Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
2,000,000
# of Visitors Per Month
Select a Date
Use the calendar to view news headlines from a specific date.
Today  |  Yesterday  |  Random
Bottom Right Default
State Name: Washington
State Name underscore: Washington
State Name dash: Washington
State Name lower underscore: washington
State Name lower dash: washington
State Name lower: washington
State Abbreviation: WA
State Abbreviation Lower: wa
Suggest a Story
Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.
Please add 6 and 5 and type the answer here:
Leave this field blank.
What is Around the Web?
It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.
» Click any link below to read more.
  • Tue, Jan 19 2021
  • 12:15 PM » Then and Now
    Published Tue, Jan 19 2021 12:15 PM by Calculated Risk Blog
    A few indicators comparing four years ago and today ...   Jan-17 Dec-20 Vehicle Sales 1 16.7 16.4 Employment change 2 10,364 -2,818 Unemployment Rate 3 4.7% 6.7% Participation Rate 4 62.8% 61.5% Housing Starts 5 1,056 1,278 New Home Sales 6 486 679 Mortgage Delinquency Rate 7 6.1% 8.3% Budget Deficit 8 3.2% 16.0% S&P 500 9 2,269 3,790 1 millions, SAAR (average previous 4 years) 2 Thousands (over previous 4 years) 3 Most Recent Month 4 Most Recent Month 5 Thousands, SAAR (average previous 4 years) 6 Thousands, SAAR (average previous 4 years) 7 Source: MBA, Quarterly including in-foreclosure (most recent quarter) 8 Annual, fiscal 2016 vs. 2020 9 Jan 20, 2017 vs Jan 19, 2021
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:47 AM » Continued Gains for November Single-Family Permits
    Published Tue, Jan 19 2021 11:47 AM by eyeonhousing.org
    Over the first eleven months of 2020, total single-family permits issued year-to-date (YTD) nationwide reached 888,217. On a year-over-year (YoY) basis, this is an 12.2% increase over the November 2019 level of 791,452. Year-to-date ending in November, single-family permits across the four regions ranged from an increase of 14.4% in the South to an increase of 8.0% in the Northeast.... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 11:23 AM » The average FICO score is 711. Here's what the number means and how you can get a higher rating
    Published Tue, Jan 19 2021 11:23 AM by CNBC
    Many U.S. lenders use one type of credit score called the "FICO score." The three-digit number helps determine how much you pay for credit.
  • 9:59 AM » Watch Janet Yellen speak live during her confirmation hearing as Treasury Secretary
    Published Tue, Jan 19 2021 9:59 AM by CNBC
    Janet Yellen faces the Senate Finance Committee on Tuesday for her confirmation hearing to the post of Treasury Secretary.
  • 9:06 AM » A Positive Note from Merrill: "A light at the end of the COVID cave"
    Published Tue, Jan 19 2021 9:06 AM by Calculated Risk Blog
    Here is a positive outlook on the 2021 economy.   A few brief excerpts from a research note by Merrill Lynch Global Economist Ethan Harris: A light at the end of the COVID cave Normally we write about COVID news in the back, but now it deserves front-page coverage; With COVID cases falling and vaccines accelerating, this is probably the beginning of the end of the COVID crisis. Here we argue: • Renewed restrictions and the end to the holiday season seem to be bending the cases curve. • The vaccine rollout should continue to accelerate as new resources and effort is put into the project. • There is one major caveat: new more contagious strains have arrived in the US. ... What does this mean for the economy? We continue to see upside risks to our above consensus forecast. We think the vulnerable population will be inoculated by March/April, cutting hospitalizations dramatically, and allowing a partial reopening. Michelle Meyer and team have already boosted their GDP forecast for 2021 from 4.6% to 5.0% based on a somewhat earlier and bigger stimulus package. Moreover, like most forecasters they have not incorporated the impact of a second package.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:08 AM » Treasury yields rise ahead of Yellen's Senate speech
    Published Tue, Jan 19 2021 8:08 AM by CNBC
    U.S. Treasury yields climbed on Tuesday morning, as traders watched for comments from Treasury Secretary nominee Janet Yellen.
