investment

by Calculated Risk on 6/18/2025 09:11:00 AM Today, in the Calculated Risk Real Estate Newsletter: Housing Starts Decreased to 1.256 million Annual Rate in May A brief excerpt: Total housing starts in May were below expectations; however, starts in March and April were revised up, combined. The third graph shows the month-to-month comparison for total…

by Calculated Risk on 6/18/2025 08:32:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1,256,000. This is 9.8 percent below the revised April estimate of 1,392,000 and is 4.6 percent below the May 2024 rate of 1,316,000. Single-family housing starts…

by Calculated Risk on 6/18/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 13, 2025. The Market Composite Index, a measure of mortgage…

by Calculated Risk on 6/17/2025 07:56:00 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 results for the mortgage purchase applications index. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is…

by Calculated Risk on 6/17/2025 12:18:00 PM Today, in the Calculated Risk Real Estate Newsletter: Housing Market Index and Single Family Starts A brief excerpt: This morning, the National Association of Home Builders (NAHB) released their monthly housing market index: Builder Sentiment at Third Lowest Reading Since 2012…There are several negatives for new home builders…

by Calculated Risk on 6/17/2025 09:15:00 AM From the Fed: Industrial Production and Capacity Utilization Industrial production (IP) fell 0.2 percent in May after increasing 0.1 percent in April. Manufacturing output ticked up 0.1 percent in May, driven by a gain of 4.9 percent in the index for motor vehicles and parts; the index for…

by Calculated Risk on 6/16/2025 07:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Drift Slightly Higher to Start The Week While there’s been no shortage of political and geopolitical headlines over the past 2 business days, there hasn’t been much by way of inspiration for the bond market. Bonds (and, thus, rates)…

by Calculated Risk on 6/16/2025 10:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in May A brief excerpt: The NAR is scheduled to release May existing home sales on Monday, June 23rd at 10:00 AM. Housing economist Tom Lawler expects the NAR to report sales at a…

by Calculated Risk on 6/16/2025 08:11:00 AM Altos reports that active single-family inventory was up 2.1% week-over-week. Inventory is now up 32.2% from the seasonal bottom in January and is increasing.   Usually, inventory is up about 18% from the seasonal low by this week in the year.   So, 2025 is seeing a larger than normal pickup…