by Calculated Risk on 6/24/2025 01:16:00 PM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 June. … 8-14 June 2025 (percentage change from comparable week in 2024): • Occupancy: 68.6% (-2.4%)• Average daily rate (ADR): US$163.43 (+0.6%)• Revenue per available room (RevPAR): US$112.11 (-1.8%) emphasis added The…
by Calculated Risk on 6/23/2025 08:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest Since May 1st Mortgage rates ended the previous week roughly in line with the best levels since May 1st. Today’s modest improvement made it official. Mortgage rates are primarily a function of trading levels in the bond market…
by Calculated Risk on 6/23/2025 02:27:00 PM The BLS reported earlier this month: The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.2 percent over the last 12 months to an index level of 314.839 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment. CPI-W is the…
by Calculated Risk on 6/23/2025 10:50:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.03 million SAAR in May; Down 0.7% YoY Excerpt: Sales in May (4.03 million SAAR) were up 0.8% from the previous month and were 0.7% below the May 2024 sales rate. This was the 4th consecutive…
by Calculated Risk on 6/23/2025 08:11:00 AM Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 32.7% from the seasonal bottom in January and is increasing. Usually, inventory is up about 18% to 19% from the seasonal low by this week in the year. So, 2025 is seeing a larger than…
by Calculated Risk on 6/22/2025 06:15:00 PM Weekend:• Schedule for Week of June 22, 2025 Monday:• At 10:00 AM ET, Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 3.95 million SAAR, down from 4.00 million in April. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are…
by Calculated Risk on 6/22/2025 08:48:00 AM 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…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Housing Starts Decreased to 1.256 million Annual Rate in May • California Home Sales “Sputter” in May; 4th Look at Local Markets • Housing Market Index and Single Family Starts • 3rd Look at Local Housing Markets in May…
by Calculated Risk on 6/21/2025 08:11:00 AM The key reports this week are May New and Existing Home sales, the third estimate of Q1 GDP, Personal Income and Outlays for May and the April Case-Shiller house price index. For manufacturing, the June Richmond and Kansas City Fed manufacturing surveys will be released. Fed Chair Powell…
by Calculated Risk on 6/20/2025 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. This will be the last weekly COVID update for now, although I’ll start posting again if COVID increases significantly. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will…