by sslifer | Apr 1, 2021 | Housing, NumberNomics Notes
April 1, 2021 . Construction spending (the green bars above) declined 0.8% in February after having risen 1.2% in January and 2.1% in December. The dip in February undoubtedly reflects the series of snow and ice storms that paralyzed much of the Midwest and Northeast...
by sslifer | Mar 31, 2021 | Housing, NumberNomics Notes
March 31, 2021 Pending home sales declined 10.6% in February to 11.0 after having declined 2.4% in January. Following the March/April recession, home sales have surged but hit a speed bump in February as a series of snow and ice storms paralyzed much of the Midwest...
by sslifer | Mar 30, 2021 | Housing, NumberNomics Notes
March 30, 2021 The Case Shiller Index of Home Prices in 20 cities rose 1.2% in January after having risen 1.6%, 1.5%, and 1.3% in the November to January period. Over the past year home prices have risen 11.2%. But in the past three months prices have climbed at a...
by sslifer | Mar 23, 2021 | Housing, NumberNomics Notes
March 23, 2021 New home sales plunged 18.2% in February to 775 thousand after having risen 3.2%% in January. But the February outcome is almost certainly attributable to the series of snow and ice storms that paralyzed much of the Midwest and the Northeast in that...
by sslifer | Mar 22, 2021 | Housing, NumberNomics Notes
March 22, 2021 Existing home sales fell 6.6% in February to 6,220 thousand after having risen 0.2% in January. However, the February reading was almost certainly caused by the series of snow and ice storms that paralyzed economic activity in a large part of the...
by sslifer | Mar 17, 2021 | Housing, NumberNomics Notes
March 17, 2021 Housing starts fell 10.3% in February to 1,421 thousand after declining 6.1% in January. However, the declines in starts in January and particularly February should be discounted for two reasons. First, the weather was atrocious in February as a...
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