Author Archive

Housing Starts in March

Housing starts rose by 3 percent in March.  More single-family homes are being constructed while multifamily units contracted modestly. The latest pace of 946,000 units on an annualized basis, however, is still well short of what is needed to...

Latest Consumer Price Inflation

Inflation ticked higher in March, with the consumer price index increasing by 1.5 percent from one year ago. The current inflation is not troublesome – yet. The Fed keeps a closer watch not on the broadest measure of inflation...

Construction Costs and Commodities Price Trends

The cost to build homes has been rising much faster than the broader consumer price index.  In February the construction cost to build homes rose 7.8 percent from one year ago.  Cumulatively over the past 2 years, the cost...

Job Additions, State by State

North Dakota has been dethroned, knocked from the top as the best job creating state in the latest state level jobs data. Nevada moved to the top with a 3.8 percent job addition rate over the past 12 months...

REALTORS® Confidence in Current Conditions versus Future Outlook

The market assessment of current conditions and expectations for the future have been falling from the summer of last year.  Generally, the two metrics move roughly together, albeit with the outlook views usually getting a tad higher mark. The...