  • Fri, Jan 15 2021
  • 3:13 PM » Operation Costs per Dollar Value Lower for New Homes
    Published Fri, Jan 15 2021 3:13 PM by eyeonhousing.org
    New NAHB research based on the latest 2019 American Housing Survey (AHS) shows that, on average, homeowners spend around $9,240 per year to operate and maintain a single-family detached home. This includes property taxes, insurance, maintenance and utilities, with property taxes being the costliest component. Annual operating costs increase consistently with household income, home size and value. When measured as... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 2:28 PM » Led by Lumber, Building Materials Prices Climb 5.4% in 2020
    Published Fri, Jan 15 2021 2:28 PM by eyeonhousing.org
    Prices paid for goods used in residential construction ex-energy rose 0.7% in December (not seasonally adjusted) and ended the year 5.4% higher than they stood in December 2019, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices declined just twice over the... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 2:04 PM » Fed's Rosengren voices support for Biden stimulus proposal
    Published Fri, Jan 15 2021 2:04 PM by CNBC
    Rosengren said he was comfortable with the action despite a nearly $2 trillion price tag that will take the government deeper into the red.
  • 1:13 PM » IRS delays start of tax filing season to Feb. 12
    Published Fri, Jan 15 2021 1:13 PM by news.google.com
    IRS delays start of tax filing season to Feb. 12    CNBC
    Click Here to Read the Full Article

    Source: news.google.com
  • 12:24 PM » CAR on California December Housing: Sales up 28% YoY, Active Listings down 47% YoY
    Published Fri, Jan 15 2021 12:24 PM by Calculated Risk Blog
    The CAR reported: California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports Despite a global pandemic that lingered most of the year, two lockdowns and a struggling economy, California's housing market closed out 2020 on a high note, recording solid sales and a fifth record-high median price in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 509,750 units in December, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. December home sales ticked up 0.2 percent from 508,820 in November and were up 28 percent from a year ago , when 398,370 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the fifth consecutive and the largest yearly gain since May 2009. For the year as a whole, annual home sales rose to a preliminary 411,870 closed escrow sales in California, up 3.5 percent from 2019's pace of 397,960 . ... "Home prices, which usually peak during the summer, were unseasonably strong in December," said C.A.R. Vice President and Chief Economist Jordan Levine. "The imbalance between supply and demand continues to fuel home price gains as would-be home sellers remain reluctant to list their homes during the pandemic, contributing to a more-than-40-percent year-over-year decline in active listings for the seventh straight month." ... Active listings fell 47.1 percent from last year and continued to drop more than 40 percent on a year-over-year basis for the seventh...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:51 AM » Industrial Production Increased 1.6 Percent in December; 3.3% Below Pre-Crisis Level
    Published Fri, Jan 15 2021 9:51 AM by Calculated Risk Blog
    From the Fed: Industrial Production and Capacity Utilization Industrial production advanced 1.6 percent in December , with gains of 0.9 percent for manufacturing, 1.6 percent for mining, and 6.2 percent for utilities. The increase for utilities resulted from a rebound in demand for heating after unseasonably warm weather in November. For the fourth quarter as a whole, total industrial production rose at an annual rate of 8.4 percent. At 105.7 percent of its 2012 average, total industrial production in December was 3.6 percent lower than it was a year earlier and 3.3 percent below its pre-pandemic February reading. Capacity utilization for the industrial sector rose 1.1 percentage points in December to 74.5 percent, a rate that is 5.3 percentage points below its long-run (1972-2019) average. emphasis added Click on graph for larger image. This graph shows Capacity Utilization. This series is up from the record low set in April, but still below the level in February 2020. Capacity utilization at 74.5% is 5.3% below the average from 1972 to 2019. Note: y-axis doesn't start at zero to better show the change. The second graph shows industrial production since 1967. Industrial production increased in December to  105.7. This is 3.3% below the February 2020 level. The change in industrial production was above consensus expectations, and industrial production in October and November were revised up slightly.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:51 AM » Retail Sales decreased 0.7% in December
    Published Fri, Jan 15 2021 8:51 AM by Calculated Risk Blog
    On a monthly basis, retail sales decreased 0.7 percent from November to December (seasonally adjusted), and sales were up 2.9 percent from December 2019. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for December 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $540.9 billion, a decrease of 0.7 percent from the previous month , but 2.9 percent above December 2019. Total sales for the 12 months of 2020 were up 0.6 percent from 2019 . ... The October 2020 to November 2020 percent change was revised from down 1.1 percent to down 1.4 percent. emphasis added Click on graph for larger image. This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales ex-gasoline were down 1.2% in December. The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 4.2% on a YoY basis. The decrease in December was slightly above expectations, however sales in October and November were revised down.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:06 AM » Treasury yields pull back following Biden's $1.9 trillion stimulus announcement
    Published Fri, Jan 15 2021 8:06 AM by CNBC
    U.S. Treasury yields gave back some gains made in the previous session, when President-elect Joe Biden announced the details of his economic stimulus plan.
