Case Shiller Index of Home Prices

August 31, 2021 The Case Shiller Index of Home Prices in 20 cities jumped 1.8% in June after having risen 1.8% in May..  Over the past year home prices have risen 19.1%. A broader index  for the entire U.S. — which would include a large number of smaller cities...

Pending Home Sales

August 30, 2021 Pending home sales fell 1.8% in July to 110.7 after having declined 2.0% in June.  Pending 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...

New Home Sales

August 24, 2021 New home sales rose 1.0% in July to 708 thousand after declining in each of the  previous three months.  After hitting a peak of almost 1 million homes in January, home sales have declined steadily to their current level of 708 thousand.  This drop in...

Existing Home Sales

August 23, 2021 Existing home sales rose 2.0% in June to 5,990 thousand after climbing1.6% in June.   Much of the four consecutive declines from February through May were almost certainly caused by the  the lack of supply which is currently at a near record low level...

Housing Starts

August 18, 2021 Housing starts fell 7.0% in July to a,534 thousand after increasing 3.5% in June and 5.3% in May.   Like every other economic indicator, starts have rebounded sharply since the recession ended last April and have far surpassed the levels where they...

Homebuilder Confidence

August 17, 2021 .Homebuilder confidence fell 5 points in August to 75 after having declined 1 point in July and 2 points in June.  The last several months the index has fallen from a 35-year old record high level of 90 set in November of last year.  It was at 74 in...