Pending Home Sales

July 29, 2020 Pending home sales climbed by an additional 16.6% in June to 116.1 after having jumped by a record 44.3% in May, but after having plunged 21.8% in April and  20.8% in March as dramatic measures to halt the spread of the corona virus  shut down the U.S....

Case Shiller Index of Home Prices

July 28, 2020 The Case Shiller Index of Home Prices in 20 cities rose 0.4% in May after having risen 0.8% in April and 1.1% in March.  Over the past year home prices have risen 3.7%. A broader index  for the entire U.S. — which would include a large number of...

New Home Sales

July 24, 2020 New home sales climbed 13.8% in June to a 776 thousand pace after having jumped 19.4% in May.   Like virtually every economic indicator — payroll employment and retail sales in particular — home sales have come roaring back and are currently...

Existing Home Sales

July 22, 2020 Existing home sales surged by 20.7% in June after having fallen 9.7% in May,  17.8% in April, and 8.5% in March  They should continue to climb in July. Lawrence Yun, NAR chief economist said that “The sales recovery is strong, as buyers were eager to...

Housing Starts

July 17, 2020 Housing starts climbed by 17.3% in June to 1,186 thousand after climbing by 8.2% in May.  But starts plunged 26.4% in April and having fallen 19.0% in March,  Like every other economic indicator, starts have rebounded sharply in the past two months but,...

Homebuilder Confidence

July 16, 2020 Homebuilder confidence climbed 14 points in July to 72 after having jumped 21 points in June and 7 points in May, after having plunged by 42 points in April which was the biggest single-month decline in the history of this series. At its current level of...