Construction Spending

April 1, 2020 . Construction spending (the green bars above) fell 1.3% in February after a substantial 2.8% increase in January.  Over the past year it has climbed 6.0%.  Not only is this a very volatile series with large swings from month to month, even the...

Case Shiller Index of Home Prices

March 31, 2020 The Case Shiller Index of Home Prices in 20 cities rose 0.3% in January after having climbed 0.4% in December.  Over the past year home prices have risen 3.1%. A broader index  for the entire U.S. — which would include a large number of smaller...

Pending Home Sales

March 30, 2020 .Pending home sales climbed 2.4% in February to 111.5 after having jumped 5.3% in January.     In the past year pending home sales have risen 9.4%. Lawrence Yun, the Chief Economist for the National Association of Realtors said that “February’s pending...

New Home Sales

March 24, 2020 New home sales fell 4.4$ in February to 765 thousand but the decline is from an upward-revised pace of sales in January of 800 thousand which was the fastest pace of sales since May 2007.  New home sales are always volatile so we prefer to look at the...

Existing Home Sales

March 20, 2020 Existing home sales jumped 6.5% in February to 5,770 thousand after having declined 2.0% in January.  Sales currently are 7.2% higher than where they were at this time last year and are at their fastest pace since February 2007. Lawrence Yun, NAR chief...

Housing Starts

March 18, 2020 Housing starts fell 1.5% in February to 1,599 thousand after having risen 1.4% in January,   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 (which is the series shown...