Case Shiller Index of Home Prices

October 27, 2020 The Case Shiller Index of Home Prices in 20 cities rose 1.2% in August after having rise 1.3% in July.  Over the past year home prices have risen 6.6%. A broader index  for the entire U.S. — which would include a large number of smaller cities...

New Home Sales

October 26, 2020 New home sales declined 3.5% in September to an annual rate pf 959 thousand after rising 3.0% in August, 14.7% in July and 14.7% in June.   After dramatic increases in each of the past four months sales took a breather in September but remained at the...

Existing Home Sales

October 22, 2020 Existing home sales jumped 9.4% in September to 6,540 thousand after having climbed 2.0% in August  after having surged by 24.7% in July and 20.2% in June.  The 6,000 thousand pace was the fastest pace of sales since 2006.  In the midst of a pandemic...

Housing Starts

October 20, 2020 Housing starts rose 1.9% in September to 1,415 thousand after having fallen 6.7% in August.  Like every other economic indicator, starts have rebounded sharply in the past five months and are now essentially  back to the levels where they were in...

Homebuilder Confidence

October 19, 2020 Homebuilder confidence climbed 2 points in October to 85 further surpassing the previous record high level that was set in September when it jumped 5 points to 83.  These are the first two months this index has ever surpassed the 80.0 level.  At its...

Construction Spending

October 1, 2020 . Construction spending (the green bars above) rose 1.4% in August after climbing 0.7% in July and 1.0% in June.  But those gains follow declines of 0.3% 3.4%, and 1.3% in the March, April, May period.  Thus, construction spending is recovering, but...