Blog Profile / CalculatedRisk
| URL : | http://calculatedrisk.blogspot.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Economics | |
| Posts on Regator: | 11303 | |
| Posts / Week: | 43.7 | |
| Archived Since: | June 7, 2008 | |
Blog Post Archive
WSJ: "Unemployment Hits New Highs in Spain, France"
This is no surprise... from the WSJ: Unemployment Hits New Highs in Spain, France The jobless rate in Spain rose sharply to 27.2% of the workforce in the first quarter, the highest level since records began in the 1970s. In France, the...Show More Summary
Zillow: Rate of Home Value Appreciation Slows Nationwide in Q1
From Zillow: Rate of Home Value Appreciation Slows Nationwide in Q1, But Pockets of Volatility Remain Zillow’s first quarter Real Estate Market Reports, released today, show home values increased 0.5% from the fourth quarter of 2012 to the first quarter of 2013 to $157,600. Show More Summary
Update: CoreLogic acquires Case-Shiller
Last night I mentioned that CoreLogic had acquired Case-Shiller house price index, and I wondered if there would be changes to how the index was released. The answer is nothing will change... From CoreLogic: CoreLogic Acquires Case-Shiller CoreLogic®... Show More Summary
Kansas City Fed: Regional Manufacturing contracted "modestly" in April
So far all of the regional manufacturing surveys have indicated April was pretty weak. From the Kansas City Fed: Tenth District Manufacturing Survey Fell Modestly The Federal Reserve Bank of Kansas City released the April Manufacturing Survey today. Show More Summary
Weekly Initial Unemployment Claims decline to 339,000
The DOL reports:
In the week ending April 20, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 16,000 from the previous week's revised figure of 355,000. The 4-week moving average was 357,500, a decrease...Show More Summary
Thursday: Weekly Unemployment Claims
Interesting... CoreLogic acquires Case-Shiller: On March 20, 2013, the Company acquired Case-Shiller from Fiserv, Inc. for approximately $6.0 million. Case-Shiller, one of the most widely recognized experts in home price trends and property...Show More Summary
Lawler: How Much Has the Single Family Housing Market Shifted to Rentals (in numbers)?
From economist Tom Lawler:
While good, reliable, consistent, and timely government data on the housing stock and housing tenure do not exist, the limited data available suggest that over the last few years (1) there has been a sizable...Show More Summary
April Vehicle Sales forecast to be above 15 million SAAR for Sixth Consecutive Month
Note: The automakers will report April vehicle sales on Wednesday, May 1st. Here are a couple of forecasts: From J.D. Power: J.D. Power and LMC Automotive Report: Solid New-Vehicle Selling Rate in April Driven by Replacement Demand Total light-vehicle sales in April 2013 are projected to reach 1,312,100 units, a 7 percent increase from April 2012. Show More Summary
AIA: Architecture Billings Index indicates increasing demand for design services in March
Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment.
From AIA: More Positive Momentum for Architecture Billings
The Architecture Billings Index (ABI) is reflecting a steady upturn in design activity. Show More Summary
MBA: Mortgage Applications Increase, Purchase Index highest since May 2010
From the MBA: Mortgage Applications Increase Slightly in Latest MBA Weekly Survey
The Refinance Index increased 0.3 percent from the previous week. The seasonally adjusted Purchase Index increased 0.3 percent from one week earlier to...Show More Summary
Wednesday: Durable Goods, Architecture Billings Index
Some more data released today... A house price index up sharply, another regional manufacturing survey indicating weakness, and the overall economy continue to expand... a familiar story... From the FHFA: House Price Index Up 0.7 Percent in February U.S. Show More Summary
ATA Trucking Index increases in March
This is a minor indicator that I follow.
From ATA: ATA Truck Tonnage Index Increased 0.9% in March
The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index gained 0.9% in March after decreasing 0.7% in February. Show More Summary
DataQuick: Q1 California Foreclosure Starts Lowest Since Late 2005
From DataQuick: Golden State Foreclosure Starts Lowest Since Late 2005
The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter. The unusually sharp drop in...Show More Summary
A few comments on New Home Sales
Now that we have three months of data for 2013, one way to look at the growth rate is to use the "not seasonally adjusted" (NSA) year-to-date data.
According to the Census Bureau, there were 104 thousand new homes sold in Q1 2013, up about 19.5% from the 87 thousand sold in Q1 2012. Show More Summary
New Home Sales at 417,000 SAAR in March
The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 417 thousand. This was up from 411 thousand SAAR in February.
The first graph shows New Home Sales vs. recessions since 1963. The dashed...Show More Summary
LPS: Total Non-current Mortgages falls below 5 Million for the first time since 2008
According to the First Look report for March to be released today by Lender Processing Services (LPS), the percent of loans delinquent decreased in March compared to February, and declined about 3% year-over-year. Also the percent of...Show More Summary
Tuesday: New Home Sales
Since the existing home sales report was released today, I didn't mention the weekly housing tracker inventory data this morning.
The Realtor (NAR) data is monthly and released with a lag (the data released today was for March). However...Show More Summary
Lawler on Housing: Table of Cash Buyers in March, Updated Table of Short Sales and Foreclosures for Selected Cities
Economist Tom Lawler sent me the following table of cash buyers for selected cities in March 2013 compared to March 2012. This suggests significant investor buying in certain areas (like Florida): All-Cash Share of Home Sales Mar-13Show More Summary
DOT: Vehicle Miles Driven decreased 1.4% in February
First, Brad Plumer at the WaPo has an excellent article: Why aren’t younger Americans driving anymore?
The Frontier Group has the most comprehensive look yet of why younger Americans are driving less. Public transportation use is up 40 percent per capita in this age group since 2001. Show More Summary
Existing Home Sales: Conventional Sales up Sharply
Here are a few excerpts from a Reuters article: Existing Home Sales Fall as Prices Rise Most Since 2005
U.S. home resales edged downward in March, a pause in the housing market recovery that has helped boost the economy.
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Nationwide,...Show More Summary