by sslifer | Mar 1, 2024 | Housing, NumberNomics Notes
March 1, 2024 Construction spending (the green bars above) declined 0.3% in February after having fallen 0.2% in January. Construction spending climbed for 12 consecutive months before declining slightly in January and February In the past 12 months it has risen...
by sslifer | Jan 26, 2024 | Housing, NumberNomics Notes
January 26, 2024 Pending home sales jumped 8.3% in December to 77.3 after having fallen 0.3% in November. Current homeowners are reluctant to put their homes on the market which would mean trading in their current 3.0-3.5% mortgage rate for a 6.6% rate. As a result,...
by sslifer | May 17, 2023 | Housing, NumberNomics Notes
May 17, 2023 Home ownership rose 0.1% in the first quarter to 66.0 after having declined 0.1% in the fourth quarter. Homeownership had been rising gradually for several years before the pandemic hit. It jumped 2.6% in the second quarter of 2020 to 67.9, but has...
by sslifer | Feb 3, 2021 | Housing, Interest Rates, NumberNomics Notes
February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%. It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...
Follow Me