR): US$162.05 (+0.2%)• Revenue per available room (RevPAR): US$107.86 (-1.4%)emphasis added The following…
September 20, 2024September 20, 2024 Shares of Infosys Ltd. are trading flat after reaching a day’s high of Rs 1,915 on 20th September, following the company’s announcement of its decision to invest up to Rs 17 crore (approximately $2 million) in GalaxEye Space Solutions Private Ltd, a spacetech startup,…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, State Employment and Unemployment (Monthly) for August 2024 Source link
by Calculated Risk on 9/19/2024 02:48:00 PM 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 August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 9/19/2024 11:15:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.86 million SAAR in August Excerpt: Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 4.2% year-over-year compared to August 2023. This was…
by Calculated Risk on 9/19/2024 10:00:00 AM From the NAR: Existing-Home Sales Declined 2.5% in August In August 2024, existing-home sales fell in the South, West, and Northeast, while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast.emphasis added Click on graph for larger image. This graph…
by Calculated Risk on 9/19/2024 08:30:00 AM The DOL reported: In the week ending September 14, the advance figure for seasonally adjusted initial claims was 219,000, a decrease of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 230,000 to 231,000. The 4-week moving average was 227,500,…
by Calculated Risk on 9/18/2024 07:29:00 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 235 thousand initial claims, up from 230 thousand last week. • Also at 8:30 AM, the Philly Fed…
by Calculated Risk on 9/18/2024 02:12:00 PM Statement here. Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. Here are the projections. Since the last projections were released, economic growth has been above expectations, the unemployment rate is slightly above expectations, and inflation lower than expected (although there…