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ISM® Manufacturing index Decreased to 48.7% in April

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(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…

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

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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…

Light Vehicles Sales "Beat the tariff" at 17.3 million SAAR in April

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Wards Auto released their estimate of light vehicle sales for April: Tariff-Induced Buying Pumps U.S. Light-Vehicle Sales for Second Month in April (pay site).
Tariff-related buying lifted sales over …

Thursday: Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales

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

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for i…

Freddie Mac House Price Index Mostly Unchanged in March; Up 3.0% Year-over-year

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Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Mostly Unchanged in March; Up 3.0% Year-over-year

A brief excerpt:
Freddie Mac reported that its “National” Home Pr…

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