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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…

NAR: Pending Home Sales Increase 6.1% in March; Down 0.6% YoY

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From the NAR: Pending Home Sales Jumped 6.1% in March
Pending home sales increased 6.1% in March – the greatest month-to-month increase since December 2023 (+7.0%) – according to the National Associa…

Personal Income increased 0.5% in March; Spending increased 0.7%

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The BEA released the Personal Income and Outlays report for March:
Personal income increased $116.8 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the U.S…

BEA: Real GDP decreased at 0.3% Annualized Rate in Q1

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From the BEA: Gross Domestic Product, 1st Quarter 2025 (Advance Estimate)
Real gross domestic product (GDP) decreased at an annual rate of 0.3 percent in the first quarter of 2025 (January, February…

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey

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From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 4.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (M…

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