by sslifer | Jan 20, 2020 | Housing, NumberNomics Notes
January 22, 2020 Existing home sales jumped 3.6% in December to 5,540 thousand after having fallen 1.7% in November. Sales currently are 10.8% higher than where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sellers are positioned...
by sslifer | Jan 20, 2020 | Housing, NumberNomics Notes
January 20, 2020 Real estate loans rose at a 3.9% pace in December after having risen 5.5% in November (the light blue bars). Over the course of the past year mortgage lending has risen 4.0% (the dark blue line). Total loan growth in the past year has been slightly...
by sslifer | Jan 17, 2020 | Housing, NumberNomics Notes
January 17, 2020 Housing starts jumped 16.9% in December to 1,608 thousand after having risen 2.6% in November and 5.8% in October. Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts...
by sslifer | Jan 16, 2020 | Housing, NumberNomics Notes
January 16, 2020 Homebuilder confidence declined 1 point in January to 75 after having jumped 6 points in December. The December level was the highest reading since June 1999. After a long slide last year, the drop in mortgage rates has bolstered builder...
by sslifer | Dec 31, 2019 | Housing, NumberNomics Notes
December 31, 2019 Case Shiller Index of Home Prices in 20 cities rose 0.4% in October after having risen 0.3% in September. Five years ago home home prices were rising at a 10.5% rate. A year ago they were climbing at a 5.0% pace. But home prices continue to slow...
by sslifer | Dec 30, 2019 | Housing, NumberNomics Notes
December 30, 2019 .Pending home sales rose 1.2% in November to 108.5 after having fallen 1.3% in October. The upswing that began at the beginning of last year remains in place. In the past year pending home sales have 7.4%. Lawrence Yun, NAR chief economist noted...
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