by sslifer | Sep 4, 2019 | Housing, NumberNomics Notes
September 4, 2019 Real estate loans rose at a 2.0% pace in July after having risen 1.7% in June (the light blue bars). Over the course of the past year mortgage lending has risen 3.2% (the dark blue line). While mortgage lending has been sluggish total loan growth...
by sslifer | Sep 1, 2019 | Housing, NumberNomics Notes
September 3, 2019 . Construction spending (the green bars above) rose 0.1% in July after having declined 0.7% in both May and June. Over the past year it has fallen 2.7%. Not only is this a very volatile series with large swings from month to month, even the...
by sslifer | Aug 29, 2019 | Housing, NumberNomics Notes
August 29, 2019 Pending home sales fell 2.5% in July to 105.6 after having jumped 2.8% in June to 108.3 after having risen 1.1% in May. In the past year pending home sales have declined 0.3%. Lawrence Yun, NAR chief economist noted that “Super-low mortgage rates...
by sslifer | Aug 27, 2019 | Housing, NumberNomics Notes
August 27, 2019 Case Shiller Index of Home Prices in 20 cities rose 0.3% in June after having risen 0.6% in May and 0.8% in April. Five years ago home home prices were rising at a 10.5% rate. A year ago they were climbing at a 6.0% pace. But home prices continue...
by sslifer | Aug 23, 2019 | Housing, NumberNomics Notes
August 23, 2019 Existing home sales climbed 2.5% in July to 5,420 thousand after having fallen 1.3% in June. Sales currently are 0.6% higher than where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sales are running at a...
by sslifer | Aug 23, 2019 | Housing, NumberNomics Notes
August 23, 2019 New home sales fell 12.8% in July to 635 thousand. However, there was a huge upward revision for June which now shows an increase of 20.9% in that month. New home sales are always volatile so we prefer to look at the 3-month average pace of new home...
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