Tue.Jun 20, 2023

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Housing Starts Increased Sharply to 1.631 million Annual Rate in May

Calculated Risk

From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000 and is 5.7 percent above the May 2022 rate of 1,543,000. Single‐family housing starts in May were at a rate of 997,000; this is 18.5 percent above the revised April figure of 841,000.

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Size, Value and Profitability Factors Can Improve Retirement Outcomes

Wealth Management

But pursuing these premiums is not a free lunch.

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MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.49% in May"

Calculated Risk

From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.49% in May The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.51% of servicers’ portfolio volume in the prior month to 0.49% as of May 31, 2023. According to MBA’s estimate, 245,000 homeowners are in forbearance plans.

Portfolio 246
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Integrated Partners Creates Insurance Business

Wealth Management

Integrated is launching the new insurance business largely due to recent changes in tax and estate planning regulations. Peter Kaplan, a former First American Insurance Underwriters vice president, will lead it.

Insurance 276
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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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May Housing Starts: Record Number of Multi-Family Housing Units Under Construction

Calculated Risk

Today, in the CalculatedRisk Real Estate Newsletter: May Housing Starts: Record Number of Multi-Family Housing Units Under Construction Excerpt: The fourth graph shows housing starts under construction, Seasonally Adjusted (SA). Red is single family units. Currently there are 695 thousand single family units (red) under construction (SA). This was down in May compared to April, and 136 thousand below the recent peak in May 2022.

Numbers 246
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Adjusted for Risk: Miramar Capital's Max Wasserman Opens up About The Fed

Wealth Management

Miramar Capital Founder Max Wasserman discusses what the recent Fed actions and comments mean for investors.

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More Trending

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WMRE's Common Area: Current Themes Within the Real Estate Market With Mike Acton

Wealth Management

AEW Capital Management's Michael Acton describes what he sees happening within the current real estate market and how investors could benefit.

Marketing 264
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Stocks Are in for a Rude Awakening

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Rude Awakening – “If second half growth doesn’t re-accelerate as expected, investors are in for a rude awakening” ►Everything is Up – “Check yourself.

Investing 169
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The Future of 401(k) Plans

Wealth Management

Our future selves is the biggest obstacle to more engagement in 401(k) plans.

Planning 264
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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Lennar, Shake Shack, Health Care & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Real Estate Alts Sponsor Adds Licensed Broker/Dealer

Wealth Management

Ballast Rock Group’s Simon O’Shea shares insights on the launch of the firm's new SEC registered broker/dealer and why it felt the move was necessary.

License 264
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The Evolution of Financial Advice

A Wealth of Common Sense

To be a successful investor you need to possess a number of different traits. You need to understand how math, statistics and probabilities work. You need to understand corporations and the global economy generally function over the long haul. You need an understanding of how the different asset classes behave from a risk and reward perspective. You also need a deep understanding of financial market history from booms to.

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Advisors: Capitalize on Emerging Opportunities in a Rapidly Shifting Market

Wealth Management

Unlock the power of alternative assets with SDIRAs.

Assets 264
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Wednesday: Fed Chair Powell Semiannual Monetary Policy Report to Congress

Calculated Risk

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 10:00 AM, Testimony, Fed Chair Jerome Powell , Semiannual Monetary Policy Report to Congress , Before the U.S. House Financial Services Committee • During the day, The AIA's Architecture Billings Index for May (a leading indicator for commercial real estate).

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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The Zero Friction Approach

Wealth Management

Four tips to help minimize taxes in a portfolio.

Taxes 264
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Research links: why size doesn’t matter

Abnormal Returns

Backtests Why backtests go wrong in the real world. (mrzepczynski.blogspot.com) Behold the worst backtest ever. (philbak.substack.com) Factors Wes Gray, "Bottom line: if you are investing in long-only factor portfolios, focus on research that studies long-only factor portfolios, not long-short factors." (alphaarchitect.com) Factor models are not the future of active investing.

Valuation 100
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New Investment Outsourcing Firm Ategenos Sells Minority Stake to Envestnet

Wealth Management

Fresh off its SEC registration approval, Ategenos, launched by former Brinker Capital executives in May, has also gone live with its new discretionary investment management portfolios.

Investing 261
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: Google eyes India to manufacture Pixel: report

MarketWatch

Alphabet Inc.’s GOOGLGOOG Google has started discussions with Indian suppliers about assembling its Pixel phones to extend its manufacturing beyond China, according to a Bloomberg report on Tuesday. Google has talked with Lava International, Dixon Technologies India and Foxconn Technology Group’s Indian unit Bharat FIH, the report said, citing people with knowledge of the matter.

