CALIFORNIA MAY HOUSING: SALES UP 87% YOY, "SIGNS OF COOLING"

Note: Remember sales were weak in April and May 2020 due to the pandemic, so the YoY comparison is easy. The CAR reported: California...

Comments on May Housing Starts

COMMENTS ON MAY HOUSING STARTS

Earlier: Housing Starts increased to 1.572 Million Annual Rate in May Total housing starts in May were below expectations, and starts...

 
 
 
Housing Starts increased to 1.572 Million Annual Rate in May

HOUSING STARTS INCREASED TO 1.572 MILLION ANNUAL RATE IN MAY

From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in May were at a seasonally...

MBA: Mortgage Applications Increase in Latest Weekly Survey

MBA: MORTGAGE APPLICATIONS INCREASE IN LATEST WEEKLY SURVEY

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 4.2 percent from one week...

 
 
 

WEDNESDAY: HOUSING STARTS, FOMC STATEMENT

Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association will release the results for the mortgage purchase applications index. •...

Second Home Market: South Lake Tahoe in May

SECOND HOME MARKET: SOUTH LAKE TAHOE IN MAY

Three months ago, from Jann Swanson at MortgageNewsDaily: Fannie Warns Lenders on Investment Properties and 2nd Homes. This action...

 
 
 
June 15th COVID-19 New Cases, Vaccinations, Hospitalizations

JUNE 15TH COVID-19 NEW CASES, VACCINATIONS, HOSPITALIZATIONS

This data is from the CDC . According to the CDC, on Vaccinations . Total doses administered: 311,886,674, as of yesterday 310,645,827....

LA Area Port Traffic: Record Imports in May

LA AREA PORT TRAFFIC: RECORD IMPORTS IN MAY

Note: The expansion to the Panama Canal was completed in 2016 , and some of the traffic that used the ports of Los Angeles and Long...

 
 
 
NAHB: Builder Confidence Declined to 81 in May

NAHB: BUILDER CONFIDENCE DECLINED TO 81 IN MAY

The National Association of Home Builders reported the housing market index was at 81, down from 83 in April. Any number above 50 indicates...

Industrial Production Increased 0.8 Percent in May

INDUSTRIAL PRODUCTION INCREASED 0.8 PERCENT IN MAY

From the Fed: Industrial Production and Capacity Utilization Total industrial production increased 0.8 percent in May. Manufacturing...

 
 
 
Retail Sales Decreased 1.3% in May

RETAIL SALES DECREASED 1.3% IN MAY

On a monthly basis, retail sales were decreased 1.3% from April to May , and sales were up 28.1 percent from May 2020. From the Census...

TUESDAY: RETAIL SALES, PPI, NY FED MFG, INDUSTRIAL PRODUCTION, HOMEBUILDER CONFIDENCE

From Matthew Graham at Mortgage News Daily: MBS RECAP: New Week, New Sense of Urgency The new week wasted no time in differentiating...

 
 
 
June 14th COVID-19 New Cases, Vaccinations, Hospitalizations; NY State and D.C. Meet 70% Goal

JUNE 14TH COVID-19 NEW CASES, VACCINATIONS, HOSPITALIZATIONS; NY STATE AND D.C. MEET 70% GOAL

Congratulations to the residents of New York State and D.C. on joining the 70% club! Go for 80%!!! This data is from the CDC . According...

MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 4.04%"

MBA SURVEY: "SHARE OF MORTGAGE LOANS IN FORBEARANCE DECREASES TO 4.04%"

Note: This is as of June 6th. From the MBA: Share of Mortgage Loans in Forbearance Decreases to 4.04% The Mortgage Bankers Association's...

 
 
 
Mortgage Equity Withdrawal in Q1 2021

MORTGAGE EQUITY WITHDRAWAL IN Q1 2021

Note: This is not Mortgage Equity Withdrawal data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The...

MARYLAND REAL ESTATE IN MAY: SALES UP 46% YOY, INVENTORY DOWN 57% YOY

Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. Remember...

