S&P/Case-Shiller released the monthly Home Price Indices for November (“October” is a 3 month average of September, October and November prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA...
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Special Note on Government Opening: Now that the Government is open, the data releases that were postponed will be released soon. The BEA and Census will probably provide an updated schedule early next week. Some releases on the weekly schedule below will probably be delayed (like Q4 GDP). The key reports scheduled for this...
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Probably the four most important data releases for tracking the economy are 1) the monthly employment report, 2) the quarterly GDP report, 3) the monthly housing starts report, and 4) the new home sales report. Only the employment report is being released on time. The government shutdown is delaying 3 out of 4 of...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Dodging Some Risk For Now As it happened, bonds staged a somewhat impressive recovery with help from investor concern about global growth. Oftentimes, a big loss in equities markets can send money running to the bond market where it benefits interest rates. This was the...
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This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
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Thursday:• At 8:30 AM, POSTPONED Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 216 thousand the previous week. • At 8:30 AM, the...
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Start the Week Mortgage rates held their ground today, keeping them in line with long-term lows achieved over the past 2 weeks. To be fair, it was the previous week that offered the biggest benefits, but last week was no slouch. Factoring out...
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Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the retail sales and housing starts reports will not be released if the government remains shutdown. (see bottom for key releases already delayed). The key reports this week are December housing starts...
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Here a statement from the BLS: Does the partial government shutdown impact BLS data or release dates? Calculated Risk
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This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada housing market slowed down in December, GLVAR housing statistics for December 2018 The recent cooling trend...
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