Existing Home Sales Tick Up Slightly, but Remain Near 6-Month Lows
Two months ago, existing home sales reached the highest levels in a year according to the National Association of Realtors. Last month’s report showed a noticeable dip to 5‑month lows. The latest data, released June 23, is more subdued. Sales held near 6‑month lows in May, with a seasonally adjusted
Home Prices Fell More Than Expected in April
Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway when adjusting for seasonality. Specifically, if we ignore seasonality, prices rose. If we don't, they were down 0.4% from Ma
Housing Starts Slide in May, But Single-Family Holds Steady
The latest Residential Construction report from the Census Bureau showed a noticeable drop in overall housing starts in May, though single-family activity managed a small gain. Building permits also declined, continuing a trend of slight cooling in new construction momentum. As usual, the market foc
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