by sslifer | Nov 29, 2022 | Housing, NumberNomics Notes
November 29, 2022 The Case Shiller Index of Home Prices in 20 cities fell 1.2% in September after falling 1.3% in August and 0.8% in July. This is the third monthly decline in this series. After a long period of rising rapidly, prices have begun to fall and they...
by sslifer | Nov 23, 2022 | Housing, NumberNomics Notes
November 23, 2022 New home sales rose 7.5% in October to 632 thousand after having fallen 11.0% in September. Home sales have been jumpy the past several months. Having said that, the combined impact of a sharp rise in mortgage rates and rapid price appreciation has...
by sslifer | Nov 17, 2022 | Housing, NumberNomics Notes
November 17, 2022 Housing starts fell 4.2% in October to 1,425 thousand after declining 1.3% in September and having jumped 9.5% in August. While bouncing around from month-to-month, builders are clearly becoming more cautious. Builders confidence has declined for...
by sslifer | Nov 16, 2022 | Housing, NumberNomics Notes
November 16, 2022 Homebuilder confidence fell 5 points in November to 33 after having plunged by 8 points in October, 3 points in September, and 6 points in August. That is the eleventh consecutive decline in this series which peaked at 84 in December. This is the...
by sslifer | Nov 1, 2022 | Housing, NumberNomics Notes
November 1, 2022 . Construction spending (the green bars above) rose 0.2% in September after declining 0.6% in August. In the past 12 months it has risen 10.9%. As indicated below, spending on the construction of single-family housing has declined sharply, but...
by sslifer | Oct 30, 2022 | Housing, NumberNomics Notes
November 30, 2022 Pending home sales fell 4.6% in October to 77.1 after declining 8.72% in September to 79.5 after declining 1.9% in August. This is the eleventh decline in the past 12 months. Pending home sales are being impacted by the combination of both higher...
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