Today, in the Calculated Risk Real Estate Newsletter: Worst Housing Affordability" since 1991 excluding Bubble Excerpt: I’ve put together ... | Continue reading
From the Fed: Minutes of the Federal Open Market Committee, March 15-16, 2022, 2022 . Excerpt on the "Plans for Reducing the Size of the Ba... | Continue reading
The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through March 2021. Note: This i... | Continue reading
In November, Goldman Sachs economists put out a research note on the labor force participation rate: Why Isn’t Labor Force Participation Rec... | Continue reading
First, thanks to all the healthcare workers and first responders who have been - and still are - on the front lines saving lives. Thank you... | Continue reading
From housing economist Tom Lawler: Investor Share of Home Purchases Surges Recent reports from Redfin and Corelogic indicate that the in... | Continue reading
S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3 month average of June, July and August prices). This... | Continue reading
These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides. ... | Continue reading
The BEA released the Personal Income and Outlays, July 2021 report yesterday. The report showed that government transfer payments were st... | Continue reading
As part of the new home sales report released this morning, the Census Bureau reported the number of homes sold by price and the average and... | Continue reading
S&P/Case-Shiller released the monthly Home Price Indices for May ("May" is a 3 month average of March, April and May prices). This releas... | Continue reading
I've seen several housing booms and busts in my life. The biggest boom was the housing bubble in the mid-'00s, and the worst bust followed ... | Continue reading
Here is the post earlier on Case-Shiller: Case-Shiller: National House Price Index increased 13.2% year-over-year in March It has been fif... | Continue reading
Finance and Economics | Continue reading
Without further disaster relief, there will a significant housing and financial issue. From the NMHC: NMHC Rent Payment Tracker Finds 91.... | Continue reading
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in May on a seasonally adjusted basis after ... | Continue reading
From the BLS : Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent , the U.S.... | Continue reading
Test-and-trace is a key criterion in starting to reopen the country. My current guess is test-and-trace will require around 300,000 tests ... | Continue reading
From Black Knight: More than 3.4 Million Homeowners – 6.4% of All Mortgages – Now in COVID-19-Related Forbearance Plans According to Black K... | Continue reading
Note: The NY Fed Nowcast and Atlanta Fed GDPNow models are based on released data and aren't capturing the collapse in the economy in the 2n... | Continue reading
Note: To put these numbers in perspective, the MBA notes "For the week of March 2, only 0.25% of all loans were in forbearance." From the ... | Continue reading
I just spoke with a tile sub-contractor who mostly does remodels. He was completely booked for the next several months, and all of his job... | Continue reading
First, some good news on the flu from the CDC: "Key indicators that track flu activity remain high but decreased for the third week in a r... | Continue reading
Note: Back in early 2016, I noted that energy expenditures as a percentage of PCE had hit an all time low. Here is an update through the De... | Continue reading
The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 733 thousand. Sales for Septembe... | Continue reading
From the MBA: Mortgage Delinquencies Fall to Lowest Level in Nearly 25 Years The delinquency rate for mortgage loans on one-to-four unit r... | Continue reading
The FDIC's official problem bank list is comprised of banks with a CAMELS rating of 4 or 5, and the list is not made public (just the number... | Continue reading
The BEA released the Personal Income and Outlays report for May: Personal income increased $88.6 billion (0.5 percent) in May according t... | Continue reading
Three years ago I wrote: The War on Data Unfortunately the war on data has continued unabated, as Catherine Rampell noted last week in the... | Continue reading
New home sales for April were reported at 673,000 on a seasonally adjusted annual rate basis (SAAR). Sales for March were revised up to 723,... | Continue reading
During and following the 2007 recession, every month I posted a graph showing the percent jobs lost during the recession compared to previou... | Continue reading
Here is a review of the Ten Economic Questions for 2018. Below are my ten questions for 2019. I'll follow up with some thoughts on each o... | Continue reading
Here are three tables showing year-to-date performance for three key economic metrics: Employment, Vehicle Sales, and New Home Sales. Each... | Continue reading
From the NY Fed: Total Household Debt Rises for 16th Straight Quarter he Federal Reserve Bank of New York’s Center for Microeconomic Data ... | Continue reading
Here are some Bay Area stats from Pacific Union chief economist Selma Hepp: Finally More Bay Area Housing Inventory After 16 Months of Decli... | Continue reading
Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 6.5% year-over-year in March It has been elev... | Continue reading