The real estate industry is making changes to be more sustainable. This means building and designing properties that are better for the environment. Today is World Environment Day 2024, and we focus on how different industries, including real estate, are working to meet environmental challenges. One way real estate is changing is by focusing more…
by Calculated Risk on 6/04/2024 08:18:00 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 May. This report is for private payrolls…
by Calculated Risk on 6/04/2024 02:13:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the May 2024 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy…
by Calculated Risk on 6/04/2024 10:39:00 AM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Tracking rents is important for understanding the dynamics of the housing market. For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September…
by Calculated Risk on 6/03/2024 09:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Fully Erase Last Week’s Spike Sharp improvements in the bond market led to another nice drop in mortgage rates. The average lender is now back to the lowest levels in nearly 2 weeks, but not yet back to the…
by Calculated Risk on 6/03/2024 01:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in April; Up 6.5% Year-over-year A brief excerpt: On a year-over-year basis, the National FMHPI was up 6.5% in April, down from up 6.6% YoY in March. The YoY increase peaked at 19.1% in…
by Calculated Risk on 6/02/2024 06:15:00 PM Weekend:• Schedule for Week of June 2, 2024 Monday:• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.7, up from 49.2 in April. • Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.2%…
by Calculated Risk on 6/02/2024 08:21:00 AM The U.S. hotel industry reported mixed performance results from the previous week but positive comparisons year over year, according to CoStar’s latest data through 25 May. … 19-25 May 2024 (percentage change from comparable week in 2023): • Occupancy: 67.7% (+1.6%)• Average daily rate (ADR): US$160.67 (+2.3%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 6.5% year-over-year in March • Inflation Adjusted House Prices 2.2% Below Peak • Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly • Final Look at Local Housing…
by Calculated Risk on 6/01/2024 08:11:00 AM The key report scheduled for this week is the May employment report. Other key reports include the May ISM Manufacturing, Vehicle Sales and April trade balance. —– Monday, June 3rd —– 10:00 AM: ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.7,…