• Net Absorption Very Low in Q3, New Construction Deliveries Even Lower0

    by Calculated Risk on 10/05/2022 11:54:00 AM Today, in the Calculated Risk Real Estate Newsletter: Apartments: Net Absorption Very Low in Q3, New Construction Deliveries Even Lower A brief excerpt: Moody’s Analytics also reported the effective rents were up 1.7% in Q3 from Q2, and up 10.2% year-over-year (YoY). This is a sharp slowdown from

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  • Trade Deficit decreased to $67.4 Billion in August0

    by Calculated Risk on 10/05/2022 08:38:00 AM From the Department of Commerce reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.4 billion in August, down $3.1 billion from $70.5 billion in July, revised. August exports were $258.9 billion, $0.7 billion less than

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  • Mortgage Applications Decrease in Latest Weekly Survey; Purchase Activity Below Pandemic Low0

    by Calculated Risk on 10/05/2022 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 14.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 30, 2022. … The Refinance Index decreased 18 percent from

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  • ADP Employment, Trade Deficit, ISM Services0

    by Calculated Risk on 10/04/2022 08:59:00 PM Wednesday:• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM: The ADP Employment Report for September. This report is for private payrolls only (no government). The consensus is for 205,000 jobs added, up from

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  • Heavy Truck Sales Up 20% Year-over-year0

    by Calculated Risk on 10/04/2022 03:37:00 PM The BEA released their estimate of vehicle sales for September this morning. This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the September 2022 seasonally adjusted annual sales rate (SAAR). Heavy truck sales really collapsed during the great recession, falling

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  • Calculated Risk: House Prices: 7 Years in Purgatory0

    by Calculated Risk on 10/04/2022 01:08:00 PM Today, in the Calculated Risk Real Estate Newsletter: House Prices: 7 Years in Purgatory A brief excerpt: However, even in normal times, house prices are not sticky downwards in real terms as this graph shows. In the July Case-Shiller report, real prices were only up 5.4% year-over-year (YoY)

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