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  • Thu, Feb 1 2018
  • 12:59 PM » Economy to grow at 5.4% rate in first quarter, Atlanta Fed tracker shows
    Published Thu, Feb 01 2018 12:59 PM by CNBC
    GDP is expected to surge 5.4 percent to start 2018, the Atlanta Fed estimated in its latest rolling look.
  • 12:31 PM » Freddie Mac Names Top Multifamily Lenders for 2017
    Published Thu, Feb 01 2018 12:31 PM by freddiemac.mwnewsroom.com
    Freddie Mac Names Top Multifamily Lenders for 2017
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 11:09 AM » Home Sellers Are Really Cashing In These Days, Report Finds
    Published Thu, Feb 01 2018 11:09 AM by www.realtor.com
    Home sellers made a record amount of profit on their homes in the last quarter of 2017, according to a recent real estate report. The post Home Sellers Are Really Cashing In These Days, Report Finds appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 10:19 AM » ISM Manufacturing index decreased to 59.1 in January
    Published Thu, Feb 01 2018 10:19 AM by Calculated Risk Blog
    The ISM manufacturing index indicated expansion in January. The PMI was at 59.1% in January, down from 59.3% in December. The employment index was at 54.2%, down from 57.2% last month, and the new orders index was at 65.4%, down from 67.4%. From the Institute for Supply Management: January 2018 Manufacturing ISM® Report On Business® Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: " The January PMI® registered 59.1 percent , a decrease of 0.2 percentage point from the seasonally adjusted December reading of 59.3 percent. The New Orders Index registered 65.4 percent , a decrease of 2 percentage points from the seasonally adjusted December reading of 67.4 percent. The Production Index registered 64.5 percent, a 0.7 percentage point decrease compared to the seasonally adjusted December reading of 65.2 percent. The Employment Index registered 54.2 percent , a decrease of 3.9 percentage points from the seasonally adjusted December reading of 58.1 percent. The Supplier Deliveries Index registered 59.1 percent, a 1.9 percentage point increase from the seasonally adjusted December reading of 57.2 percent. The Inventories Index registered 52.3 percent, an increase of 3.8 percentage points from the December reading of 48.5 percent. The Prices Index registered 72.7 percent in January, a 4.4 percentage point increase from the December reading of 68.3 percent, indicating higher raw materials prices for the 23rd consecutive month. emphasis added Click on graph for larger image. Here is a long term graph of the ISM manufacturing index. This was above expectations of 58.7%, and suggests manufacturing expanded at a...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:08 AM » US construction spending rises as private outlays hit record high
    Published Thu, Feb 01 2018 10:08 AM by CNBC
    The Commerce Department said on Thursday construction spending rose 0.7 percent to an all-time high of $1.25 trillion.
  • 10:05 AM » Rates Continue to Rise
    Published Thu, Feb 01 2018 10:05 AM by freddiemac.mwnewsroom.com
    Rates Continue to Rise
    Click Here to Read the Full Article

    Source: freddiemac.mwnewsroom.com
  • 9:19 AM » Weekly Initial Unemployment Claims decrease to 230,000
    Published Thu, Feb 01 2018 9:19 AM by Calculated Risk Blog
    The DOL reported : In the week ending January 27, the advance figure for seasonally adjusted initial claims was 230,000 , a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 233,000 to 231,000. The 4-week moving average was 234,500, a decrease of 5,000 from the previous week's revised average. The previous week's average was revised down by 500 from 240,000 to 239,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. emphasis added The previous week was revised down. The following graph shows the 4-week moving average of weekly claims since 1971. Click on graph for larger image. The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 234,500. This was lower than the consensus forecast. The low level of claims suggest relatively few layoffs.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:19 AM » House passes bills to facilitate online banking, allow federal savings associations to exercise national bank powers
    Published Thu, Feb 01 2018 9:19 AM by www.consumerfinancemonitor.com
    The following bills were passed by the House earlier this week: The “Making Online Banking Initiation Legal and Easy (MOBILE) Act, H.R. 1457. Passed by a vote of 397-8, the MOBILE Act would allow a bank to scan and retain personal information from a state-issued driver’s license or personal identification card when an individual seeks... Continue Reading
    Click Here to Read the Full Article

    Source: www.consumerfinancemonitor.com
  • 8:13 AM » BofA Sees Bond Yields Rising More as Investors Catch Up to Fed
    Published Thu, Feb 01 2018 8:13 AM by Bloomberg
    Bloomberg BofA Sees Bond Yields Rising More as Investors Catch Up to Fed Bloomberg So says a Bank of America Merrill Lynch global research report released Wednesday. U.S. economist Michelle Meyer and her colleagues argue that the market hasn't fully taken into account how far the Federal Reserve intends to raise interest rates. While ...
