Pending Home Sales

October 29, 2025 Pending home sales were unchanged in September at 74.8 after hving jumped 4.2% in August.  Pending home sales have been fairly steady for the past couple of years but should begin to climb in the months ahead. The National Association of Realtors...

Case Shiller Index of Home Prices

October 28, 2025 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.6% in August after  having fallen 0.3% in July.  Prices have risen 1.6% in the past year. The National Index which is a slightly broader measure of home price declined...

Existing Home Sales

October 23, 2025 . Existing home sales rose 1.5% in September to 4,060 thousand after having declined 0.2% in August  Our expectation is that a steady increase in jobs will boost income, mortgage rates will decline slowly in the months ahead, and prices should also...

Homebuilder Confidence

October 16, 2025 Homebuilder confidence climbed 5 points in October to 37 after having been unchanged in September..  This series fell early in the year as builders worried about the impact of tariffs on their industry.  It had been plodding along at basically the...

Housing Starts

Septenber 17, 2025 Housing starts plunged by 8.5% in August to 1,307 thousand after having risen 3.4% in July and 7.8% in June.  While starts have been exceptionally volatile in recent months but  have generally been between 1,300 and 1,400 thousand since January. ...

Construction Spending

September 2, 2025 Construction spending (the green bars above) fell 0.1% in July after declining 0.4% in June..  This indicator has fallen slowly for the past nine months..  In the past 12 months it has declined 2.8%. Private construction spending (excluding the...