by sslifer | Aug 4, 2022 | Housing, NumberNomics Notes
August 4, 2022 Home ownership rose 0.4% in the second quarter to 65.8 after having declined 0.1% in the first quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
by sslifer | Aug 1, 2022 | Housing, NumberNomics Notes
August 1, 2022 . Construction spending (the green bars above) declined 1.1% in June after having risen 0.1% in May. In the past 12 months it has risen 8.3%. Private construction spending (excluding the government sector) rfell 1.3% in June after having risen 0.2% in...
by sslifer | Jul 27, 2022 | Housing, NumberNomics Notes
July 27 2022 Pending home sales fell 8,6% in June to 91.0 after having risen 0.4% in May. Pending home sales are being impacted by the combination of both higher prices and rapidly rising mortgage rates. However, keep in mind that sales are also being constrained...
by sslifer | Jul 26, 2022 | Housing, NumberNomics Notes
July 26, 2022 New home sales fell 8.1% in June to 590 thousand after having risen 6.3% in May. The combined impact of a sharp rise in mortgage rates and rapid price appreciation has triggered a sharp drop in the pace of new home sales. It appears that the jump in...
by sslifer | Jul 26, 2022 | Housing, NumberNomics Notes
July 26, 2022 The Case Shiller Index of Home Prices in 20 cities rose 1.3% in May after climbing 1.7% in April and 2.4% in March. Over the past year home prices have risen 20.5%. A broader index for the entire U.S. — which would include a large number of...
by sslifer | Jul 20, 2022 | Housing, NumberNomics Notes
June 21, 2022 Existing home sales fell 5.4% in June to 5,120 thousand after having declined 3.4% in May. In fact, this is the fifth consecutive decline in sales since reaching a peak in January. Clearly home sales are being impacted by the combination of still...
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