  • 8:13 AM » Bonds are in 'mild bear market,' says Bill Gross
    Published Thu, Feb 01 2018 8:13 AM by CNBC
    Bill Gross predicts the 10-year Treasury will go "very gradually but not significantly higher," in the next 12 months.
  • 8:12 AM » Fannie Mae Releases December 2017 Monthly Summary ...
    Published Thu, Feb 01 2018 8:12 AM by Fannie Mae
    News Release. Share This: January 31, 2018. Fannie Mae Releases December 2017 Monthly Summary. Katie Penote. 202-752-2261. ...
  • Wed, Jan 31 2018
  • 3:23 PM » Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years
    Published Wed, Jan 31 2018 3:23 PM by Bloomberg
    Bloomberg Homebuilders Just Had Their Nastiest Seven-Day Run in Two Years Bloomberg When it comes to the U.S. housing market, James Stack could be forgiven for thinking he's a seer. Like other investors, Stack, who manages $1.3 billion for people with a high net worth, watched housing stocks surge last year. An S&P index of ... and more »
  • 3:23 PM » Traders are still expecting two to three rate hikes this year after Fed statement
    Published Wed, Jan 31 2018 3:23 PM by CNBC
    The Federal Reserve likely remains on track to raise interest rates at least two times this year.
  • 2:26 PM » D.R. Horton's affordable homes unit to get boost from first-time buyers
    Published Wed, Jan 31 2018 2:26 PM by Reuters
    (Reuters) - D.R. Horton Inc's creation four years ago of a separate affordable homes business is yielding results as robust economic growth returns confidence to the U.S. housing market, and other homebuilders are now increasingly focusing on the segment.
  • 2:25 PM » Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy"
    Published Wed, Jan 31 2018 2:25 PM by Federal Reserve
    Federal Open Market Committee reaffirms its "Statement on Longer-Run Goals and Monetary Policy Strategy"
    Click Here to Read the Full Article

    Source: Federal Reserve
  • 2:25 PM » Fed leaves rates unchanged but gives more aggressive inflation expectations
    Published Wed, Jan 31 2018 2:25 PM by CNBC
    The markets did not expect the Federal Open Market Committee to hike interest rates at Chair Janet Yellen's final meeting.
  • 12:58 PM » How financial markets performed during the Yellen Fed years
    Published Wed, Jan 31 2018 12:58 PM by CNBC
    Fed Chair Yellen leaves her post after four years, and during that time it was smooth sailing for stocks, with tech shares doubling.
  • 12:43 PM » Fidelity's Jurrien Timmer: The risk to this bull market is an aggressive Fed
    Published Wed, Jan 31 2018 12:43 PM by CNBC
    The full interview with Jurrien Timmer.
  • 12:30 PM » Expect to see commodities rise because the dollar will keep falling, analysts say
    Published Wed, Jan 31 2018 12:30 PM by CNBC
    There's a bright forecast ahead for commodities, with a particular bet on metals as the dollar's future is expected to stay grim.
  • 11:22 AM » U.S. Raises Longer-Term Debt Sales as Budget Deficit Worsens
    Published Wed, Jan 31 2018 11:22 AM by Bloomberg
    President Donald Trump's administration will increase the amount of long-term bonds it sells to $66 billion this quarter, marking the first boost in borrowing since 2009 as the Treasury seeks to cover mounting budget deficits. The Treasury is shaping the government's borrowing plans against a budget shortfall that grew to $665.7 billion last fiscal year because of higher spending on Medicare, Social Security and other programs for an aging population. The gap is expected to widen further due to tax cuts enacted this year that are projected to reduce revenue by almost $1.5 trillion over the next decade.
