by sslifer | Aug 16, 2019 | Housing, NumberNomics Notes
August 16, 2019 Housing starts fell 4.0% in July to 1,191 thousand after having declined 1.8% in June and 0.5% in May. 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 is the...
by sslifer | Aug 15, 2019 | Housing, NumberNomics Notes
August 15, 2019 .Homebuilder confidence rose 1 point in August to 66 after having risen 1 point in July. A level of 66 is indicative of a solid level of confidence going forward although, admittedly, it is below readings of 70-75 at this time last year. NAHB...
by sslifer | Aug 1, 2019 | Housing, NumberNomics Notes
August 1, 2019 . Construction spending (the green bars above) declined 1.3% in June after having fallen 0.5% in May after having risen in each of the previous five months. Over the past year it has fallen 2.1%. Not only is this a very volatile series with large...
by sslifer | Jul 30, 2019 | Housing, NumberNomics Notes
Pending home sales jumped 2.8% in June to 108.3 after having risen 1.1% in May. In the past year pending home sales have risen 1.6% which in the first 12-month increase in this index sincd December 2017. Lawrence Yun, NAR chief economist noted that “Job growth is...
by sslifer | Jul 30, 2019 | Housing, NumberNomics Notes
Case Shiller Index of Home Prices in 20 cities rose 0.1% in May after having been unchanged n April and having climbed 0.3% in March. Five years ago home home prices were rising at a 10.5% rate. A year ago they were still climbing at a 6.5% pace. But home prices...
by sslifer | Jul 24, 2019 | Housing, NumberNomics Notes
July 24, 2019 New home sales jumped 7.0% in June to 646 thousand after having fallen 8.2% in May. New home sales are always volatile so we prefer to look at the 3-month average pace of new home sales which is now 636 thousand. Over the past year new home sales have...
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