September 21, 2023 | Daily JAM |
In its interest rate policy decisions, the Federal Reserve is trying to figure out how much of past interest rate increases have already worked their way through the economy and how much of a slowdown is still to come. Today’s housing number from the National Association of Realtors doesn’t answer that question, but the data certainly suggests that the slowdown is still slowing down. The number of previously owned homes sold in the United States dropped by 21% percent over the past year
June 30, 2014 | Daily JAM, Morning Briefing |
Pending home sales, the number of contracts to purchase previously owned U.S. homes, jumped in May. The pending home sales indexed climbed 6.1% in May, according to the National Association of Realtors. That’s the biggest jump since April 2010. It follows on an anemic 0.5% increase in April that raised fears that the U.S. housing sector had stalled.
December 18, 2012 | Daily JAM, Stock Alerts |
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May 17, 2011 | Daily JAM, Morning Briefing |
Housing starts in April came in at a 523,000 annual rate. That’s 11% below the annualized rate for March and considerably short of the 569,000 rate forecast by economists.
