by Calculated Risk on 5/31/2024 07:10:00 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 5/31/2024 01:01:00 PM From BofA: 1Q GDP was revised down by three-tenths to 1.3% q/q saar, which was broadly in line with our expectations. Meanwhile, our estimate of 2Q GDP ended up unchanged at 1.8% q/q saar from a week ago. [May 31st estimate]emphasis added From Goldman: The consumption details in…
by Calculated Risk on 5/31/2024 09:48:00 AM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Decreased in April, Multi-family Increased Slightly Brief excerpt: Single-family serious delinquencies decreased in April, and multi-family serious delinquencies increased slightly.…Freddie Mac reports that the multi-family delinquencies rate increased to 0.35% in April,…
by Calculated Risk on 5/31/2024 08:57:00 AM Here is a graph of the year-over-year change in shelter from the CPI report and housing from the PCE report this morning, both through April 2024. CPI Shelter was up 5.5% year-over-year in April, down from 5.6% in March, and down from the cycle peak of 8.2% in…
by Calculated Risk on 5/31/2024 08:30:00 AM The BEA released the Personal Income and Outlays report for April: Personal income increased $65.3 billion (0.3 percent at a monthly rate) in April, according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) —personal income less personal current taxes—increased $40.2 billion and…
by Calculated Risk on 5/30/2024 08:09:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Personal Income and Outlays, April 2024. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index…
by Calculated Risk on 5/30/2024 11:25:00 AM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in April and a Look Ahead to May Sales A brief excerpt: In April, sales in these markets were up 7.6% YoY. In March, these same markets were down 10.0% year-over-year Not Seasonally Adjusted…
by Calculated Risk on 5/29/2024 08:02:00 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 218 thousand initial claims, up from 215 thousand last week. • Also at 8:30 AM, Gross Domestic Product,…
by Calculated Risk on 5/29/2024 05:00:00 PM From the Las Vegas Visitor Authority: April 2024 Las Vegas Visitor Statistics With strength in both leisure and conventions segments, Las Vegas visitation in April exceeded 3.5M, up +3.8% YoY. Convention attendance saw a YoY increase of 36% related in part to scheduling differences of some shows such…
by Calculated Risk on 5/29/2024 10:34:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 2.2% Below Peak Excerpt: It has been 18 years since the bubble peak. In the March Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA), was reported as being 72% above the…