by sslifer | Nov 27, 2024 | Housing, NumberNomics Notes
November 27, 2024 Pending home sales rose 2.0% in October to 77.4 after jumping 7.5% in September and 0.6% in August. This is the third consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said, “Homebuying...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 New home sales plunged by 17.3% in October to 610 thousand after having risen 7.0% in September. However, the drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales will rebound over the...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities declined 0.3% in September after falling 0.3% in August. It has risen 4.6% in the past year. Brian Luke, Head of Commodities, Real &P Digital Assets said, “Home price growth...
by sslifer | Nov 21, 2024 | Housing, NumberNomics Notes
November 21, 2024 . Existing home sales rose 3.4% in October to 3,960 thousand after having declined 1.3% in September. The steady increase in jobs is boosting income, mortgage rates should fall somewhat in the months ahead, and prices should be about stable. As a...
by sslifer | Nov 19, 2024 | Housing, NumberNomics Notes
November 19, 2024 Housing starts declined 3.1% in October to 1,311 thousand after falling 1.9% in September. The combo of Hurricanes Helene and Milton may have reduced the September and October construction data somewhat as starts in the South fell by a total of...
by sslifer | Nov 18, 2024 | Housing, NumberNomics Notes
November 18, 2024 This series rose 3 points in November to 46 after gaining 2 points in both September and October. The November gain seems to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the housing industry. Keep...
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