by sslifer | Dec 1, 2023 | Housing, NumberNomics Notes
December 1, 2023 Construction spending (the green bars above) rose 0.6% in October after climbing 0.2% in September and 2.1% in August This is the tenth consecutive increase in construction spending. In the past 12 months it has risen 10.7%. As indicated below,...
by sslifer | Nov 27, 2023 | Housing, NumberNomics Notes
November 27, 2023 New home sales fell 5.6% in October to 679 thousand after having jumped 8.6% in September. While obviously volatile on a month-to-month basis, new home sales reached a low point in the middle of last year, but have risen somewhat since then despite...
by sslifer | Nov 21, 2023 | Housing, NumberNomics Notes
November 21, 2023 . Existing home sales declined 4.1% in October to 3,790 thousand after declining 2.2% in September. In fact, this is the fifth straight month that sales have fallen. Existing home sales are clearly being hit by the combination of sharply higher...
by sslifer | Nov 17, 2023 | Housing, NumberNomics Notes
November 17, 2023 Housing starts rose 1.9% in October to 1,372 thousand after climbing 3.1% in September. Given that building permits in October were 1,487 thousand starts should be somewhere around that same level. Hence, in the months ahead we expect starts to...
by sslifer | Nov 16, 2023 | Housing, NumberNomics Notes
November 16, 2023 Homebuilder confidence declined 6 points in November to 34 after falling 4 points in October, 6 points in September and 6 points in August. That is a drop of 22 points in the past four months. This series hit bottom in December 2022 at 31. Rising...
by sslifer | Oct 31, 2023 | Housing, NumberNomics Notes
November 28, 2023 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.7% in September after climbing 0.8% in August and 0.7% in July. After a long period of rising rapidly, prices began to fall late last year, but after declining for seven...
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