Pending Home Sales

October 29, 2019 .Pending home sales rose 1.5% in September to 108.7 after having risen 1.4% in August.   The upswing that began at the beginning of this year remains in place.  In the past year pending home sales have 3.9%. Lawrence Yun, NAR chief economist noted...

Case Shiller Index of Home Prices

October 29, 2019 Case Shiller Index of Home Prices in 20 cities fell 0.2% in August after having been unchanged in July.   Five years ago home home prices were rising at a 10.5% rate.  A year ago they were climbing at a 6.0% pace.  But home prices continue to slow and...

New Home Sales

October 24, 2019 New home sales declined 0.7% in September to 701 thousand after having climbed 6.2% in August.  New home sales are always volatile so we prefer to look at the 3-month average pace of new home sales which is now 691 thousand.  Over the past year new...

Existing Home Sales

October 22, 2019 Existing home sales fell 2.6% in September to 5,380 thousand after having risen 1.5% in August and 2.5% in July..  Sales currently are 3,9% higher than where they were at this time last year. Lawrence Yun, NAR chief economist said that “Despite...

Housing Starts

October 17, 2019 Housing starts fell 9.4% in September to 1,256 thousand.  But that follows an outsized 15.1% increase in August.   Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which...

Homebuilder Confidence

October 16, 2019 .Homebuilder confidence jumped 3 points in October after  having risen 1 point in September.  This series reached a cycle high of 74 back in December 2017.  After a long slide last year, the drop in mortgage rates has bolstered builder confidence.....