by Calculated Risk on 12/04/2024 08:00:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 213 thousand last week. • Also at 8:30 AM: Trade Balance report…
by Calculated Risk on 12/04/2024 02:09:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the November 2024 seasonally adjusted annual sales rate (SAAR) of 507 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May…
by Calculated Risk on 12/04/2024 10:05:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.4% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the September Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 75%…
by Calculated Risk on 12/03/2024 08:29:00 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 8:15 AM, The ADP Employment Report for November. This report is for private payrolls…
by Calculated Risk on 12/03/2024 05:39:00 PM Wards Auto released their estimate of light vehicle sales for November: U.S. Light-Vehicle Sales Surprise on High Side Again in November (pay site). Improved affordability, and possibly relief from the end of contentious national elections, appeared to bring more consumers into dealer showrooms in November, leading sales to post…
by Calculated Risk on 12/02/2024 06:50:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed After Last Week’s Improvement The average lender is still able to offer top tier conventional 30yr fixed rates just under 7% for the 4th straight day. There were no major sources of inspiration today, but that will change…
by Calculated Risk on 12/02/2024 01:55:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.45% month-over-month on a seasonally adjusted (SA) basis in October. On a year-over-year basis, the…
by Calculated Risk on 12/02/2024 10:45:00 AM From the Census Bureau reported that overall construction spending increased: Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent above the revised September estimate of $2,164.7 billion. The October figure is 5.0 percent above the October 2023 estimate of…
by Calculated Risk on 12/02/2024 01:18:00 AM Weekend:• Schedule for Week of December 1, 2024 Monday:• At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 47.5%, up from 46.5%. • Also at 10:00 AM, Construction Spending for October. The consensus is for 0.2% increase in spending. • All day, Light vehicle…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.9% year-over-year in September • New Home Sales Decrease Sharply to 610,000 Annual Rate in October • Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October • Final Look…