unemployment

by Calculated Risk on 10/01/2024 09:37:00 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 September. This report is for private payrolls…

by Calculated Risk on 10/01/2024 05:00:00 PM Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicle Sales up Slightly on SAAR basis; Q3 Volume Down 1.9% (pay site). Sales over the past six months have been mostly in negative territory even though inventory continued to rise. Affordability and a slowdown in…

by Calculated Risk on 10/01/2024 10:01:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 8.0 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.3 million. Total separations changed little…

by Calculated Risk on 9/30/2024 07:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Moderately Higher to Begin The Week Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. … While today’s weakness can’t be reduced to a single factor, the primary motivation was a speech from…

by Calculated Risk on 9/30/2024 02:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.11% month-over-month on a seasonally adjusted (SA) basis in August. On a year-over-year basis,…

by Calculated Risk on 9/30/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.8% week-over-week. Inventory is now up 48.0% from the February seasonal bottom.   Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of September 27th, inventory was at 731 thousand (7-day average), compared to 725 thousand…

by Calculated Risk on 9/29/2024 01:23:00 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 August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. …

At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.0% year-over-year in July • New Home Sales Decrease to 716,000 Annual Rate in August • Inflation Adjusted House Prices 1.5% Below 2022 Peak • Fannie and Freddie: Single Family Serious Delinquency Rate…

by Calculated Risk on 9/28/2024 08:11:00 AM The key report scheduled for this week is the September employment report on Friday. Other key indicators include the September ISM Manufacturing and Services indices and September auto sales. —– Monday, September 30th —– 10:30 AM: Dallas Fed Survey of Manufacturing Activity for September. 9:45 AM: Chicago Purchasing…