Case Shiller Index of Home Prices

November 29, 2022 The Case Shiller Index of Home Prices in 20 cities fell 1.2% in September after falling 1.3% in August and 0.8%  in July.  This is the third monthly decline in this series.  After a long period of rising rapidly, prices have begun to fall and they...

New Home Sales

November 23, 2022 New home sales rose 7.5% in October to 632 thousand after having fallen 11.0% in September.  Home sales have been jumpy the past several months.  Having said that, the combined impact of a sharp rise in mortgage rates and rapid price appreciation has...

Housing Starts

November 17, 2022 Housing starts fell 4.2% in October to 1,425 thousand after declining 1.3% in September and having jumped 9.5% in August.  While bouncing around from month-to-month, builders are clearly becoming more cautious. Builders confidence has declined for...

Homebuilder Confidence

November 16, 2022 Homebuilder confidence fell 5 points in November to 33 after having plunged by 8 points in October, 3 points in September, and 6 points in August.  That is the eleventh consecutive decline in this series which peaked at 84 in December.  This is the...

Construction Spending

November 1, 2022 . Construction spending (the green bars above) rose 0.2% in September after declining 0.6% in August.   In the past 12 months it has risen 10.9%.  As indicated  below, spending on the construction of single-family housing has declined sharply, but...

Pending Home Sales

November 30, 2022 Pending home sales fell 4.6% in October to 77.1 after declining 8.72% in September to 79.5 after declining 1.9% in August.  This is the eleventh decline in the past 12 months.  Pending home sales are being impacted by the combination of both higher...