by sslifer | Jun 1, 2023 | Housing, NumberNomics Notes
June 1, 2023 Construction spending (the green bars above) rose 1.2% in April after climbing 0.3% in March and jumping 2.4% in March. In the past 12 months it has risen 7.2%. As indicated below, spending on the construction of single-family housing has declined...
by sslifer | May 30, 2023 | Housing, NumberNomics Notes
May 30, 2023 The Case Shiller Index of Home Prices in 20 cities rose 1.5% in March after rising 0.3% in February. These are the first two increases in this series since June of last year. After a long period of rising rapidly, prices began to fall late last year but...
by sslifer | May 23, 2023 | Housing, NumberNomics Notes
May 23, 2023 New home sales rose 4.1% in April to 683 thousand after rising 4.0% in March. The combined impact of a sharp rise in mortgage rates and rapid price appreciation triggered the sharp drop in home sales throughout 2022. However with mortgage rates having...
by sslifer | May 18, 2023 | Housing, NumberNomics Notes
May 18, 2023 . Existing home sales fell 3.4% in April to 4,280 thousand aftering declining 2.6% in March. Home sales have begun to turn upwards after having declined for twelve consecutive months. Lawrence Yun, NAR chief economist said that, “Home sales are...
by sslifer | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Home ownership rose 0.1% in the first quarter to 66.0 after having declined 0.1% in the fourth quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
by sslifer | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Real estate loans rose at a 1.7% annual rate in April after climbing at a 3.7% pace in March and 8.9% in February. The year over year growwth rate is 10.1%. Thus, real estate loans had been growing at a solid double-digit pace through February, but they...
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