  • 8:06 AM » FHFA Further Extends COVID-Related Loan Flexibilities until February 28
    Published Fri, Jan 15 2021 8:06 AM by twitter.com
    FHFA Further Extends COVID-Related Loan Flexibilities until February 28 https://go.usa.gov/xAmwz (Feed generated with FetchRSS )
  • Thu, Jan 14 2021
  • 4:51 PM » Powell sees no interest rate hikes on the horizon as long as inflation stays low - CNBC
    Published Thu, Jan 14 2021 4:51 PM by news.google.com
    Powell sees no interest rate hikes on the horizon as long as inflation stays low    CNBC Powell: US economy may hit pre-coronavirus strength 'much sooner' than expected | TheHill    The Hill All eyes on Powell as interest rates creep higher    Axios Watch Fed Chair Jerome Powell live in a Q&A on the economy    CNBC Biden Stimulus Announcement, Powell Speech, Jobless Claims - What's up in Markets By    Investing.com View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • 2:30 PM » Powell sees no interest rate hikes on the horizon as long as inflation stays low
    Published Thu, Jan 14 2021 2:30 PM by CNBC
    Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.
  • 12:57 PM » Four reasons why more public housing isn't the solution to affordability concerns
    Published Thu, Jan 14 2021 12:57 PM by webfeeds.brookings.edu
    With President-elect Joe Biden about to take office bolstered by Democratic control of both the House and Senate, left-leaning wonks and activists are putting together wish lists for new legislation across a myriad of issues and policy arenas. Housing is a big one. A recent idea that's drawing attention among housing activists-and some legislators-is to…             
    Click Here to Read the Full Article

    Source: webfeeds.brookings.edu
  • 12:57 PM » Watch Fed Chair Jerome Powell live in a Q&A on the economy
    Published Thu, Jan 14 2021 12:57 PM by CNBC
    Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance.
  • 11:22 AM » Hotels: Occupancy Rate Declined 28.3% Year-over-year
    Published Thu, Jan 14 2021 11:22 AM by Calculated Risk Blog
    From HotelNewsNow.com: STR: US hotel results for week ending 9 January U.S. weekly hotel occupancy fell back below the 40% mark, according to STR's latest data through 9 January. 3-9 January 2021 (percentage change from comparable week in 2020): • Occupancy: 37.0% (-28.3%) • Average daily rate (ADR): US$87.97 (-27.1%) • Revenue per available room (RevPAR): US$32.59 (-47.7%) The previous week's occupancy was lifted by New Year's travel. As that holiday travel dissipated, TSA checkpoint counts and hotel room demand each declined by roughly 1.3 million in a week-over-week comparison. emphasis added The following graph shows the seasonal pattern for the hotel occupancy rate using the four week average . Click on graph for larger image. The red line is for 2021, black is 2020, blue is the median, and dashed light blue is for 2009 (the worst year since the Great Depression for hotels - before 2020). Seasonally we'd expect that business travel would start to pick up in the new year, but there will probably not be much pickup early in 2021. Note: Y-axis doesn't start at zero to better show the seasonal change.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:22 AM » Manhattan apartment rentals nearly doubled in December
    Published Thu, Jan 14 2021 11:22 AM by CNBC
    "It's a baby step in the right direction," said Jonathan Miller, CEO of appraisal and research firm Miller Samuel. "The metrics are still very weak."
  • 9:05 AM » Treasuries sell off as Joe Biden eyes $2 trillion stimulus package, while US stocks set to edge higher
    Published Thu, Jan 14 2021 9:05 AM by www.businessinsider.com
    Treasuries sell off as Joe Biden eyes $2 trillion stimulus package, while US stocks set to edge higher
    Click Here to Read the Full Article

    Source: www.businessinsider.com
  • 8:40 AM » U.S. weekly jobless claims total 965,000, vs 800,000 estimate
    Published Thu, Jan 14 2021 8:40 AM by CNBC
    First-time claims for unemployment insurance were expected to total 800,000 last week, according to economists surveyed by Dow Jones.
