Existing Home Sales

January 22, 2021 Existing home sales rose 0.7% in December to 6,760 thousand after having declined by 2.2% in November.  The 6,860 thousand pace in October was the fastest pace of sales since 2006.  In the midst of a pandemic buyers are lining up to purchase homes as...

Housing Starts

January 21, 2021 Housing starts jumped 5.8% in December to 1,669 thousand after rising 3.1% in November and 6.5% in October.  Like every other economic indicator, starts have rebounded sharply in the past eight months and have now surpassed the levels where they were...

Homebuilder Confidence

January 20, 2021 .Homebuilder confidence declined 3points in January to 83 after having fallen 4 points in December.  But the last two months it has fallen slightly from a 35-year old record high level of 90 set in October.  It was at 74 in February prior to the...

Construction Spending

January 4, 2021 . Construction spending (the green bars above) rose  0.9% in November after having risen 1.6% in October after having declined 0.2% in September.  Thus, construction spending is recovering and is now above to its pre-recession pace. Private...

Pending Home Sales

December 30, 2020 Pending home sales fell 2.6% in November to 125.6 after falling 0.9% in October and  2.0% in September.  Following the March/April recession, home sales have surged but have edged lower in the past three months. Lawrence Yun, the Chief Economist for...

Case Shiller Index of Home Prices

December 29, 2020 The Case Shiller Index of Home Prices in 20 cities rose 1.6% in October after having risen 1.4% in both August and September.  Over the past year home prices have risen 7.8%. A broader index  for the entire U.S. — which would include a large...