by sslifer | Mar 27, 2025 | Housing, NumberNomics Notes
March 27, 2025 Pending home sales rose 2.0% in February to 72.0 after having fallen 4.6% in January. The National Association of Realtors chief economist, Lawrence Yun said, “”Despite the modest monthly increase, contract signings remain well below historical...
by sslifer | Mar 25, 2025 | Housing, NumberNomics Notes
March 25, 2025 New home sales rose 1.8% in February to 676 thousand after having fallen 6.9% in January. In the past year new home sales have risen 5.1%. New home sales can be volatile from month to month, but it seems clear that they appear to be in a gradual...
by sslifer | Mar 25, 2025 | Housing, NumberNomics Notes
March 25, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.5% in both December and January. Prices have `risen 4.7% in the past year. The National Index which is a slightly broader measure of home price increases rose 0.6% in January...
by sslifer | Mar 20, 2025 | Housing, NumberNomics Notes
March 20, 2025 . Existing home sales rose 4.2% in February to 4,260 thousand after having fallen 4.7% in January. After rising for three straight months sales declined in January. Our expectation is that a steady increase in jobs will boost income, mortgage rates...
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...
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