Construction Spending

May 1, 2024 Construction spending (the green bars above) declined 0.2% in March after having been unchanged in February.   Construction spending climbed for 12 consecutive months before declining slightly in the first three months of this year.  In the past 12 months...

Case Shiller Index of Home Prices

April 30, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.6% in February after declining 0.1% in January.  The rate of increase in home prices has slowed from double-digit gains in 2021 and 2022 to 6.4% currently.  But the most...

Pending Home Sales

April 25, 2024 Pending home sales rose 3.4% in March to 78.2 after rising 1.6% in February. The National Association of Realtors chief economist, Lawrence Yun said, “March’s Pending Home Sales Index – at 78.2 – marks the best performance in a year, but it...

New Home Sales

April 23, 2024 New home sales jumped 8.8% in March to 693 thousand after having fallen 5.1% in February,   New home sales reached a low point in the middle of last year, but have risen somewhat since then.. Existing home sales are being constrained by a lack of...

Existing Home Sales

April 18, 2024 . Existing home sales declined 4.3% in March to 4,190 thousand after having jumped 9.5% in February  Sales had been falling for almost two years as the combination of sharply higher mortgage rates and higher home prices took their toll   But with the...

Housing Starts

April 16, 2024 Housing starts plunged by 14.7% in March to 1,321 thousand after having risen 12.7% in February after having dropped by 12.2% in January.   Clearly, starts have been very volatile in recent months as cold and snowy weather has affected the outcome in...