Saturday, June 10, 2023

Schedule for Week of June 11, 2023

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The key reports this week are May Retail sales and CPI. For manufacturing, Industrial Production, and the NY and Philly Fed manufacturing ...
Friday, June 09, 2023

June 9th COVID Update: New Pandemic Lows for Deaths and Hospitalizations

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Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Due to changes at the CDC, weekly cases are no longer...

Q2 GDP Tracking: Around 1% to 2%

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From BofA: Overall, the data pushed up our 1Q GDP tracking estimate three-tenths to 1.9% q/q saar and our 2Q GDP tracking moved up a tenth t...

Lawler: Census 2020, Population Estimates, and Population Projections: Challenges for Demographers

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Today, in the Real Estate Newsletter: Lawler: Census 2020, Population Estimates, and Population Projections: Challenges for Demographers E...

Hotels: Occupancy Rate Down 2.3% Year-over-year

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From STR: STR: U.S. hotel results for week ending 3 June As expected with the Memorial Day holiday, U.S. hotel performance decreased from t...
Thursday, June 08, 2023

Realtor.com Reports Weekly Active Inventory Up 13% YoY; New Listings Down 25% YoY

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Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing T...

The "Home ATM" was Closed in Q1; Mortgage Equity Withdrawal (MEW) turns negative in Q1 2023

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Today, in the Real Estate Newsletter: The "Home ATM" was Closed in Q1 Excerpt: For Q1 2023, the Net Equity Extraction was minus ...

Fed's Flow of Funds: Household Net Worth Increased $3.0 Trillion in Q1

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The Federal Reserve released the Q1 2023 Flow of Funds report today: Financial Accounts of the United States . The net worth of households...

Weekly Initial Unemployment Claims increased to 261,000

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The DOL reported : In the week ending June 3, the advance figure for seasonally adjusted initial claims was 261,000 , an increase of 28,00...

CoreLogic: 1.2 million Homeowners with Negative Equity in Q1 2023

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From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Rem...