  • 10:39 AM » Consumer protection bureau structure upheld in blow to Trump's deregulation efforts
    Published Wed, Jan 31 2018 10:39 AM by CNBC
    Consumer protection bureau structure upheld in blow to Trump's deregulation efforts<br/>https://www.cnbc.com/2018/01/31/court-overturns-november-2016-decision-that-gave-president-to-fire-cfpb-director-at-will.html
  • 9:15 AM » ADP: Private Employment increased 234,000 in January
    Published Wed, Jan 31 2018 9:15 AM by Calculated Risk Blog
    From ADP: Private sector employment increased by 234,000 jobs from December to January according to the January ADP National Employment Report®. ... The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. ... "We've kicked off the year with another month of unyielding job gains," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Service providers were firing on all cylinders, posting their strongest gain in more than a year. We also saw robust hiring from midsize and large companies, while job growth in smaller firms slowed slightly." Mark Zandi, chief economist of Moody's Analytics, said, "The job market juggernaut marches on. Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs. If it falls short, it is likely because businesses can't find workers to fill all the open job positions." This was above the consensus forecast for 195,000 private sector jobs added in the ADP report.  The BLS report for January will be released Friday, and the consensus is for 176,000 non-farm payroll jobs added in January.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:22 AM » ECB won't be too hasty in ending bond buys: Coeure
    Published Wed, Jan 31 2018 8:22 AM by Reuters
    DUBLIN (Reuters) - The European Central Bank will not be too hasty in ending its 2.55 trillion euro ($3.17 trillion) bond purchase program as inflation is still not moving decisively toward its target, executive board member Benoit Coeure said on Wednesday.
  • 8:22 AM » Lawmakers question price tag of Trump's SOTU infrastructure pitch
    Published Wed, Jan 31 2018 8:22 AM by www.politico.com
    President Donald Trump made a fresh plea Tuesday night for bipartisanship on rebuilding the nation's crumbling roads and bridges. But lawmakers in both parties left his State of the Union still wondering about how Trump wants to pay for it.
    Click Here to Read the Full Article

    Source: www.politico.com
  • 8:14 AM » BOJ hoses down market speculation of early stimulus exit
    Published Wed, Jan 31 2018 8:14 AM by Reuters
    OITA/TOKYO, Japan (Reuters) - The Bank of Japan ramped up efforts to dispel market speculation of an early withdrawal of its massive stimulus, boosting its bond buying plan on Wednesday and reassuring markets that monetary policy will remain ultra-loose given meager inflation.
  • 8:11 AM » Fed expected to leave rates unchanged, may sound hawkish after Yellen's final meeting
    Published Wed, Jan 31 2018 8:11 AM by CNBC
    The Federal Reserve may sound a bit more hawkish, as Fed Chair Janet Yellen's tenure comes to an end.
  • Tue, Jan 30 2018
  • 4:53 PM » Three events in the next 24 hours that could determine whether the sell-off continues
    Published Tue, Jan 30 2018 4:53 PM by CNBC
    The stock market's biggest enemy this week has been rising interest rates, and there are three big events coming up that could push rates higher.
  • 3:14 PM » ECB's Knot Says QE May End With Short Taper After September
    Published Tue, Jan 30 2018 3:14 PM by Bloomberg
    ECB's Knot Says QE May End With Short Taper After September Bloomberg European Central Bank Governing Council member Klaas Knot said he backs the view that quantitative easing probably won't come to a sudden halt. "It's perfectly reasonable for the asset-purchase program to come to an end after September with a short ... and more »
  • 3:13 PM » Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3%
    Published Tue, Jan 30 2018 3:13 PM by Bloomberg
    Bloomberg Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3% Bloomberg The 10-year Treasury yield needs to crack at least 3 percent before interest rates provide "meaningful" support for the dollar, according to Eurizon SLJ Capital Chief Executive Officer Stephen Jen. While the Treasury benchmark has climbed about 30 ... and more »
  • 3:13 PM » This Is the Best Time of Year to Rent
    Published Tue, Jan 30 2018 3:13 PM by www.realtor.com
    In the 10 largest U.S. metros, apartments were on average 3.9% cheaper to rent in the winter than in the more competitive summer months, a study found. The post This Is the Best Time of Year to Rent appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 3:12 PM » If the market's drop turns into a correction, history says hide out in gold, bonds
    Published Tue, Jan 30 2018 3:12 PM by CNBC
    When the market falls and volatility rises, investors should hide in bonds and gold, according to CNBC analysis.
  • 2:09 PM » This stock market drop is about one thing: fear of rising interest rates
    Published Tue, Jan 30 2018 2:09 PM by CNBC
    As the Fed meets, stocks are having a tantrum over rising interest rates that could result in the deepest sell off since the correction after Brexit.
