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Fed’s Beige Book: “Overall economic activity rose slightly”

Fed's Beige BookOverall economic activity rose slightly since mid-January. Six Districts reported no change, four reported modest or moderate growth, and two noted slight contractions. Consumer spending was lower on…

b.pate March 6, 2025

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ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Brief excerpt: Property Insurance Premiums Increased Sharply in 2024 Here is…

b.pate March 5, 2025

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ISM® Services Index Increased to 53.5% in February

(Posted with permission). The ISM® Services index was at 53.5%, up from 52.8% last month. The employment index increased to 53.9%, from 52.3%. Note: Above 50 indicates expansion, below 50 in…

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Wednesday: ADP Employment, ISM Services, Beige Book

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.…

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Update: Lumber Prices Up 7% YoY

This is something to watch again. Here is another monthly update on lumber prices.SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I…

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Heavy Truck Sales Decreased 9% YoY in February

This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the February 2025 seasonally adjusted annual sales rate (SAAR) of 460 thousand. Heavy…

b.pate March 4, 2025

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Fannie and Freddie: Single Family Serious Delinquency Rates Increased in January; Fannie Mae Multi-Family Delinquency Rate Highest Since 2011 (ex-Pandemic)

Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Increased in January Excerpt: Freddie Mac reported that the Single-Family serious delinquency rate in…

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Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While

From housing economist Tom Lawler: Federal Reserve Earnings Still Running Negative; No Remittances to Treasury for a While The sharp runup in short-term interest rates over the last few years…

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Tuesday: Tariffs!

From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged Over The WeekendMortgage rates faced a very small threat of a very small increase this morning. The underlying bond…

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Vehicles Sales Increase to 16.00 million SAAR in February

Wards Auto released their estimate of light vehicle sales for January: Despite Affordability Headwind, U.S. Light-Vehicle Sales Rise 3.4% in February (pay site).Continuing January’s trend, market strength was at the two…

b.pate March 4, 2025