Existing Home Sales

by | Mar 20, 2025 | Housing, NumberNomics Notes

March 20, 2025 . Existing home sales rose 4.2% in February to 4,260 thousand after having fallen 4.7% in January.  After rising for three straight months sales declined in January.  Our expectation is that a steady increase in jobs will boost income, mortgage rates...

Industrial Production

by | Mar 18, 2025 | Industrial Production, NumberNomics Notes

March 18, 2025 Industrial production for February climbed 0.7% after having risen 0.3% in January and 1.1% in December.  the February increase was  attributable in large part to a dramatic 8.5% increase in automobile output. Breaking industrial production down into...

Housing Starts

by | Mar 18, 2025 | Housing, NumberNomics Notes

March; 18, 2025 Housing starts surged by 11.2% in February to 1,501 thousand after plunging 11.5% in January.  The January decline reflected the brutally cold, snowy weather that existed in that month and the wildfires that devasted much of the Los Angeles area.  The...

Homebuilder Confidence

by | Mar 17, 2025 | Housing, NumberNomics Notes

March 17, 2025 This series declined 3 points in March to 39 after having fallen 5 points in February and rising 1 point in January.  This is the  lowest reading for this index since December 2023  Builders are worried about the imposition of tariffs, still high...