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

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12 Midweek Must Reads for Real Estate Investors (June 21, 2023)

Wealth Management

The office sector continues to suffer as companies struggle to bring more workers back in on a more permanent basis. Bell Partners has raised a $1.3 billion new fund with a value-add strategy aimed at U.S. apartment buildings, reported Bloomberg. These are among today’s must reads from around the commercial real estate industry.

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Economic uncertainty has those closest to retirement delaying their plans

Nationwide Financial

After decades of saving and planning, many pre-retirees (non-retired investors aged 55-65) are reconsidering their retirement plans in response to rising inflation, high interest rates, and an uncertain economic environment. Our Advisor Authority survey , powered by the Nationwide Retirement Institute®, revealed that one in four pre-retirees said they plan to retire later than anticipated, while another 15% are unsure if they will be able to retire at all.

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The Stock Market Has Momentum - Maybe Too Much

Wealth Management

Technical indicators such as the Relative Strength Index often exert outsized influence over investors at times when caution is warranted.

Marketing 235
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8 reasons to immediately follow up on leads and referrals

Million Dollar Round Table (MDRT)

By Bryce Sanders It has always been difficult finding new clients. With cold calling, for example, how many calls does it take to reach a live person? Once you get someone on the phone, how many do you need to reach before someone will listen and have a conversation? How long does it take before they agree to meet? Now think about leads and referrals.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Bull Market ‘FOMO’ Finally Sends Stock ETF Haul Past Bond Funds

Wealth Management

After a tepid start to 2023, nearly $102 billion has flowed into equity exchange-traded funds so far this year, compared to $93 billion for fixed-income ETFs.

Marketing 219
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Animal Spirits: Why Are Houses So Expensive?

The Irrelevant Investor

Today’s Animal Spirits is brought to you by J.P. Morgan: See here for more information on JEPQ, J.P. Morgan’s Nasdaq Equity Premium Income ETF. On today’s show, we discuss: Boomers Got Hooked on Stocks. Now They Can’t Let Go. Global inequality at lowest level in nearly 150 years Instant Pot’s Slower Sales Tip Gadget Maker Into Bankruptcy Why Are Houses So Expensive?

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These Are World’s Most Expensive Cities for High-Class Living

Wealth Management

Julius Baer’s Lifestyle Index ranks the world’s 25 most expensive cities by analyzing residential property, cars, business class flights, business school, degustation dinners and other luxuries.

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: Intel stock drops as foundry capacity buildout plans have one analyst predicting a company split

MarketWatch

Intel Corp. INTC shares underperformed peers Tuesday following announced plans of a capacity buildout ahead of a presentation to investors Wednesday. Intel shares dropped 4% in recent activity compared with a 1% decline of the PHLX Semiconductor Index SOX and a 0.6% decline on the S&P 500 index SPX. In a note Tuesday, UBS analyst Timothy Arcuri said he expects Intel to provide an update on its product roadmap, and customer adoption of its foundry services business, or IFS.

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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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Don’t Focus on the Number of Prospects You Bring In

Advisor Perspectives

If you’re losing five, six, or even seven out of every 10 prospect each month, that’s a lot of value slipping away.

Numbers 72
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: Rivian announces agreement to access Tesla’s EV charging network, following similar moves by Ford and GM

MarketWatch

Shares of Rivian Automotive Inc. RIVN rallied 2.8% in premarket trading Tuesday, after the electric vehicle maker announced an agreement that will allow drivers of Rivian EVs access to Tesla Inc.’s TSLA Supercharger network. Tesla’s stock gained 0.5% toward a nine-month high ahead of the open, Rivian said an adapter will be available to allow Rivian EVs to charge on Tesla’s charging network as early as the spring of 2024, and will incorporate Tesla’s North American Charging Standard (NACS) charg

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Margin Debt Up 1.9% in May

Advisor Perspectives

FINRA has released new data for margin debt, now available through May. The latest debt level is at 644.17 billion, up 1.9% month-over-month (MoM) and down 14.5% year-over-year (YoY). However after adjusting for inflation, debt level is up 1.7% MoM and down 17.8% YoY.

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: Hunter Biden to plead guilty after deal with prosecutors: reports

MarketWatch

Hunter Biden, son of President Joe Biden, has made a tentative deal with federal prosecutors to plead guilty to two misdemeanor tax charges and admit to the facts of a gun charge, according to multiple published reports. The plea deal is expected to include terms that likely would allow him to avoid jail time. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.