Update: Framing Lumber Prices Down Year-over-year
Here is another monthly update on framing lumber prices. This graph shows CME random length framing futures through Aug 3rd.Lumber is currently at $611 per 1000...
Author : Calculated Risk
Tuesday: Vehicle Sales, NY Fed Quarterly Report on Household Debt and Credit
From Matthew Graham at Mortgage News Daily: MBS RECAP: Bonds Surge Into August Despite HeadwindsIt was an interesting juxtaposition to see a Fed speaker talking...
ISM® Manufacturing index Decreased to 59.5% in July
(Posted with permission). The ISM manufacturing index indicated expansion in July. The PMI® was at 59.5% in July, down from 60.6% in June. The employment...
Construction Spending increased 0.1% in June
From the Census Bureau reported that overall construction spending decreased:Construction spending during June 2021 was estimated at a seasonally adjusted annual rate of $1,552.2 billion,...
Seven High Frequency Indicators for the Economy
These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides.----- Airlines: Transportation Security Administration...
Monday: ISM Mfg, Construction Spending
Weekend:• Schedule for Week of August 1, 2021• A Few Comments on InflationMonday:• At 10:00 AM ET, ISM Manufacturing Index for July. The consensus is...
A Few Comments on Inflation
I haven't commented much on inflation because I do not consider inflation a serious economic problem. However, I'm aware some people - like Larry Summers and...
Schedule for Week of August 1, 2021
The key report this week is the July employment report.Other key reports include ISM manufacturing and services indexes, July vehicle sales, and the Trade deficit...
Fannie Mae: Mortgage Serious Delinquency Rate Decreased in June
Fannie Mae reported that the Single-Family Serious Delinquency decreased to 2.08% in June, from 2.24% in May. The serious delinquency rate is down from 2.65%...
Q2 2021 GDP Details on Residential and Commercial Real Estate
The BEA released the underlying details for the Q2 advance GDP report today.The BEA reported that investment in non-residential structures decreased at a 7.0% annual...