Consumer Sentiment

October 11, 2019 The preliminary estimate of consumer sentiment for October rose by 2.8 points to 96.0 after having risen 3.4 points in September.  While volatile on a month-to-month basis consumer sentiment remains at a lofty level.  The peak for the cycle was 101.4...

Pending Home Sales

September 26, 2019 Pending home sales rose 1.6% in August to 107.3 after having fallen 2.5% in July, but having jumped 2.8% in June and 1.1% in May.   The upswing that began at the beginning of this year remains in place.  In the past year pending home sales have...

New Home Sales

September 25, 2019 New home sales climbed 7,1% in August to 713 thousand after having fallen 8.6% in July after having jumped 21.9% in June.  New home sales are always volatile so we prefer to look at the 3-month average pace of new home sales which is now 703...

Housing Starts

September 18, 2019 Housing starts jumped 12.3% in August to 1,364 thousand after having declined 1.5%in July and 2.5% in June.   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...