by Calculated Risk on 1/03/2025 10:00:00 AM (Posted with permission). The ISM manufacturing index indicated contraction. The PMI® was at 49.3% in December, up from 48.4% in November. The employment index was at 45.3%, down from 48.1% the previous month, and the new orders index was at 52.5%, up from 50.4%. From ISM: Manufacturing PMI®…
by Calculated Risk on 1/02/2025 07:21:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Mortgage rates as of Monday (a little lower on Tuesday). Friday:• At 10:00 AM: ISM Manufacturing Index for December. The consensus is for the ISM to be at 48.3, down from 48.4 in November. All day:…
by Calculated Risk on 1/02/2025 12:43:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in November; Up 4.0% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.56% month-over-month on a seasonally adjusted (SA) basis in November. On a year-over-year basis, the…
by Calculated Risk on 1/02/2025 10:00:00 AM From the Census Bureau reported that overall construction spending increased: Construction spending during November 2024 was estimated at a seasonally adjusted annual rate of $2,152.6 billion, virtually unchanged from the revised October estimate of $2,152.3 billion. The November figure is 3.0 percent above the November 2023 estimate of…
by Calculated Risk on 1/02/2025 08:30:00 AM The DOL reported: In the week ending December 28, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 219,000 to 220,000. The 4-week moving average was 223,250,…
by Calculated Risk on 1/02/2025 07:00:00 AM From the MBA: Mortgage Applications Decreased Over a Two-Week Period in Latest MBA Weekly Survey Mortgage applications decreased 21.9 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 27, 2024. The results include an…
by Calculated Risk on 1/01/2025 08:18:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Mortgage rates as of Monday (a little lower on Tuesday). Thursday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release two weeks of results for the mortgage purchase applications index. • At 8:30 AM,…
by Calculated Risk on 1/01/2025 12:40:00 PM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…
by Calculated Risk on 12/31/2024 05:07:00 PM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in November Excerpt: Happy New Year! Best wishes for 2025, Bill Single-family and multi-family serious delinquencies increased in November.…Here are the multi-family 60+ day delinquency rate since 2006. Freddie…
by Calculated Risk on 12/31/2024 01:13:00 PM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…