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…
by Calculated Risk on 11/20/2024 02:33:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
by Calculated Risk on 11/20/2024 12:35:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI October 2024: Business conditions at architecture firms begin to moderate The AIA/Deltek Architecture Billings Index (ABI) score for the month was 50.3, meaning that the share of firms that…
by Calculated Risk on 11/19/2024 08:57:00 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. • During the day: The AIA’s Architecture Billings Index for October (a leading indicator for commercial…
by Calculated Risk on 11/19/2024 03:53:00 PM From housing economist Tom Lawler: According to CME FedWatch, the “market-based” probability that the FOMC will cut its federal funds rate target by 25 bp at its December meeting is about 59%. Folks will also play close attention to the release of the FOMC’s Summary of Economic Projections…
by Calculated Risk on 11/19/2024 11:58:00 AM I’ll have more on port traffic once Los Angeles releases their data for October. From the Port of Long Beach: Port of Long Beach Reaches All-Time Record in October The Port of Long Beach moved nearly 1 million cargo containers in October, achieving its strongest month in its…
by Calculated Risk on 11/18/2024 06:53:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Didn’t Move Much Over The Weekend The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week. …As for the risk…