by sslifer | Jul 24, 2024 | Housing, NumberNomics Notes
July 24, 2024 New home sales edged lower by 0.6% in June to 617 thousand after having plunged by 14.9% in May. New home sales had been stick in a range from 625-700 thousand for some time, but the pace of sales has fallen off markedly in the past two months to about...
by sslifer | Jul 23, 2024 | Housing, NumberNomics Notes
July 23, 2024 . Existing home sales plunged 5.4% in June to 3,890 thousand after having declined 0.7% in May. In fact, this is the fourth consecutive decline as the combination of near 7.0% mortgage rates, steadily rising prices, and a shortage of homes available for...
by sslifer | Jul 17, 2024 | Housing, NumberNomics Notes
July 17, 2024 Housing starts rose 3.0% in June to 1,353 thousand after declining 4.6% in May. While starts have been very volatile in recent months it is also clear that they have been slowing down. In addition, builder confidence has declined in recent months. ...
by sslifer | Jul 16, 2024 | Housing, NumberNomics Notes
July 16, 2024 Homebuilder confidence fell 1 point in July to 42 after declining 2 points in June to 45 and falling 6 points in May. .This series began to climb when mortgage rates declined late last year, but it has retreated as mortgage rates climbed in the first...
by sslifer | Jul 1, 2024 | Housing, NumberNomics Notes
July 1, 2024 Construction spending (the green bars above) declined 0.1% in May after rising 0.3% April and 0.1% in March. Construction spending climbed sharply for 16 consecutive months, but it has slowed considerably beginning in March of this year. In the past 12...
by sslifer | Jun 25, 2024 | Housing, NumberNomics Notes
June 25, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 1.4% in April after having risen 1.6% in March. The rate of increase in home prices has slowed from double-digit gains in 2021 and 2022 to 7.2% currently. Brian D. Luke, Head of...
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