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…
by Calculated Risk on 11/30/2024 08:11:00 AM The key report this week is the November employment report on Friday. Other key indicators include the October Trade Deficit, the November ISM manufacturing index and November vehicle sales. —– Monday, December 2nd —– 10:00 AM: ISM Manufacturing Index for November. The consensus is for 47.5%, up from…
by Calculated Risk on 11/29/2024 12:21:00 PM Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through 23 November. … 17-23 November 2024 (percentage change from comparable week in 2023): • Occupancy: 59.7% (+20.7%)• Average daily rate (ADR): US$150.49 (+8.6%)• Revenue per available room…
by Calculated Risk on 11/29/2024 09:11:00 AM From Goldman: Following [Wednesday]’s data, we have left our Q4 GDP tracking estimate unchanged at +2.4% (quarter-over-quarter annualized) and our Q4 domestic final sales forecast unchanged at +2.0%. [Nov 27th estimate] And from the Atlanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted annual…
Here are five economic reasons to be thankful this Thanksgiving. (Hat Tip to Neil Irwin who started doing this years ago) 1) The Unemployment Rate is at 4.1% The unemployment rate was at 4.1% in October. The unemployment rate is down from 14.7% in April 2020 (the highest rate since the Great Depression). The unemployment…
by Calculated Risk on 11/27/2024 05:16:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For October, Realtor.com reported inventory was up 29.2% YoY, but still down 21.1% compared to the 2017 to 2019 same month levels. …