by sslifer | Sep 21, 2022 | Housing, NumberNomics Notes
September 21, 2022 Existing home sales fell 0.4% in August to 4,800 thousand after declining 5.7% in July. In fact, this is the seventh consecutive decline in sales since reaching a peak in January. Clearly home sales are being impacted by the combination of rapidly...
by sslifer | Sep 20, 2022 | Housing, NumberNomics Notes
September 20, 2022 Housing starts jumped 12.2% in August to 1,575 thousand after having fallen 10.9% in July. While bouncing around from month-to-month, builders are clearly becoming more cautious. Builders confidence has declined in the past several months as rising...
by sslifer | Aug 30, 2022 | Housing, NumberNomics Notes
August 30, 2022 The Case Shiller Index of Home Prices in 20 cities rose 0.4% in June after climbing 1.2% in May, 1.7% in April and 2.4% in March. Clearly price appreciation is slowing down. Over the past year home prices have risen 18.7%. A broader index for the...
by sslifer | Aug 24, 2022 | Housing, NumberNomics Notes
August 24, 2022 Pending home sales fell 1.0% in July to 89.8 after having declined 8.9% in June. Pending home sales are being impacted by the combination of both higher prices and rapidly rising mortgage rates. Lawrence Yun, NAR’s Chief Economist said,...
by sslifer | Aug 23, 2022 | Housing, NumberNomics Notes
August 23, 2022 New home sales fell 12.6% in July to 511 thousand after declining 7.1% in June. In fact, this is the fourth big decline in the past five months. The combined impact of a sharp rise in mortgage rates and rapid price appreciation has triggered a sharp...
by sslifer | Aug 15, 2022 | Housing, NumberNomics Notes
August 15, 2022 Homebuilder confidence fell 6 points in August to 49 after having plunged 12 points in July and 2 points in June. That is the eighth consecutive decline in this series which peaked at 84 in December. This is the lowest reading since May 2020. ...
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