May 2nd COVID Update: COVID Deaths Continue to Decline

found 2025 › May › 03 (Sat) @ 01:25 UTC

a story from Calculated Risk › Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

<div>For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised signi…

Q2 GDP Tracking: Back to Growth, Wide Range

found 2025 › May › 02 (Fri) @ 21:25 UTC

a story from Calculated Risk › Calculated Risk

From BofA (forecast, not tracking):

GDP contracted by 0.3% q.q saar in 1Q, despite solid final demand (+2.3%). In our assessment, the surge in imports (which took 5.0pp off 1Q growth) due to front-r…

Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in March; Multi-Family Delinquency Rate Equals Highest Since 2011 (ex-Pandemic)

found 2025 › May › 02 (Fri) @ 19:02 UTC

a story from Calculated Risk › Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in March

Excerpt:

Freddie Mac reported that the Single-Family serious deli…

Heavy Truck Sales Mostly Unchanged YoY in April

found 2025 › May › 02 (Fri) @ 19:02 UTC

a story from Calculated Risk › Calculated Risk

This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the April 2025 seasonally adjusted annual sales rate (SAAR) of 505 thousand.

Heavy truck sales really collap…

April Employment Report: 177 thousand Jobs, 4.2% Unemployment Rate

found 2025 › May › 02 (Fri) @ 14:21 UTC

a story from Calculated Risk › Calculated Risk

From the BLS: Employment Situation

Total nonfarm payroll employment increased by 177,000 in April, and the unemployment rate was unchanged at 4.2 percent, the U.S. Bureau of Labor Statistics reporte…

Comments on April Employment Report

found 2025 › May › 02 (Fri) @ 14:21 UTC

a story from Calculated Risk › Calculated Risk

The headline jobs number in the April employment report was above expectations, however, February and March payrolls were revised down by 58,000 combined. The participation rate and the employment …

Weekly Initial Unemployment Claims Increase to 241,000

found 2025 › May › 02 (Fri) @ 10:49 UTC

a story from Calculated Risk › Calculated Risk

The DOL reported:

In the week ending April 26, the advance figure for seasonally adjusted initial claims was 241,000, an increase of 18,000 from the previous week's revised level. The previous week…

ISM® Manufacturing index Decreased to 48.7% in April

found 2025 › May › 02 (Fri) @ 10:49 UTC

a story from Calculated Risk › Calculated Risk

(Posted with permission). The ISM manufacturing index indicated expansion. The PMI® was at 48.7% in April, down from 49.0% in March. The employment index was at 46.5%, up from 44.7% the previous m…

Construction Spending Decreased 0.5% in March

found 2025 › May › 02 (Fri) @ 10:49 UTC

a story from Calculated Risk › Calculated Risk

From the Census Bureau reported that overall construction spending decreased:

Construction spending during March 2025 was estimated at a seasonally adjusted annual rate of $2,196.1 billion, 0.5 perce…

Inflation Adjusted House Prices 0.8% Below 2022 Peak; Price-to-rent index is 7.5% below 2022 peak

found 2025 › May › 02 (Fri) @ 10:49 UTC

a story from Calculated Risk › Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 0.8% Below 2022 Peak

Excerpt:

It has been over 18 years since the housing bubble peak. In the February Case-Shil…