Wednesday: ADP Employment, Trade Deficit, ISM non-Mfg
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...
Author : Calculated Risk
August 4 COVID-19 Test Results
The US is now mostly reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive needs to be well...
July 2020: Unofficial Problem Bank list Increased to 65 Institutions
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...
Update: Framing Lumber Prices Up 81% Year-over-year
Here is another monthly update on framing lumber prices. Lumber prices are up 81% year-over-year. This graph shows two measures of lumber prices: 1)...
BEA: July Vehicles Sales increased to 14.5 Million SAAR
The BEA released their estimate of July vehicle sales this morning. The BEA estimated light vehicle sales of 14.52 million SAAR in July 2020 (Seasonally...
CoreLogic: House Prices up 4.9% Year-over-year in June
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three month...
August 3 COVID-19 Test Results
The US is now reporting over 700,000 tests per day. Based on the experience of other countries, the percent positive needs to be well under...
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 7.67%” of Portfolio Volume
Note: This is as of July 26th. The report next week (through Aug 2nd) might show some impact from the delay of the disaster relief...
Three Months Until the Election
In the midst of a crisis, it is easy to lose sight of the medium term. Currently, as the FOMC noted, “The path of the...
Construction Spending Decreased in June
From the Census Bureau reported that overall construction spending decreased in June:Construction spending during June 2020 was estimated at a seasonally adjusted annual rate of...