 
 
 
Housing Inventory June 14th Update: Inventory Increased Week-over-week

HOUSING INVENTORY JUNE 14TH UPDATE: INVENTORY INCREASED WEEK-OVER-WEEK

One of the key questions for 2021 is: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2021? Tracking...

Seven High Frequency Indicators for the Economy

SEVEN HIGH FREQUENCY INDICATORS FOR THE ECONOMY

These indicators are mostly for travel and entertainment. It will interesting to watch these sectors recover as the pandemic subsides. ---...

 
 
 

SUNDAY NIGHT FUTURES

Weekend: • Schedule for Week of June 13, 2021 Monday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg...

June 13th COVID-19 New Cases, Vaccinations, Hospitalizations

JUNE 13TH COVID-19 NEW CASES, VACCINATIONS, HOSPITALIZATIONS

New cases per day is now the lowest since March 26, 2020. KUDOS to the vaccinated! Great job. This data is from the CDC . According...

 
 
 



Hyde Hotels to Open Its First International Property in Dubai

Hyde Hotels to Open Its First International Property in Dubai

The Hyde Hotels, Resorts & Residences brand today announced Dubai's first Hyde Hotel to open in Dubai Business Bay with four branded culinary experiences Read more ...

Southwest Airlines is delaying and canceling flights for the third day in a...

Southwest Airlines is delaying and canceling flights for the third day in a row as it tries to bounce back from technical issues that grounded its planes

Summary List Placement Southwest Airlines is delaying and canceling flights for the third day in a row as it continues to deal with the fallout from multiple issues that... Read more ...

Buy any dip in Tesla's stock because of its long-term growth potential, says...

Buy any dip in Tesla's stock because of its long-term growth potential, says a wealth manager at a $1.2 billion firm

Summary List Placement Traders should buy Tesla any time there's an opportunity, according to one investor. Michael Bapis, managing director of a private-wealth management firm... Read more ...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a better inflation hedge than gold and what role ethereum plays in a recent interview. Here are the 10 best quotes

Summary List Placement MicroStrategy CEO Michael Saylor walked through his company's bitcoin investing strategy, fresh from borrowing $500 million to fund its purchases and... Read more ...

Hilton to Open Six New Hotels in France by Year End

Hilton to Open Six New Hotels in France by Year End

Hilton prepares to welcome guests to six new hotels across France before the end of the year, including the country's first Tapestry Collection by Hilton hotels Read more ...

Hog futures in China tumble to record low amid fears of pork oversupply

Hog futures in China tumble to record low amid fears of pork oversupply

Summary List Placement Hog futures in China tumbled to record lows amid fears of pork oversupply, the Financial Times reported . Dalian-traded hog futures -which allow... Read more ...

COVID-19 Webinar Summary: 5 Key Points on Europe Hotel Performance, 11 June...

COVID-19 Webinar Summary: 5 Key Points on Europe Hotel Performance, 11 June - STR

While Europe prepares for the summer months, hotel performance levels remain low. The U.K. is the outlier most recently, however, with a 59.5% occupancy level on a rolling... Read more ...

Lumber and copper prices have further to slide as speculation dies down and...

Lumber and copper prices have further to slide as speculation dies down and supply catches up, a top commodity strategist says

Summary List Placement The dramatic slide in lumber and copper prices has further to go, as speculators pull out of the market and supply catches up with demand, Saxo Bank's... Read more ...

Metal prices fall as China says it will release state stockpiles in effort...

Metal prices fall as China says it will release state stockpiles in effort to control a soaring commodities rally

Summary List Placement Most metal prices in London and Shanghai fell early Wednesday before paring back losses as China ramped up its campaign to rein in commodity prices that... Read more ...

Digital health companies are outgrowing highly specific markets. One expert...

Digital health companies are outgrowing highly specific markets. One expert says that's fueling the consolidation wave overtaking the industry

Summary List Placement For all the praise investors and founders lay on consumer-focused healthcare trends, it faces a major barrier that might be driving the current wave of... Read more ...