Housing Starts

April 16, 2024 Housing starts plunged by 14.7% in March to 1,321 thousand after having risen 12.7% in February after having dropped by 12.2% in January.   Clearly, starts have been very volatile in recent months as cold and snowy weather has affected the outcome in...

Homebuilder Confidence

April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December.  Thus, confidence has risen 17 points in the past five months as mortgage...

Mortgage Loans

April 4, 2024 Real estate loans have been growing steadily for a number of months.  Specifically, they rose at a 4.4% pace in February.  That means that they have risen 2.9% in the past year.  If home sales quicken this year, as expected, mortgage loans should also...

Case Shiller Index of Home Prices

March 26, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.1% in January after rising 0.3% in December.  The rate of increase in home prices has slowed from double-digit gains in 2021 and 2022 to 6.6% currently.  But the most recent...

New Home Sales

March 25, 2024 New home sales fell 0.3% in February to 662 thousand after rising 1.7% in January,   New home sales reached a low point in the middle of last year, but have risen somewhat since then.. Existing home sales are being constrained by a lack of inventory...

Existing Home Sales

March 21, 2024 . Existing home sales jumped 9.5% in February to 4,380 thousand after rising 3.1% in January  Sales had been falling for almost two years as the combination of sharply higher mortgage rates and higher home prices took their toll   But with the drop in...