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...
by sslifer | Apr 30, 2025 | Housing, NumberNomics Notes
April 30, 2025 Pending home sales jumped 6.1% in March to 76.5 after having risen 2.1% in February. The National Association of Realtors chief economist, Lawrence Yun said, “Home buyers are acutely sensitive to even minor fluctuations in mortgage rates. While...
by sslifer | Apr 29, 2025 | Housing, NumberNomics Notes
April 29, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.4% in both January and February. Prices have risen 4.5% in the past year. The National Index which is a slightly broader measure of home price increases rose 0.3% in February...
by sslifer | Apr 24, 2025 | Housing, NumberNomics Notes
April 24, 2025 . Existing home sales fell 5.9% in March to 4,020 thousand after having risen 4.4% in February. Our expectation is that a steady increase in jobs will boost income, mortgage rates will edge lower in the months ahead, and prices should be about stable...
by sslifer | Apr 23, 2025 | Housing, NumberNomics Notes
April 23, 2025 New home sales jumped 7.4% in March to 724 thousand after having risen 3.1% in February. In the past year new home sales have risen 6.0%. New home sales can be volatile from month to month, but it seems clear that they are in a gradual uptrend....
by sslifer | Apr 17, 2025 | Housing, NumberNomics Notes
April 17, 2025 Housing starts plunged by 11.4% in March to 1,324 thousand after having risen 9.8% in February after falling 10.8% in January after jumping 16.9% in December. Clearly, starts have been exceptionally volatile in recent months, rising or falling by...
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