• Calculated Risk: Wednesday: Durable Goods, FOMC Minutes0

    by Calculated Risk on 5/24/2022 09:01:00 PM Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.6% increase in durable goods orders. • At 2:00 PM,

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  • Problem Banks Declined, Residential REO Increased Slightly in Q1 20220

    by Calculated Risk on 5/24/2022 02:09:00 PM The FDIC released the Quarterly Banking Profile for Q1 2022 this morning: Net income fell by $17.0 billion (22.2 percent) to $59.7 billion in first quarter 2022 from the year-ago quarter.… Total assets increased $253.9 billion (1.1 percent) from fourth quarter 2021 to $24.0 trillion. Cash and balances

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  • U.S. Births increased Slightly in 2021, First increase since 20140

    by Calculated Risk on 5/24/2022 12:16:00 PM From the National Center for Health Statistics: Births: Provisional Data for 2021. The NCHS reports: The provisional number of births for the United States in 2021 was 3,659,289, up 1% from 2020 and the first increase in the number of births since 2014. The general fertility rate was

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  • April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction0

    by Calculated Risk on 5/24/2022 10:54:00 AM Today, in the Calculated Risk Real Estate Newsletter: April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction Brief excerpt: The next graph shows the months of supply by stage of construction. “Months of supply” is inventory at each stage, divided by the sales rate.

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  • New Home Sales Decrease Sharply to 591,000 Annual Rate in April0

    by Calculated Risk on 5/24/2022 10:11:00 AM The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 591 thousand. The previous three months were revised down. Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released

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  • New Home Sales, Richmond Fed Mfg0

    by Calculated Risk on 5/23/2022 08:45:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Moving Up to Start New Week Mortgage rates are coming off their best 2 weeks in quite some time–a feat that sounds more impressive than it is by the time we consider the precursors. Namely, the improvement in rates

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