by Calculated Risk on 4/17/2025 08:40:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,324,000. This is 11.4 percent below the revised February estimate of 1,494,000, but is 1.9 percent above the March 2024 rate of 1,299,000. Single-family housing starts…
by Calculated Risk on 4/17/2025 08:31:00 AM The DOL reported: In the week ending April 12, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 223,000 to 224,000. The 4-week moving average was 220,750,…
by Calculated Risk on 4/16/2025 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 224 initial claims up from 223 thousand last week. • At 8:30 AM ET: Housing Starts for March. The…
by Calculated Risk on 4/16/2025 01:30:00 PM From Fed Chair Powell: Economic Outlook Excerpt: Looking forward, the new Administration is in the process of implementing substantial policy changes in four distinct areas: trade, immigration, fiscal policy, and regulation. Those policies are still evolving, and their effects on the economy remain highly uncertain. As we learn…
by Calculated Risk on 4/16/2025 11:29:00 AM From CoStar: US inbound international travel takes 12% hit as economists postpone pre-pandemic recovery to 2029 Whatever hopes the travel industry had in a full recovery to 2019 levels of travel bookings this year have officially been dashed, according to one economist. “Our pre-inauguration forecast expected international travel…
by Calculated Risk on 4/16/2025 10:00:00 AM The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 40, up from 39 last month. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Levels Indicate Slow Start for Spring Housing…
by Calculated Risk on 4/16/2025 09:15:00 AM From the Fed: Industrial Production and Capacity Utilization Industrial production (IP) decreased 0.3 percent in March but increased at an annual rate of 5.5 percent in the first quarter. The March decline was led by a 5.8 percent drop in the index for utilities, as temperatures were warmer…
by Calculated Risk on 4/16/2025 08:30:00 AM On a monthly basis, retail sales increased 1.4% from February to March (seasonally adjusted), and sales were up 4.6 percent from March 2024. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for March 2025, adjusted for seasonal variation and holiday and trading-day…
by Calculated Risk on 4/16/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 8.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2025. The Market Composite Index, a measure of mortgage…
by Calculated Risk on 4/15/2025 07:55:00 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, Retail sales for March is scheduled to be released. The consensus is…