Economic Updates Archive

Latest Existing Home Sales Data Release

NAR recently released a summary of existing home sales data showing that existing home sales continued to improve in June, reaching an annual pace of 5 million for the first time this year. June marks the third consecutive month...

Case-Shiller Home Price Index

Last week NAR released median home price information that showed gains of 4.5 percent in June 2014 home prices compared to June 2013. This gain was slightly higher than the 4.1 percent seen in May and notably slower than...

New Home Sales in June

New home sales slid in June. The decline is not a reflection of slower housing demand, but more related to homebuilders putting up fewer homes. Whatever builders build, they are able to find buyers reasonably quick. But the homebuilding...

Unemployment Insurance Claims Fall to Lowest Levels since 2006

Initial claims for unemployment insurance filed under the regular state programs during the week ending July 19 fell 284,000—the lowest level since 2006[1]. The 4-week moving average also dipped to its lowest level since 2007[2] to 302,000 claims. Initial...

Latest Consumer Price Inflation

Inflation is slowly and steadily picking up. Rents in particular are rising at a 4 percent annualized rate. The sluggishness in new home construction assures that rent and the broader consumer price inflation will likely be on an upward...