by sslifer | Jan 17, 2025 | Housing, NumberNomics Notes
January 17, 2025 Housing starts jumped 15.8% in December to 1,499 thousand after having declined 3,7% in November. The increase consisted of a 3.3% increase in single-family homes and a whopping 58.9% increase in the very volatile multi-family category. With big...
by sslifer | Jan 16, 2025 | Housing, NumberNomics Notes
January 16, 2025 This series rose 1 point in January to 47 after having been unchanged in December and having risen 3 points in November. The recent gains seem to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the...
by sslifer | Jan 2, 2025 | Housing, NumberNomics Notes
January 2, 2025 Construction spending (the green bars above) was unchanged in November after having risen 0.5% in October. Construction spending climbed sharply in the first four months of last year, but it has slowed...
by sslifer | Dec 31, 2024 | Housing, NumberNomics Notes
December 31, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.3% in October after having risen 0.2% in September after rising 0.3% in August. It has risen 4.3% in the past year. Brian Luke, Head of Commodities, Real &P Digital...
by sslifer | Dec 30, 2024 | Housing, NumberNomics Notes
December 30, 2024 Pending home sales rose 2.2% in November to 79.0 after gaining 1.8% in October, 7.5% in September, and 0.6% in August. This is the fourth consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said,...
by sslifer | Dec 23, 2024 | Housing, NumberNomics Notes
December 23, 2024 New home sales rebounded by 5.9% in November to 664 thousand after having plunged by 14.8% in October However, the October drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales in the...
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