by sslifer | Feb 25, 2025 | Consumer, NumberNomics Notes
February 25, 2025 . The Conference Board reported that consumer confidence fell 7.0 points in February to 98.3,after declining 4.3 points in January and 3.2 points in December. After hitting a peak in November confidence has plunged as consumers worry about the...
by sslifer | Feb 25, 2025 | Housing, NumberNomics Notes
February 25, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities fell 0.1% in December after having declined 0.1% in November. This is the fifth consecutive month that home prices have declined. Prices have `risen 4.5% in the past year but...
by sslifer | Feb 21, 2025 | Commentary for the Week, NumberNomics Notes
February 21, 2024 The housing market has been in a slump for the past two years as opposing forces tug in opposite directions. First time homebuyers are struggling with the combination of higher home prices and higher mortgage rates. The possibility of home ownership...
by sslifer | Feb 21, 2025 | Housing, NumberNomics Notes
February 21, 2025 . Existing home sales fell 4.9% in January to 4,080 thousand after rising 2.9% in December After rising for three straight months sales declined in January. Our expectation is that a steady increase in jobs will boost income, mortgage rates should...
by sslifer | Feb 19, 2025 | Housing, NumberNomics Notes
February 19, 2025 Housing starts plunged by 9.8% in January to 1,366 thousand after having jumped 16.1% in December. While a dramatic decline it was not unexpected given the brutally cold, snowy weather that existed in that month and the wildfires that devasted much...
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