Thursday:• At 8:30 AM, Housing Starts for September. The consensus is for 1.300 million SAAR, down from 1.364 million SAAR. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 215,000 initial claims, up from 210,000 last week. • Also at 8:30 AM, the Philly Fed...
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Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph. The graph shows the number of real estate licensees in California. The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and prices in 2006). The number of...
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The key economic reports this week are September Housing Starts and Retail Sales. For manufacturing, September Industrial Production, and the October New York and Philly Fed surveys, will be released this week. —– Monday, Oct 14th —–Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open....
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Another hot regional market in September. From the HAR: The Houston Housing Market Shows no Letup in September Houston home sales registered the seventh positive month of 2019 in September as consumers continued to take advantage of low mortgage interest rates, keeping a market that normally slows down this time of year buzzing. According...
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The key report this week is the September CPI on Thursday. Fed Chair Jerome Powell speaks on data dependence on Tuesday. —– Monday, Oct 7th —–3:00 PM: Consumer Credit from the Federal Reserve. —– Tuesday, Oct 8th —–6:00 AM: NFIB Small Business Optimism Index for September. 8:30 AM: The Producer Price Index for September...
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The headline jobs number at 135 thousand for September ex-Census (136K total including temp Census hires) was below consensus expectations of 145 thousand, however the previous two months were revised up 45 thousand, combined. The unemployment rate declined to 3.5%; the lowest rate since 1969. Earlier: September Employment Report: 136,000 Jobs Added, 3.5% Unemployment...
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From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 8.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 27, 2019. … The Refinance Index increased 14 percent from the previous week and was 133...
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Reis reported that the apartment vacancy rate was at 4.7% in Q3 2019, unchanged from 4.7% in Q2, and unchanged from 4.7% in Q3 2018. The vacancy rate peaked at 8.0% at the end of 2009, and bottomed at 4.1% in 2016. From economist Barbara Byrne Denham at Reis: The apartment vacancy rate was...
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Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 211 thousand initial claims, up from 208 thousand the previous week. • At 8:30 AM, Gross Domestic Product, 2nd quarter 2018 (Third estimate). The consensus is that real GDP increased 2.0% annualized in Q2, unchanged from...
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From Matthew Graham at Mortgage News Daily: Great Day For Mortgage Rates, But There’s a Catch Mortgage rates added to last week’s friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepid domestic data helped drive demand in safe-haven bond markets. [Most Prevalent Rates...
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