New home sales rose by nearly 12 percent in December, the highest level since last March, HUD and the Census Bureau reported Wednesday. Despite the improved numbers, however, sales were off from a year ago and 2021 sales fell by more than 7 percent from 2020.
Tag: Wells Fargo Economics
January Consumer Confidence Stalls
Winter is here: after three fairly optimistic previous reports, consumer confidence took a downward turn in January, the Conference Board, New York, reported on Tuesday.
Home Price Reports Show Slowing—But Not by Much
Monthly home price appreciation continues to slow, although at a rate providing scant relief to home buyers, according to two reports released Tuesday.
Leading Economic Indicators Rise 10th Straight Month
The Conference Board, New York, said its Leading Economic Index rose by 0.8 percent in December, the 10th straight monthly gain.
December Existing Home Sales Drop, But Annual Sales Reach 15-Year High
Existing home sales fell in December, the National Association of Realtors reported Thursday, snapping a streak of three straight monthly gains.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.
Consumer Prices Continue to Rise at ‘Menacing’ Pace
The Consumer Price Index finished 2021 with a bang, the Bureau of Labor Statistics reported on Wednesday. Although overall prices slowed somewhat in December from its brisk pace in November, they continued to show no relief on an annual basis.
December Employment Up 199,000; Unemployment Rate Falls Below 4%
Total nonfarm employment rose by just 199,000 jobs in December, well below consensus expectations, as employers continued to have trouble filling open positions, the Bureau of Labor Statistics reported Friday.
Residential Construction Sees November Gains
Construction spending rose in November, the Census Bureau reported Monday, boosted by an uptick on the residential side.
Existing Home Sales Up 3rd Straight Month
Existing home sales appear to be heating up again as the year ends, the National Association of Realtors reported Wednesday.