Housing Starts

January 17, 2020 Housing starts jumped 16.9% in December to 1,608 thousand after having risen 2.6% in November and 5.8% in October.   Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts...

Homebuilder Confidence

January 16, 2020 Homebuilder confidence declined 1 point in January to 75 after  having jumped 6 points in December.  The December level was the highest reading since June 1999.  After a long slide last year, the drop in mortgage rates has bolstered builder...

Mortgage Rate

November 26, 2019 Right after the election in November 2016 mortgage rates  jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts.  repatriation of corporate earnings currently...

Construction Spending

October 1, 2019 . Construction spending (the green bars above) rose 0.1% in August after having been unchanged in July.  Over the past year it has fallen 1.9%.  Not only is this a very volatile series with large swings from month to month, even the previously released...