Pending Home Sales

June 27 2022 Pending home sales rose 0.7% in May to 99.9 after having declined 4.9% in April and 1.6% in March.  Pending home sales are being impacted by the combination of both higher prices and rapidly rising mortgage rates.  However, sales are being constrained...

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Durable Goods Orders

June 27, 2022 Durable goods orders rose 0.7% in May after climbing 0.4% in April and 0.7% in March.  This is the seventh increase in orders in the past eight months.  In the past year durable goods orders have risen a steamy 10.6%. Frequently much of the change in...

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New Home Sales

June 24, 2022 New home sales jumped 10.7% in May to 696 thousand after having shrunk by 12.0% in April  The big increase in May on top of an upward revision to the April data paint a somewhat different picture of new home sales.  Rather than showing sales dropping...

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Initial Unemployment Claims

June 23, 2022 Initial unemployment claims fell 2 thousand in the week ending June 18 to 229 thousand after having declined 1 thousand  in the previous week. The level has edged upwards in the past couple of weeks which is consistent with some of the recently...

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Existing Home Sales

June 21, 2022 Existing home sales fell 3.4% in May to 5,410 thousand after declining 2.6% in April, 3.0% in March and 8.6% in February, after rising by 6.6% in January.  It appears that potential buyers rushed to buy in January before mortgage rates and home prices...

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Industrial Production

June 17, 2022 Industrial production rose 0.2% in May after having climbed 1.4% in April after rising 0.5% in March.  After four months of strong gains industrial production slowed its rate of ascent in May amidst the fears of what higher interest rates and rapidly...

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Housing Starts

June 16, 2022 Housing starts plunged 14.4% in May to 1,549 thousand after having risen 5.5% in April.  Clearly, builders are becoming more cautious. Builders confidence has declined in the past several months as rising home prices and rapidly rising mortgage rates...

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Homebuilder Confidence

June 15, 2022 Homebuilder confidence fell 2 points in June to 67 after having declined 8 points in May, 2 points in April, 2 points in March, 2 in February, and 1 point in January.  That is six consecutive declines in this series which peaked at 84 in December. ...

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