  • 8:05 AM » The housing market tells the whole story: Morning Brief
    Published Thu, Jan 14 2021 8:05 AM by news.google.com
    The housing market tells the whole story: Morning Brief    Yahoo Tech
    Click Here to Read the Full Article

    Source: news.google.com
  • 8:03 AM » Treasury yields rise ahead of Biden stimulus plan announcement
    Published Thu, Jan 14 2021 8:03 AM by news.google.com
    Treasury yields rise ahead of Biden stimulus plan announcement    CNBC View Full Coverage on Google News
    Click Here to Read the Full Article

    Source: news.google.com
  • Wed, Jan 13 2021
  • 2:32 PM » The unemployment rate is above 20% for the lowest-paid workers, Fed's Brainard says
    Published Wed, Jan 13 2021 2:32 PM by CNBC
    Federal Reserve Governor Lael Brainard said the figure underscores the importance of policy help for the economy.
  • 2:32 PM » Biden to unveil new Covid stimulus plan, hopes for bipartisan support
    Published Wed, Jan 13 2021 2:32 PM by CNBC
    A person familiar with Biden's stimulus plans says the president-elect will seek bipartisan support for his Covid relief proposal.
  • 12:48 PM » Houston Real Estate in December: Sales Up 27% YoY, Inventory Down 29% YoY
    Published Wed, Jan 13 2021 12:48 PM by Calculated Risk Blog
    From the HAR: The Houston Housing Market Defies a Pandemic to Set New Records in 2020 Not even a devastating global pandemic could stop the Houston real estate market from shattering records as it crossed the finish line for the 2020 calendar year. Single-family home sales surpassed 2019's record volume by more than 10 percent, even as the supply of homes withered to the lowest levels of all time. ... According to HAR's 2020 annual market report, single-family home sales rose 10.5 percent to 96,151. Sales of all property types for the year totaled 115,523. That represents an 11.6-percent increase over 2019's record volume and marks only the second time in history that total property sales broke the 100,000 level. Total dollar volume for 2020 shot up 18.1 percent to a record-breaking $35.3 billion. ... December single-family home sales jumped 25.5 percent year-over-year with 9,652 units sold; Total December property sales increased 27.2 percent to 11,572 units ; ... Total active listings, or the total number of available properties, fell 28.6 percent from a year earlier to 26,821. emphasis added Inventory declined 28.6% year-over-year from 37,574 in December 2019 to 26,821 in December 2020.   This is just 1.9 months of supply. Note that the closed sales in December were for contracts that were mostly signed in October and November.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 11:47 AM » Cleveland Fed: Key Measures Show Inflation Soft in December
    Published Wed, Jan 13 2021 11:47 AM by Calculated Risk Blog
    The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% December. The 16% trimmed-mean Consumer Price Index rose 0.2% in December. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' (BLS) monthly CPI report". Note: The Cleveland Fed released the median CPI details for December  here . Motor fuel was up 161% annualized in December. Click on graph for larger image. This graph shows the year-over-year change for these four key measures of inflation. On a year-over-year basis, the median CPI rose 2.2%, the trimmed-mean CPI rose 2.1%, and the CPI less food and energy rose 1.6%. Core PCE is for November and increased 1.4% year-over-year. Overall inflation will not be a concern during the crisis. Important Note: We will likely see some year-over-year jumps in some measures of inflation, since we saw some deflation in 2020. For example, we saw negative Month-to-month (MoM) core CPI and CPI readings in March, April and May 2020. Assuming positive readings in those months in 2021, the YoY change in CPI and core CPI will jump. We also saw negative MoM PCE and core PCE reading in March and April 2020.  Ignore a jump in YoY inflation in March, April and May!
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:53 AM » Consumer Prices Increase in December
    Published Wed, Jan 13 2021 10:53 AM by eyeonhousing.org
    In December, consumer prices increased due to a jump in energy prices. However, inflationary pressures remained weak as the economy is struggling amid the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.4% in December on a seasonally adjusted basis, faster than a 0.2% increase in November. Excluding the volatile food... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 8:43 AM » Treasury yields slip following strong 10-year note auction
    Published Wed, Jan 13 2021 8:43 AM by CNBC
    U.S. Treasury yields dipped on Wednesday, after strong demand in an auction for $38 billion of 10-year notes on Tuesday.
