Construction Spending

June 1, 2021 . Construction spending (the green bars above) rose 0.2% in April after rising 1.0% in March  This series has been rising steadily since the recession ended in April of last year and is now well above to its pre-recession pace.  Indeed. it is now 5.8%...

Pending Home Sales

May 27, 2021 .Pending home sales fell 4.4% to 106.2 in April after rising 1.7% in March. Home sales have hit a speed bump in the past couple of months, not because of any reduced demand stemming caused by higher prices, but because of a lack of supply for realtors to...

New Home Sales

May 25, 2021 New home sales fell 5.9% in April to 863 thousand after rising 7.4% in March, declining 14.0% in February.  plunged 18.2% in February.  The February drop and March rebound are attributable to a series of snowstorms that closed down much of the country in...

Case Shiller Index of Home Prices

May 25, 2021 The Case Shiller Index of Home Prices in 20 cities rose  2.2% in March after rising 1.3% in February.  .  Over the past year home prices have risen 13.3%. A broader index  for the entire U.S. — which would include a large number of smaller cities...

Existing Home Sales

May 21, 2021 Existing home sales fell 2.7% in April to 5,850 thousand after declining 3.7% in March and 6.3% in February. However, the three consecutive declines were almost certainly caused by the  the lack of supply which is currently at 2.4 months which is near a...

Housing Starts

May 18, 2021 Housing starts fell by 9.5% to 1,569 thousand after having surged by 19.8% in March after having declined 11.9% in February.  A large portion of the February decline and March rebound is attributable to the weather which was so bad in February as a series...