by sslifer | Dec 19, 2024 | Housing, NumberNomics Notes
December 19, 2024 . Existing home sales rose 4.8% in November to 4,150 thousand after increasing 3.4% in October That is the fastest pace of home sales since March. The steady increase in jobs is boosting income, mortgage rates should fall somewhat in the months...
by sslifer | Dec 18, 2024 | Housing, NumberNomics Notes
December 18, 2024 Housing starts declined 1.8% in November to 1,289 thousand which was a surprisingly weak performance after falling 3.2% in October and 1.7% in September. The decline consisted of a 6.4% increase in single-family homes which was more than offset by a...
by sslifer | Dec 17, 2024 | Housing, NumberNomics Notes
December 17, 2024 This series was unchanged in December at 46 after having risen 3 points in November and 2 points in both September and October. The recent gains seem to reflect hope that the Trump administration will cut a lot of the red tape that has been...
by sslifer | Nov 27, 2024 | Housing, NumberNomics Notes
November 27, 2024 Pending home sales rose 2.0% in October to 77.4 after jumping 7.5% in September and 0.6% in August. This is the third consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said, “Homebuying...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 New home sales plunged by 17.3% in October to 610 thousand after having risen 7.0% in September. However, the drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales will rebound over the...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.3% in September after falling 0.3% in August. It has risen 4.6% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “Home price growth...
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