by sslifer | Jan 22, 2021 | Housing, NumberNomics Notes
January 22, 2021 Existing home sales rose 0.7% in December to 6,760 thousand after having declined by 2.2% in November. The 6,860 thousand pace in October was the fastest pace of sales since 2006. In the midst of a pandemic buyers are lining up to purchase homes as...
by sslifer | Jan 21, 2021 | Housing, NumberNomics Notes
January 21, 2021 Housing starts jumped 5.8% in December to 1,669 thousand after rising 3.1% in November and 6.5% in October. Like every other economic indicator, starts have rebounded sharply in the past eight months and have now surpassed the levels where they were...
by sslifer | Jan 20, 2021 | Housing, NumberNomics Notes
January 20, 2021 .Homebuilder confidence declined 3points in January to 83 after having fallen 4 points in December. But the last two months it has fallen slightly from a 35-year old record high level of 90 set in October. It was at 74 in February prior to the...
by sslifer | Jan 4, 2021 | Housing, NumberNomics Notes
January 4, 2021 . Construction spending (the green bars above) rose 0.9% in November after having risen 1.6% in October after having declined 0.2% in September. Thus, construction spending is recovering and is now above to its pre-recession pace. Private...
by sslifer | Dec 30, 2020 | Housing, NumberNomics Notes
December 30, 2020 Pending home sales fell 2.6% in November to 125.6 after falling 0.9% in October and 2.0% in September. Following the March/April recession, home sales have surged but have edged lower in the past three months. Lawrence Yun, the Chief Economist for...
by sslifer | Dec 29, 2020 | Housing, NumberNomics Notes
December 29, 2020 The Case Shiller Index of Home Prices in 20 cities rose 1.6% in October after having risen 1.4% in both August and September. Over the past year home prices have risen 7.8%. A broader index for the entire U.S. — which would include a large...
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