Retail Sales, Industrial Production, Homebuilder Survey
at Calculated Risk on 12/16/2024 07:13:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn’t great for mortgage rates. They…
Calculated Risk: Hotels: Occupancy Rate increased Year-over-year
at Calculated Risk on 12/16/2024 03:01:00 PM The US hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 7 December. … 1-7 December 2024 (percentage change…
If You Thought Grocery Prices Were High, Wait for Mass Deportation
Wages for farm workers and food processing will likely rise, if the past is any guide. Figure 1: Farm worker wage, 2023$ (blue, left log scale), and share of civilian…
3rd Look at Local Housing Markets in November
at Calculated Risk on 12/16/2024 11:14:00 AM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in November A letter excerpt: The NAR is scheduled…
Inventory down 1.1% Week-over-week, Up 26.6% Year-over-year
at Calculated Risk on 12/16/2024 08:11:00 AM Altos reports that active single-family inventory was down 1.1% week-over-week. Inventory is now 7.7% below the peak for the year (8 weeks ago).…
Calculated Risk: Sunday Night Futures
at Calculated Risk on 12/15/2024 07:15:00 PM Weekend:• Schedule for Week of December 15, 2024 Monday:• 8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus…
MacIver Institute Does International Trade: Be VERY Afraid
From Michael Lucas at MI: While trade deficits are a common cause for concern among politicians, economics teaches that trade surpluses and deficits do not matter. That is, each has…
Fed to Cut Rates 25bp
at Calculated Risk on 12/15/2024 10:22:00 AM Most analysts expect the FOMC will cut the federal funds rate at the meeting this week by 25bp lowering the target range to…
Seizing Russian Assets: If Not Now, When?
From Hess and Mott, in Foreign Policyon stifling further Russian aggression even with Trump on the gates: … there is another way that Ukraine’s defense can be financed. In 2022,…
Trump: “Tariffs are going to make our country rich”
From Reuters: In an interview with NBC’s Meet the Press that aired on Sunday, Trump said he did not believe that consumers ultimately pay the price of tariffs, adding “I…