by sslifer | May 27, 2025 | Housing, NumberNomics Notes
May 27, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.1% in March after having risen 0.4% in February. Prices have risen 4.1% in the past year. The National Index which is a slightly broader measure of home price increases...
by sslifer | May 23, 2025 | Housing, NumberNomics Notes
May 23, 2025 New home sales jumped 10.9% in April to 743 thousand after having risen 2.6% in March. In the past year new home sales have risen 3.3%. New home sales can be volatile from month to month, but it seems clear that they are in a gradual uptrend. Mortgage...
by sslifer | May 22, 2025 | Housing, NumberNomics Notes
May 22, 2025 . Existing home sales fell 0.5% in April to 4,000 thousand after having declined 5.9% in March.. Our expectation is that a steady increase in jobs will boost income, mortgage rates will be fairly steady in the months ahead, and prices should also be...
by sslifer | May 16, 2025 | Housing, NumberNomics Notes
May 16, 2025 Housing starts rose 1.6% in April to 1,361 thousand after having plunged by 10.1% in March. Clearly, starts have been exceptionally volatile in recent months, rising or falling by double-digit amounts almost every month. This reflects weather conditions...
by sslifer | May 15, 2025 | Housing, NumberNomics Notes
May 15, 2025 Homebuilder confidence dropped 6 points in May to 34 after having risen 1 point in April. Builders are worried about the imposition of tariffs, still high mortgage rates, and the cost of materials. Keep in mind that the breakeven point for this series...
by sslifer | May 1, 2025 | Housing, NumberNomics Notes
May 1, 2025 Construction spending (the green bars above) fell 0.5% in March after rising 0.6% in February. This indicator has been essentially flat since the end of last year.. In the past 12 months it has risen 2.8%. Private construction spending (excluding the...
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