Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Fall by 435K
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.From Black Knight: Forbearances See Largest Weekly… Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Fall by 435K
July 9 COVID-19 Test Results
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience… July 9 COVID-19 Test Results
DOT: Vehicle Miles Driven decreased 26% year-over-year in May
The Department of Transportation (DOT) reported:Travel on all roads and streets changed by -25.5% (-72.9 billion vehicle miles) for May 2020 as compared with May… DOT: Vehicle Miles Driven decreased 26% year-over-year in May
Reis on Q2 Office, Mall and Apartment Vacancy Rates
From Reis economist Barbara Byrne Denham: The Apartment Vacancy Rate was unchanged in the second quarter but increased 0.2% from a year ago; Asking and… Reis on Q2 Office, Mall and Apartment Vacancy Rates
Weekly Initial Unemployment Claims decrease to 1,314,000
The DOL reported:In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous… Weekly Initial Unemployment Claims decrease to 1,314,000
July 8 COVID-19 Test Results, Record Positive, Highest Percent Positive since Early May
The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience… July 8 COVID-19 Test Results, Record Positive, Highest Percent Positive since Early May
Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward
From the HAR: Houston Home Buyers Pump Up the Volume in JuneA flurry of homes going under contract in May after COVID-19-related stay-at-home orders expired… Houston Real Estate in June: Sales Up 18.3% YoY, Inventory Down 17.5% YoY, Concerns going forward
NMHC: Rent Payment Tracker Finds Decline in People Paying Rent in July
Without further disaster relief, there will a significant housing and financial issue.From the NMHC: NMHC Rent Payment Tracker Finds 77.4 Percent of Apartment Households Paid… NMHC: Rent Payment Tracker Finds Decline in People Paying Rent in July
Census: Household Pulse Survey shows 34.9% of Households Expect Loss in Income; 25.9% Concerned about Housing
Note: The details in the pulse survey this week are concerning – especially about loss in income and concern about housing.First, from @ernietedeschi The @uscensusbureau… Census: Household Pulse Survey shows 34.9% of Households Expect Loss in Income; 25.9% Concerned about Housing
U.S. Heavy Truck Sales down 42% Year-over-year in June
The following graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the June 2020 seasonally adjusted annual sales… U.S. Heavy Truck Sales down 42% Year-over-year in June
