by sslifer | 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...
by sslifer | 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...
by sslifer | Mar 3, 2025 | Housing, NumberNomics Notes
March 3, 2025 Construction spending (the green bars above) fell 0.2% in January after having risen 0.5% in December and 0.4% in November. After rising in each of the past three months, construction spending took a breather in January. But given the snowy, icy, and...
by sslifer | Feb 27, 2025 | Housing, NumberNomics Notes
February 27, 2025 Pending home sales fell 4.6% in January to 70.6 after having declined 4.1% in December. The National Association of Realtors chief economist, Lawrence Yun said, “It is unclear if the coldest January in 25 years contributed to fewer buyers in the...
by sslifer | Feb 26, 2025 | Housing, NumberNomics Notes
February 26, 2025 New home sales fell 10.5% in January to 657 thousand after having climbed by 8.1% in December. The January drop was almost exclusively in the South and clearly the reflected the snow, ice, and extreme cold weather that persisted for most of that...
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...
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