by Calculated Risk on 11/17/2025 10:15:00 AM From the Census Bureau reported that overall construction spending decreased: Construction spending during August 2025 was estimated at a seasonally adjusted annual rate of $2,169.5 billion, 0.2 percent above the revised July estimate of $2,165.0 billion. The August figure is 1.6 percent below the August 2024 estimate of…
by Calculated Risk on 11/16/2025 06:59:00 PM Weekend:• Schedule for Week of November 16, 2025 Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 5.7, down from 10.7. • At 10:00 AM, Construction Spending for September. From CNBC: Pre-Market Data and Bloomberg…
by Calculated Risk on 11/16/2025 11:28:00 AM Here is another 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 term price comparisons since the new contract…
At the Calculated Risk Real Estate Newsletter this week: TClick on graph for larger image. • MBA: Mortgage Delinquencies Increased in Q3 2025 • Part 1: Current State of the Housing Market; Overview for mid-November 2025 • Part 2: Current State of the Housing Market; Overview for mid-November 2025 • 2nd Look at Local Housing…
by Calculated Risk on 11/15/2025 08:11:00 AM SPECIAL NOTE: The statistical agencies will likely provide updated schedules this week. I’ll update this schedule when that happens. The September employment report will be released this week on Thursday. The key economic reports this week are Existing Home sales and the (likely) September employment report. For manufacturing,…
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.99 percent of all loans outstanding at the end of the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. The delinquency rate was up 6 basis points from the second quarter of…
by Calculated Risk on 11/14/2025 11:38:00 AM From BofA: Since our last weekly publication, 3Q GDP tracking remains unchanged at 2.8% q/q saar. There were no tracking changes this week due to the data delay caused by the ongoing government shutdown. [November 14th estimate]emphasis added And from the Atlanta Fed: GDPNow he GDPNow model estimate…
by Calculated Risk on 11/14/2025 08:11:00 AM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory, new listings and median prices. On a monthly basis, they report total inventory. For October, Realtor.com reported active inventory was up 15.3% YoY, but still down 13.2% compared to the 2017 to 2019 same month…
by Calculated Risk on 11/13/2025 07:41:00 PM The statistical agencies will post new schedules soon. It is possible that the October employment and CPI reports will never be released since the data wasn’t gathered. From the Census Bureau: The U.S. Census Bureau is updating its economic indicator release calendar in coordination with other agencies and…
by Calculated Risk on 11/13/2025 11:34:00 AM Hotel occupancy was weak over the summer months, due to less international tourism. The fall months are mostly domestic travel and occupancy is still under pressure! From STR: U.S. hotel results for week ending 8 November Due to a comparison against election week in 2024, the U.S. hotel…