by sslifer | Sep 3, 2024 | Housing, NumberNomics Notes
September 3, 2024 Construction spending (the green bars above) declined 0.3% in July after having been unchanged in June. Construction spending climbed sharply in the first four months of this year, but it has slowed...
by sslifer | Aug 29, 2024 | Housing, NumberNomics Notes
August 29, 2024 Pending home sales fell 5.5% in July to 70.2 after having risen 4.8% in June. The National Association of Realtors chief economist, Lawrence Yun said, “A sales recovery did not occur in midsummer, The positive impact of job growth and higher...
by sslifer | Aug 27, 2024 | Housing, NumberNomics Notes
August 27, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.4% in June after climbing 0.4% in May. It has risen 6.4% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “The S&P CoreLogic...
by sslifer | Aug 23, 2024 | Housing, NumberNomics Notes
August 23, 2024 New home sales surged by 10.6% in July after having risen 0.3% in June New home sales can be volatile from month to month. Hence, we cannot be sure that the big jump in July was simply statistical noise. But mortgage rates fell sharply in that...
by sslifer | Aug 22, 2024 | Housing, NumberNomics Notes
August 22, 2024 . Existing home sales rose 1.3% in July to 3,950 thousand after having plunged 5.1% in June. In fact, this is first increase in home sales since February. Sales fell in March, April, May, and June. However, in the past several months mortgage rates...
by sslifer | Aug 16, 2024 | Housing, NumberNomics Notes
August 16, 2024 Housing starts plunged 6.8% in July to 1,238 thousand after having risen 1.1% in June. That was a surprisingly large decline, but it was concentrated in the South which accounted for the entire decline. That undoubtedly reflects the negative impact...
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