9/21: MetroIntelligence Econ Update,P.DUFFY

August existing home sales steady after four months of decline Existing-home sales remained steady in August at 5.34 million units per year after four straight months of decline.  Sales were still down 1.5 percent year-on-year. Read More Realtor.com   August Leading Economic Index rose to highest level in over 12 years The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.4 percent in August to 111.2 (2016 = 100), following a 0.7 percent increase in July, and a 0.5 percent increase in June. The leading economic index is…

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9/20: MetroIntelligence Econ Update, P.DUFFY

August housing starts rebound 9.2 percent from July and 9.4 percent year-on-year Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,282,000. This is 9.2 percent above the revised July estimate of 1,174,000 and is 9.4 percent above the August 2017 rate of 1,172,000. READ MORE   August building permits dip 5.7 percent from July, down 5.5 percent year-on-year Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,229,000. This is 5.7 percent below the revised July rate…

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Builder Confidence Remains Firm in September

Builder confidence in the market for newly-built single-family homes remained unchanged at a solid 67 reading in September on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Read More Builder and Developer Magazine

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