  • 8:42 AM » Lagarde stands by growth forecasts despite new lockdowns hitting Europe
    Published Wed, Jan 13 2021 8:42 AM by CNBC
    The ECB is sticking to its growth projections despite new coronavirus restrictions that could extend the economic crisis in the euro area.
  • 8:11 AM » Despite historically low mortgage rates, consumers' homebuying and home-selling sentiment fell in December 2020.
    Published Wed, Jan 13 2021 8:11 AM by twitter.com
    Despite historically low mortgage rates, consumers' homebuying and home-selling sentiment fell in December 2020. Learn more: https://spr.ly/6017HXzrB (Feed generated with FetchRSS )
  • Tue, Jan 12 2021
  • 3:27 PM » Fed's Rosengren says U.S. economy could see robust recovery in second half of 2021
    Published Tue, Jan 12 2021 3:27 PM by Reuters
    (Reuters) - The U.S. economy could see a strong rebound in the second half of this year as vaccinations become widely available, but the virus is still driving the economy and monetary policy will remain accommodative, Boston Federal Reserve Bank President Eric Rosengren said Tuesday.
  • 3:26 PM » Fed's Mester says it's 'premature' to change monetary policy stance
    Published Tue, Jan 12 2021 3:26 PM by Reuters
    (Reuters) - With virus cases still rising, it is too early to talk about adjusting monetary policy or changing the pace or scale of the Federal Reserve's asset purchases, Cleveland Federal Reserve Bank President Loretta Mester said Tuesday.
  • 3:26 PM » Fed's George: "too soon to speculate about the timing of any change"
    Published Tue, Jan 12 2021 3:26 PM by Reuters
    WASHINGTON (Reuters) - Delay in the rollout of coronavirus vaccines is now among the most substantial risks facing the United States, Kansas City Federal Reserve President Esther George said on Tuesday, with the economy poised for a "snapback" once the immunization program succeeds.
  • 2:51 PM » Denver Real Estate in December: Sales Up 5% YoY, Active Inventory Down 50%
    Published Tue, Jan 12 2021 2:51 PM by Calculated Risk Blog
    From the DMAR: Monthly Indicators, December 2020 The number of residential units sold in December (attached and detached) increased to 4,807, up 4.9% from 4,582 in December 2019. Active listings were at 2,541, down 49.6% from 5,037 in December 2019. This is a record low. Annual sales were up 7.0% compared to 2019.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:23 PM » Fed's Esther George cautions that inflation could rise faster than expected
    Published Tue, Jan 12 2021 1:23 PM by CNBC
    Long-dormant inflation could rebound more quickly than anticipated, Kansas City Fed President Esther George said Tuesday.
  • 12:58 PM » Good Riddance to Open Floor Plans and Cabinets Galore: Top Kitchen Trends of 2021
    Published Tue, Jan 12 2021 12:58 PM by www.realtor.com
    Homeowners stuck inside their abodes because of the coronavirus pandemic are remodeling their kitchens with an eye toward these top kitchen trends of 2021. The post Good Riddance to Open Floor Plans and Cabinets Galore: Top Kitchen Trends of 2021 appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:12 PM » Hospitality industry sees drop in job openings and surge in separations as shutdowns take hold
    Published Tue, Jan 12 2021 12:12 PM by CNBC
    Job openings decreased in November, with the biggest hit coming to the battered hospitality industry as the Covid pandemic surges.
1 2 3 4 5 Next > ... Last »
Did you know?
You can see a list of all comments on MND by clicking the 'Read the Latest Comments' option under the 'Community' menu.
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 2.87%
  • |
  • 15 Yr FRM 2.38%
  • |
  • Jumbo 30 Year Fixed 3.33%
MBS Prices:
  • 30YR FNMA 4.5 108-18 (0-01)
  • |
  • 30YR FNMA 5.0 110-17 (-0-00)
  • |
  • 30YR FNMA 5.5 111-17 (0-07)
Recent Housing Data:
  • Mortgage Apps 1.06%
  • |
  • Refinance Index 1.40%
  • |
  • Purchase Index 1.81%