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What they write about
US real estate data and analysis, published around the housing release calendar. Recurring subjects include existing-home sales and inventory, mortgage purchase applications, delinquencies and foreclosures, asking rents, house price indices, and the government-sponsored mortgage enterprises.
- housing
- real estate data
- home sales
- mortgages
- rents
- house prices
Recent examples: Case-Shiller: National House Price Index Up 1.9% year-over-year in July · Lawler: Update on the GSEs: Mortgage Investment Portfolios Down Again, Agency MBS Holdings Little Changed in August; Interest Rate Risk Measures Mixed
Written from CalculatedRisk Newsletter’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Most-mentioned tickers
Symbols named in the headline of a post from the last 30 days, most-covered first. The number is how many of those posts mentioned it.
Read from 1 post headline in the last 30 days. A newsletter that names a company only in the body of a post will not appear here, and a mention is not a recommendation — it only means the symbol came up.
Growth history
Subscribers (thousands, nightly)
40K on Sep 10, 2026 → 40K on Sep 30, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #66 today · #63 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 13%
- Best rank seen
- #59
- Rank, 7 days
- −3 places
- Followers added
- +592
- Posts
- 20
- Reactions per post
- 30
- Reactions tracked
- 785
- Tickers covered
- 1
of 525 ranked finance newsletters
on Sep 25, 2026
since tracking began
last 30 days
average, recent posts
across 26 posts
in tracked posts
Most-reacted post we have seen: NAR: Existing-Home Sales Decreased to 3.98 million SAAR in August — 51 reactions on Sep 10, 2026.
Recent posts
- Case-Shiller: National House Price Index Up 1.9% year-over-year in July
S&P/Case-Shiller released the monthly Home Price Indices for July ("July" is a 3-month average of May, June and July closing prices). May closing prices include some contracts signed in March, so there is a significant lag to this data. Case-Shiller House Prices From S&P S&P Cotality Case-Shiller Index Reports Annual Gain in July 2026 The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.9% annual gain for July 2026 , up from a 1.6% rise in the previous month. U.S. home values fell in real terms for the 14th consecutive month, as July’s 3.4% inflation ran roughly 1.5…
- Lawler: Update on the GSEs: Mortgage Investment Portfolios Down Again, Agency MBS Holdings Little Changed in August; Interest Rate Risk Measures Mixed
From housing economist Tom Lawler: Fannie Mae and Freddie Mac recently released their monthly volume summaries for August, and these reports showed that their combined mortgage investment portfolios (MIPs) fell slightly last month, which their combined holdings of Agency MBS increased slightly. In the first four months of this year the GSEs’ combined MIPs increased by $45.0 billion and their combined holdings of Agency MBS rose by $50.5 billion, but in the last four months their combined MIPs and Agency MBS holdings have declined by $5.6 billion and $11.6 billion, respectively. The $39.0…
- Fannie and Freddie: Single Family Delinquency Rates Increased Slightly in August
In general, single family delinquency rates are low but slowly increasing. Multi-family delinquency rates are high. Freddie Mac reported that the Single-Family serious delinquency rate in August was 0.60%, up from 0.59% in July. Freddie's rate is up year-over-year from 0.56% in August 2025. This is at the pre-pandemic level of 0.60%. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic. Fannie Mae reported that the Single-Family serious delinquency rate in August 0.60%, up from 0.59% in July…
- New Home Sales Increase to 684,000 Annual Rate in August
The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 684 thousand. The previous three months were revised up, combined. This was well above the consensus forecast of 615 thousand SAAR. Sales of new single-family houses in August 2026 were at a seasonally-adjusted annual rate of 684,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.4 percent above the July 2026 rate of 643,000, and is 2.0 percent below the August 2025 rate of 698,000. emphasis added The…
- High Frequency Data: Purchase Applications Weak, Single Family Inventory Increases
Here are two pieces of weekly data that I follow. MBA: Mortgage Applications Remain Weak From the Mortgage Bankers Association: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 18, 2026. Last week’s results included an adjustment for the Labor Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.5 percent on a seasonally adjusted basis from…
- “Architecture firm billings continued to decline in August”
Architecture Billings Index in Contraction for 46 of Last 47 Months This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment including multi-family residential. From the AIA: Architecture firm billings continued to decline in August The AIA/Deltek Architecture Billings Index ® (ABI) score for the month was 47.2. While slightly fewer firms reported a decline in billings in August than in July, the majority of firms continued to see weak business conditions. In addition, inquiries into new projects showed only modest growth this month, while the value of newly…
- Lawler: Update on MBS Yields and Spreads
From housing economist Tom Lawler: Current-coupon MBS (CCMBS) yields increased again last week, reaching their highest levels since the end of April 2024. CCMBS/Treasury spreads were little changed on the week but remained above the historically narrow range experienced over the previous several months. In a perhaps related note, on late Friday Bill Pulte, the Trump lackey who is Director of the Federal Housing Finance Agency – and who in a recent interview said that new home prices were down 20-30% from Biden’s term –, apparently posted on X that ““we” (the GSEs) are beginning to buy even…
- Part 2: Current State of the Housing Market; Overview for mid-September 2026
On Friday, in Part 1: Current State of the Housing Market; Overview for mid-September 2026 I reviewed home inventory and sales. In Part 2, I will look at house prices, mortgage rates, rents and more. House Prices Here is an interesting graph from Realtor.com on median list house prices. According to Realtor.com, list prices peaked in 2022 (when interest rates moved sharply higher) and have moved mostly sideways for four years. These are median prices and can be distorted by the mix, but median list prices have been down year-over-year for ten consecutive months. Also, June median prices are…
- Part 1: Current State of the Housing Market; Overview for mid-September 2026
This 2-part overview for mid-September provides a snapshot of the current housing market. Part 1 will review inventory and sales, and Part 2 will review house prices, rents, mortgage rates, and more. The key story for existing homes are: Sales in August were down 1.2% YoY and historically low. Sales SAAR (seasonally adjusted annual rate) have been very low for 4 years. Months-of-supply increased sharply and is at the highest level in over a decade. Inventory growth might have picked up again year-over-year. The median price is up 1.6% YoY, but has peaked for the year. There are also…
- Housing Starts Decreased to 1.275 million Annual Rate in August
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,275,000 . This is 2.6 percent below the revised July estimate of 1,309,000 and is 1.2 percent below the August 2025 rate of 1,291,000. Single-family housing starts in August were at a rate of 918,000; this is 7.6 percent above the revised July figure of 853,000. The August rate for units in buildings with five units or more was 344,000. Building Permits: Privately-owned housing units authorized by building permits in August were at a…
- High Frequency Data: Purchase Applications Weak
Here are two pieces of weekly data that I follow and the NAHB report released this morning. MBA: Mortgage Applications Remain Weak From the Mortgage Bankers Association: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 11, 2026. This week’s results include an adjustment for the Labor Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1…
- Lawler: Update on MBS Yields and Spreads
From housing economist Tom Lawler: Update on MBS Yields and Spreads Current-coupon MBS (CCMBS) yields increased sharply over the past two weeks along with Treasury yields. The initial catalyst for the latest bond market selloff was Fed Chairman Warsh’s hawkish speech at Jackson Hole last Friday, and the selloff continued in response to another spike in oil prices and a just slightly “hotter” than expected PPI report. The “Bessent buyback” announcement was sneered at by “the market.” At yesterday’s close the current-coupon MBS yield was 6.01%, up 39 bp from last Thursday and the highest level…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: CalculatedRisk Newsletter. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Sep 30, 2026.