Existing Home Sales

January 22, 2020 Existing home sales jumped 3.6% in December to 5,540 thousand after having fallen 1.7% in November.  Sales currently are 10.8% higher than where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sellers are positioned...

Mortgage Loans

January 20, 2020 Real estate loans rose at a 3.9% pace in December after  having risen 5.5% in November (the light blue bars).   Over the course of the past year mortgage lending has risen 4.0% (the dark blue line). Total loan growth in the past year has been slightly...

Housing Starts

January 17, 2020 Housing starts jumped 16.9% in December to 1,608 thousand after having risen 2.6% in November and 5.8% in October.   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...

Homebuilder Confidence

January 16, 2020 Homebuilder confidence declined 1 point in January to 75 after  having jumped 6 points in December.  The December level was the highest reading since June 1999.  After a long slide last year, the drop in mortgage rates has bolstered builder...

Case Shiller Index of Home Prices

December 31, 2019 Case Shiller Index of Home Prices in 20 cities rose 0.4% in October after having risen 0.3% in September.   Five years ago home home prices were rising at a 10.5% rate.  A year ago they were climbing at a 5.0% pace.  But home prices continue to slow...

Pending Home Sales

December 30, 2019 .Pending home sales rose 1.2% in November to 108.5 after having fallen 1.3% in October.   The upswing that began at the beginning of last year remains in place.  In the past year pending home sales have 7.4%. Lawrence Yun, NAR chief economist noted...