At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 3.96 million SAAR in October • Housing Starts Decreased to 1.311 million Annual Rate in October • Preliminary 2025 Housing Forecasts • California Home Sales Up 9.5% SA YoY in October • 3rd Look…
The key reports this week include the 2nd estimate of Q3 GDP and October New Home Sales. Other key indicators include the September Case-Shiller and FHFA house price indexes, and October Personal Income & Outlays (and PCE). —– Monday, November 25th —– 8:30 AM ET: Chicago Fed National Activity Index for October. This is a…
by Calculated Risk on 11/22/2024 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 11/22/2024 05:18:00 PM From WardsAuto: November U.S. Light-Vehicle Sales to Improve on October’s Growth (pay content). Brief excerpt: November’s forecast SAAR of 16.2 million units is the highest since May 2021. With the month having an atypical fifth weekend, the extended timeframe means there is more upside than downside to November’s…
by Calculated Risk on 11/22/2024 12:34:00 PM From Goldman: We left our Q4 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) but boosted our Q4 domestic final sales forecast by 0.1pp to +2.0%. Our Q3 past-quarter tracking estimate stands at +2.9% (vs. 2.8% originally reported, quarter-over-quarter annualized). [Nov 21st estimate]emphasis added And from the Atlanta…
by Calculated Risk on 11/22/2024 10:18:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Preliminary 2025 Housing Forecasts Excerpt: Towards the end of each year, I collect some housing forecasts for the following year – and also provide my own outlook. Several more forecast will be available in early December.…The table below shows several early forecasts…
by Calculated Risk on 11/22/2024 08:11:00 AM The new administration is talking about cutting the number of federal government employees. This raises the question of how many people are employed by the Federal government? The following data is from the BLS and does not include military personnel. The first graph shows total government employment (Federal,…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM ET, University of Michigan’s Consumer sentiment index (Final for November). Source link
by Calculated Risk on 11/21/2024 10:51:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 3.96 million SAAR in October Excerpt: As expected, existing home sales were up year-over-year for the first time since 2021. This was a combination of weak sales in October last year and lower mortgage rates in…
by Calculated Risk on 11/20/2024 08:18:00 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 222 thousand initial claims, up from 217 thousand last week. • Also at 8:30 AM, the Philly Fed…