Housing Starts

May 18, 2022 Housing starts  fell 0.2% in april to 1,724 thousand after declining 2.8% in March after climbing by 6.7% in February. Starts have far surpassed the levels where they were in February of 2020 — prior to the recession.  Starts would be at an even...

Homebuilder Confidence

May 17, 2022 Homebuilder confidence fell 8 points in May to 69 after declining 2 points in April, 2 points in March and 0.1 point in January.  Despite the consecutive declines, the index remains at a fairly lofty level.  Keep in mind that any number over 50 indicates...

Construction Spending

May 1, 2022 . Construction spending (the green bars above) rose 0.1% in March after having climbed 0.5% in February and having jumped 3.0% in January.  Indeed, that is the 13th consecutive increase in this series.  In the past 12 months it has risen 11.7%. Private...

Pending Home Sales

April 27, 2022 Pending home sales declined 1.2% in March to 103.7 after having declined 4.0% in February, 5.8% in January, 2.3% in December and 2.9% in November.  Pending home sales are being impacted by the combination of both higher prices and rapidly rising...

New Home Sales

April 26, 2022 New home sales fell 8.6% in March to 763 thousand but the January and February data were revised substantially higher.  As a result, the level of home sales in March was about as expected.  Nonetheless March represents the third consecutive drop in...

Case Shiller Index of Home Prices

April 26, 2022 The Case Shiller Index of Home Prices in 20 cities rose 2.4% in February after having climbed by 1.7% in December and 1.5% in November.  Over the past year home prices have risen 20.2%. A broader index  for the entire U.S. — which would include a...