  • 2:09 PM » Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower
    Published Tue, Jan 30 2018 2:09 PM by Bloomberg
    Bloomberg Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower Bloomberg Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Banking, Housing and Urban Development Committee hearing in Washington, D.C., on Jan. 30. Photographer: Andrew Harrer/Bloomberg. The U.S. currency policy used to be just a few words: A ... and more »
  • 2:09 PM » Freddie Mac: Mortgage Serious Delinquency Rate Increased Sharply in December
    Published Tue, Jan 30 2018 2:09 PM by Calculated Risk Blog
    Freddie Mac reported that the Single-Family serious delinquency rate in December was 1.08%, up sharply from 0.95% in November. Freddie's rate is up from 1.00% in December 2016. Freddie's serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are "three monthly payments or more past due or in foreclosure".  Click on graph for larger image This increase in the delinquency rate was due to the hurricanes - no worries about the overall market - and we might see a further increase over the next month or so (These are serious delinquencies, so it takes three months late to be counted). After the hurricane bump, maybe the rate will decline to a cycle bottom in the 0.5% to 0.8% range.. Note: Fannie Mae will report for December soon.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:15 PM » Another Top-10 List — Where Millennials are Buying Homes
    Published Tue, Jan 30 2018 12:15 PM by blog.stewart.com
    Contrary to popular opinion, Millennials are buying homes today and the rate of homeownership among the demographic is going no place but up in the long run as they age. Since 2016, Millennials have been the top homebuyer demographic cohort in the U.S. according to the National Association of Realtors® (NAR). In the latter half … Read more
    Click Here to Read the Full Article

    Source: blog.stewart.com
  • 11:51 AM » Wall Street hit by rising bond yields, sinking health stocks
    Published Tue, Jan 30 2018 11:51 AM by Reuters
    (Reuters) - U.S. stocks fell for a second straight day on Tuesday, with the Dow Jones Industrial Average tumbling as much as 352 points, hammered by a rise in bond yields and a decline in healthcare companies.
  • 11:03 AM » HVS: Q4 2017 Homeownership and Vacancy Rates
    Published Tue, Jan 30 2018 11:03 AM by Calculated Risk Blog
    The Census Bureau released the Residential Vacancies and Homeownership report for Q4 2017. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldn't rely on the absolute numbers.  The Census Bureau is investigating the differences between the HVS, ACS and decennial Census, and analysts probably shouldn't use the HVS to estimate the excess vacant supply or household formation, or rely on the homeownership rate, except as a guide to the trend. Click on graph for larger image. The Red dots are the decennial Census homeownership rates for April 1st 1990, 2000 and 2010. The HVS homeownership rate increased to 64.2% in Q4, from 63.9% in Q3. I'd put more weight on the decennial Census numbers - and given changing demographics, the homeownership rate has probably bottomed. The HVS homeowner vacancy was unchanged at 1.6% in Q4.  Once again - this probably shows the general trend, but I wouldn't rely on the absolute numbers. The rental vacancy rate decreased to 6.9% in Q4. The quarterly HVS is the most timely survey on households, but there are many questions about the accuracy of this survey. Overall this suggests that vacancies have declined significantly, and my guess is the homeownership rate has bottomed - and that the rental vacancy rate has bottomed for this cycle.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:25 AM » Treasury Refunding Announcement Is a Rare Nail-Biter for Traders
    Published Tue, Jan 30 2018 10:25 AM by Bloomberg
    Bloomberg Treasury Refunding Announcement Is a Rare Nail-Biter for Traders Bloomberg The U.S. Treasury's quarterly refunding announcement on Wednesday is shaping up to be the most interesting in years. Everyone with an opinion expects the department to boost the sizes of at least some auctions in February to accommodate a growing ... and more »
  • 10:15 AM » US January Consumer Confidence index 125.4 vs 123.1 expectations
    Published Tue, Jan 30 2018 10:15 AM by CNBC
    Consumer optimism
  • 9:26 AM » Bond expert predicts a ‘wall of buying' in Treasurys will protect the stock market
    Published Tue, Jan 30 2018 9:26 AM by CNBC
    Analysts at Morgan Stanley, Deutsche Bank and Societe Generale agree that yields have room to run higher.
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