Existing home sales fell for the third straight month, the National Association of Realtors reported Thursday, to their lowest level since June 2020.
Tag: Wells Fargo Economics
Multifamily Nearly—But Not Quite—Saves April Housing Starts
April housing starts fell by just 0.2 percent from March—no thanks to single-family starts, which fell by more than 7 percent—HUD and the Census Bureau reported Wednesday.
April Inflation Cools Slightly
Inflation fell in April, relatively speaking, the Bureau of Labor Statistics reported Wednesday.
1st Quarter GDP Falls 1.4%
U.S. gross domestic product fell for the first time in two years, the Bureau of Economic Analysis reported Thursday, although analysts did not seem overly concerned.
March New Home Sales Stumble
New home sales took a tumble in March, HUD and the Census Bureau reported Tuesday, hamstrung by the usual suspects: rising interest rates; inadequate inventories and rapidly increasing home prices.
April Consumer Confidence Ticks Down
The Conference Board, New York, reported its Consumer Confidence Index decreased slightly in April, following an increase in March.
Initial Claims Hold Near 52-Year Lows; Leading Economic Indicators Improve
Initial claims for unemployment insurance hovered near historic lows last week, the Labor Department reported Thursday. In a separate report, the Conference Board, New York, reported its Leading Economic Index rose in March, the second consecutive monthly improvement.
Housing Market Roundup Apr. 21, 2022
Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
March Existing Home Sales Drop Nearly 3%
Existing home sales fell for the second straight month in March, the National Association of Realtors reported Wednesday, as buying conditions worsened from inadequate housing supply, elevated home prices and rising mortgage interest rates.
Multifamily Gives Positive Edge to March Housing Starts
Housing starts improved slightly in March, thanks to a bump in multifamily starts, HUD and the Census Bureau reported Tuesday.