by sslifer | Jan 17, 2020 | Housing, NumberNomics Notes
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...
by sslifer | Jan 16, 2020 | Housing, NumberNomics Notes
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...
by sslifer | Nov 26, 2019 | Housing, Interest Rates, NumberNomics Notes
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...
by sslifer | Oct 1, 2019 | Housing, NumberNomics Notes
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...
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