by sslifer | Apr 16, 2024 | Housing, NumberNomics Notes
April 16, 2024 Housing starts plunged by 14.7% in March to 1,321 thousand after having risen 12.7% in February after having dropped by 12.2% in January. Clearly, starts have been very volatile in recent months as cold and snowy weather has affected the outcome in...
by sslifer | Apr 15, 2024 | Housing, NumberNomics Notes
April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December. Thus, confidence has risen 17 points in the past five months as mortgage...
by sslifer | Mar 28, 2024 | Consumer, NumberNomics Notes
March 28, 2024 The .final estimate of consumer sentiment for March rose 2.5 points to 79.4 compared to the preliminary estimate which showed a decline of 0.5 point. Surveys of Consumers Director Joanne Hsu said, “.Critically, consumers exhibited confidence that...
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 | 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,...
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