MetroIntelligence Economic Update by P. DUFFY Pending home sales flat in April, down 20.3 percent year-on-year The Pending Home Sales Index (PHSI) remained at 78.9 in April, posting no change from the previous month. Year over year, pending transactions dropped by 20.3%. The Northeast PHSI dropped 11.3% from last month to 59.1, a decrease of 21.8% from April 2022. The Midwest index improved 3.6% to 78.4 in April, down 21.4% from one year ago. The South PHSI increased 0.1% to 99.6 in April, sinking 16.7% from the prior year. The…
Read MoreDay: May 25, 2023
Commodities Update: Lumber Prices and Oil Prices
Commodities Update: Lumber Prices and Oil Prices Oil and lumber prices are volatile and dependent on changes in supply and demand. When consumers have more discretionary spending and are interested in renovating their homes, lumber… Read More Nasdaq https://www.nasdaq.com/articles/commodities-update:-lumber-prices-and-oil-prices-june-2023
Read MoreLack of Resales Provides Boost to New Home Sales in April
Lack of Resales Provides Boost to New Home Sales in April Stabilizing mortgage rates and a lack of resale inventory provided a boost for new home sales in April, even as builders continue to wrestle with rising costs stemming from shortages of… Read More Eye On Housing https://eyeonhousing.org/2023/05/lack-of-resales-provides-boost-to-new-home-sales-in-april/
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