Pending Home Sales

May 28, 2020 Pending home sales plunged 21.8% in April to 69 after having fallen 20.8% in March as dramatic measures to halt the spread of the corona virus  shut down the U.S. economy. Lawrence Yun, the Chief Economist for the National Association of Realtors said...

New Home Sales

May 26, 2020 New home sales surprisingly rose 0.6% in May to 623 thousand after having fallen 13.4% in March to 619 thousand.   The April increase was in sharp contrast to an expected decline in the pace of sales to about the 500 thousand mark.  It is not quite clear...

Case Shiller Index of Home Prices

May 26, 2020 The Case Shiller Index of Home Prices in 20 cities rose 0.5% in both February and March.  Over the past year home prices have risen 3.9%. A broader index  for the entire U.S. — which would include a large number of smaller cities — is rising...

Existing Home Sales

May 21, 2020 Existing home sales fell 17.8% in April to 4,330 thousand after having declined 8.5% in March  It is likely that home sales will continue to decline in May. Lawrence Yun, NAR chief economist said that “The economic lock-downs – occurring from mid-March...

Housing Starts

May 19, 2020 Housing starts .plunged 30.2% in April to 891 thousand after having fallen 18.6% in March,   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 (which is the series shown...