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Housing market comeback heats up

New home sales in October were the best since 2007, based on Commerce Department data, and building permits rose the most in 12 years… Read More Fox Business https://www.foxbusiness.com/markets/housing-market-comeback-picking-up-steam

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11/29: MetroIntelligence Economic Update by P. DUFFY

October pending home sales dip 1.7 percent from September but up 4.4 percent year-on-year The Pending Home Sales Index (PHSI) fell 1.7% to 106.7 in October. Year-over-year contract signings jumped 4.4%. https://www.nar.realtor/newsroom/pending-home-sales-decline-1-7-in-october   October personal income flat as personal spending rose 0.3 percent In October, personal income was mostly flat, disposable personal income fell -0.1 percent and personal consumption…

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11/28: MetroIntelligence Economic Update by P. DUFFY

October new home sales jump 31.6 percent year-on-year to pace last seen over 12 years ago Sales of new single‐family houses in October 2019 were at a seasonally adjusted annual rate of 733,000, down 0.7 percent from September but up a huge 31.6 percent year-on-year.  Sales in October and September were the highest in more than 12 years. https://www.census.gov/construction/nrs/pdf/newressales.pdf…

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