by sslifer | Jun 1, 2026 | Housing, NumberNomics Notes
June 1, 2026 Construction spending (the green bars above) rose 0.4% in April after climbing 0.2% in March. In the past 12 months it has risen 0.9%. Private construction spending (excluding the government sector) rose 0.4% in April after gaining 0.2% in March. In the...
by sslifer | May 28, 2026 | Housing, NumberNomics Notes
May 28, 2026 New home sales fell 6.2% in April to 622 thousand after having risen 3.4% in March. In the past year new home sales have declined 11.3%. New home sales continue their slump. Mortgage rates are now 6.5%. If inflation slows gradually this year mortgage...
by sslifer | May 26, 2026 | Housing, NumberNomics Notes
May 26, 2026 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 1.0% in March. Prices have risen 0.8% in the past year. The National Index which is a slightly broader measure of home price declined 0.2% in March. The year-over-year increase...
by sslifer | Apr 21, 2026 | Housing, NumberNomics Notes
April 21, 2026 Pending home sales rose 1. 5% in March to 73.7 after gaining 2.5% in February. The National Association of Realtors chief economist, Lawrence Yun said, “Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand. ...
by sslifer | Apr 15, 2026 | Housing, NumberNomics Notes
April 15, 2026 Homebuilder confidence fell 4 points in April to 34 after having risen 1 point in March. Builders are still worried about the imposition of tariffs, high mortgage rates, and affordability. The breakeven point for this series is 50 so at 34 it is clear...
by sslifer | Apr 13, 2026 | Housing, NumberNomics Notes
April 13, 2026 . Existing home sales declined 3.6% in March to 3,980 thousand after rising 2.7% in February. While the decline in March seems troublesome just remember that existing home sales are reported at the time of closing which means that they reflect sales...
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