At the Calculated Risk Real Estate Newsletter this week:• Pandemic Economics, Housing and Monetary Policy: Part 2• Current State of the Housing Market; Overview for mid-March • Lawler: Early Read on Existing Home Sales in February• February Housing Starts: Average Length of Time from Start to Completion increased Sharply in 2022• Q4 Update: Delinquencies, Foreclosures and REO• 2nd Look at Local Housing Markets in FebruaryThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Pandemic Economics, Housing and Monetary Policy: Part I• Black Knight Mortgage Monitor: Home Prices Declined in January, “on pace to fall below 0% by March/April” • 1st Look at Local Housing Markets in February• “Home ATM” is Closing This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Case-Shiller: National House Price Index “Decline Continued” to 5.8% year-over-year increase in December• Year-over-year Rent Growth Continues to Decelerate • Freddie Mac House Price Index Declines for 7th Consecutive Month in January• Lawler: AMH Net Seller of Existing Single-Family Homes, “Investor” Home Purchases Plunged• Inflation Adjusted House Prices 3.9% Below Peak Price-to-rent index is 7.1% below recent peak• Measures of Shelter in the CPI and PCE price indexes Still IncreasingThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• New Home Sales Increase to 670,000 Annual Rate in January New Home Average Prices Down 5.3% Year-over-year• NAR: Existing-Home Sales Decreased to 4.00 million SAAR in January• Final Look at Local Housing Markets in January• First time ever more “Built-for-Rent” Units started Quarterly than “Built-for-Sale”This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• 3rd Look at Local Housing Markets in January Lawler: Early Read on Existing Home Sales in January• January Housing Starts: Near Record Number of Housing Units Under Construction• Current State of the Housing Market: Overview for mid-February• Update: Some “Good News” for Homebuilders• 2nd Look at Local Housing Markets in JanuaryThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Black Knight Mortgage Monitor: Home Prices Declined in December; Down 5.3% since June• Freddie Mac House Price Index Declines for 7th Consecutive Month in December• 1st Look at Local Housing Markets in January• Net Immigration and Household FormationThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Case-Shiller: National House Price Index “Continued to Decline” to 7.7% year-over-year increase in November• Rents Continue to Decline; “Apartment Market Loosens”• Inflation Adjusted House Prices 3.6% Below Peak• Lawler: Net Home Orders and Sales Cancellations of Large Publicly-Traded Home Builders• Lawler: D.R. Horton (DHI) Net Order Price Declined “Roughly” 10% from PeakThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• New Home Sales at 616,000 Annual Rate in December; Previous 3 Months Revised Down Sharply• Final Look at Local Housing Markets in December• 1.51 million Total Housing Completions in 2022 including Manufactured Homes; Most Since 2007• Has Housing “Bottomed”?This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• NAR: Existing-Home Sales Decreased to 4.02 million SAAR in December Median Prices Down 11.3% from Peak in June 2022• December Housing Starts: Record Number of Housing Units Under Construction• 4th Look at Local Housing Markets in December California Home Sales down 44% YoY in December; Prices Down 2.8% YoY• The Housing Bubble and Mortgage Debt as a Percent of GDP• Homebuilder Price CutsThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• 3rd Look at Local Housing Markets in December• Current State of the Housing Market; Overview for mid-January• Lawler: Freddie Mac “National” Home Price Index Down Again in November; Rents Continued to Slide• Mortgage Rate Update• 2nd Look at Local Housing Markets in DecemberThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• 1st Look at Local Housing Markets in December Early reports suggest NAR reported sales could be lowest since 2010.• Rents Continue to Decline More than Seasonally Normal• Moody’s: National Multifamily Supply and Demand at Lowest Levels since 2009• Question #8 for 2023: How much will Residential investment change in 2023? How about housing starts and new home sales in 2023?• Question #9 for 2023: What will happen with house prices in 2023?This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Case-Shiller: National House Price Index “Continued to Decline” to 9.2% year-over-year increase in October• Final Look at Local Housing Markets in November• Inflation Adjusted House Prices 3.8% Below Peak. Houses are the least “affordable” since 1982 when 30-year mortgage rates were over 14%• Question #10 for 2023: Will inventory increase further in 2023?This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• NAR: Existing-Home Sales Decreased to 4.09 million SAAR in November• November Housing Starts: Record Number of Housing Units Under Construction• New Home Sales Increased in November; Previous 3 Months Revised Down Sharply• Lawler: Update on Rent Trends• 4th Look at Local Housing Markets in November; California Sales off 48% YoYThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Lawler: Early Read on Existing Home Sales in November• 3rd Look at Local Housing Markets in November• Current State of the Housing Market; Overview for mid-December• Housing, Inflation and Why the Fed Should Consider a Pause• 2nd Look at Local Housing Markets in NovemberThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Mortgage Equity Withdrawal Still Solid in Q3• 2023 Housing Forecasts• 1st Look at Local Housing Markets in November• Q3 Update: Delinquencies, Foreclosures and REO• Black Knight Mortgage Monitor: Home Prices Declined in October; Down 3.2% since JuneThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week:• Inflation Adjusted House Prices 3.3% Below Peak• Rents Falling Faster than “Seasonality Alone”• FHFA Announces Baseline Conforming Loan Limit Will Increase to $726,200• Case-Shiller: National House Price Index “Continued to Decline” to 10.6% year-over-year increase in September• Join the CalculatedRisk subscriber chatThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week: • New Home Sales Increased in October; Completed Inventory Increased With rising cancellations, the Census Bureau overestimates sales• Lawler: Likely “Dramatic shift” in Household Formation has “Major implications” for 2023• Final Look at Local Housing Markets in October• Case-Shiller, FHFA House Prices Indexes and Conforming Loan Limits will be released on TuesdayThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

The key report this week is October New Home sales.For manufacturing, the Richmond Fed manufacturing survey will be released this week.—– Monday, November 21st —–8:30 AM ET: Chicago Fed National Activity Index for October. This is a composite index of other data.—– Tuesday, November 22nd —–10:00 AM: Richmond Fed Survey of Manufacturing Activity for November. —– Wednesday, November 23rd —–7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 225 thousand initial claims, up from 222 thousand last week.8:30 AM: Durable Goods Orders for October from the Census Bureau. The consensus is for a 0.4% increase in durable goods orders.10:00 AM: New Home Sales for October from the Census Bureau. … [Read More...]

At the Calculated Risk Real Estate Newsletter this week: • Current State of the Housing Market; Overview for mid-November• Housing and Inflation• Homebuilder Comments in October: “As negative as I’ve seen”• New Home Cancellations increased Sharply in Q3• https://calculatedrisk.substack.com/p/new-home-cancellations-increased-5b3• Black Knight Mortgage Monitor: Home Prices Declined in September; Down 2.6% since JuneThis is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]

At the Calculated Risk Real Estate Newsletter this week: • “Interest rates have put the brakes on the market.”• First Look at 2023 Housing Forecasts• How Much will the Fannie & Freddie Conforming Loan Limit Increase for 2023?• Year-over-year Pace of Rent Increases Continues to Slow• Realtor.com Weekly Inventory Up 40% Year-over-year; Now Above Same Week in 2020This is usually published 4 to 6 times a week and provides more in-depth analysis of the housing market.You can subscribe at https://calculatedrisk.substack.com/Most content is available for free (and no Ads), but please subscribe! [Read More...]