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The key reports this week are March New and Existing Home Sales. For manufacturing, the April Kansas City manufacturing survey will be released. - Monday, Apr 19th - - Tuesday, Apr 20th - - Wednesday, Apr 21st - mortgage purchase applications index. During the day: The AIA s Architecture Billings Index for March (a leading indicator for commercial real estate). - Thursday, Apr 22nd - 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a increase to 625 thousand from 576 thousand last week. 8:30 AM ET: 10:00 AM: Existing Home Sales for March from the National Association of Realtors (NAR). The consensus is for 6.17 million SAAR, down from 6.22 million. ....
Coronavirus Economic Weekly News 18April 2021 News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article. ....
4/16/2021 12:31:00 PM Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance. This data is as of April 13th. The country saw a modest decrease in the number of active forbearance plans this week, falling by just 1,000 but still marking the seventh consecutive week of improvement. This mid-month lull in improvement was expected – they’ve become commonplace during the recovery, with the strongest rates of improvement seen early and late in the month as mortgages are reviewed for extension/removal from forbearance. With 380,000 loans still slated for these reviews by the end of this month, we could still see additional forbearance improvement in late April/early May. ....