by sslifer | Feb 19, 2025 | Housing, NumberNomics Notes
February 19, 2025 Housing starts plunged by 9.8% in January to 1,366 thousand after having jumped 16.1% in December. While a dramatic decline it was not unexpected given the brutally cold, snowy weather that existed in that month and the wildfires that devasted much...
by sslifer | Feb 18, 2025 | Housing, NumberNomics Notes
February 18, 2025 This series fell 5 points in February to 42 after rising 1 point in January. This is the lowest reading for this index since September. Builders are worried about the imposition of tariffs, still high mortgage rates, and the cost of materials. ...
by sslifer | Feb 3, 2025 | Housing, NumberNomics Notes
February 3, 2025 Construction spending (the green bars above) rose 0.5% in December after having risen 0.2% in November and 1.6% in October. After being essentially unchanged through most of last year, construction spending...
by sslifer | Jan 28, 2025 | Housing, NumberNomics Notes
January 28, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities fell 0.1% in November after having declined 0.2% in October. It has risen 4.3% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “With the...
by sslifer | Jan 24, 2025 | Housing, NumberNomics Notes
January 24, 2025 . Existing home sales rose 2.2% in December to 4,240 thousand after climbing 4.8% in November and 3.4% in October That is the fastest pace of home sales since February of last year. The steady increase in jobs is boosting income, mortgage rates...
by sslifer | Jan 23, 2025 | Housing, NumberNomics Notes
January 27, 2025 New home sales climbed by 3.6% in December to 698 thousand after having jumped 9.6% in November after having plunged by 15.3% in October The October drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton...
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