by sslifer | Mar 26, 2024 | Housing, NumberNomics Notes
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...
by sslifer | Mar 26, 2024 | Industrial Production, NumberNomics Notes
March 26, 2034 Durable goods orders rose 1.4% in January after having plunged 6.8% in December. The sizeable change in orders in December was attributable to a dramatic drop in civilian aircraft orders. This category is very volatile on a month-to-month basis. In...
by sslifer | Mar 25, 2024 | Housing, NumberNomics Notes
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...
by sslifer | Mar 22, 2024 | Commentary for the Week, NumberNomics Notes
March 22, 2024 The Federal Reserve has indicated that it is likely to cut the fed funds rate three times in 2024 which would reduce the funds rate from its current level of 5.5% to 4.75% by yearend. But those three rate reductions are the tip of the iceberg. The...
by sslifer | Mar 21, 2024 | Housing, NumberNomics Notes
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...
by sslifer | Mar 20, 2024 | Housing, NumberNomics Notes
March 20, 2024 Housing starts rose 10.7% in February to 1,521 thousand after having plunged by 12.3% % in January. Cold and wintery weather caused the sharp drop in January. A return to more normal weather conditions in February pushed starts sharply higher. We...
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