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5/28: MetroIntelligence Economic Update by P. DUFFY

April new home sales edge up 0.6 percent from March, but fell 6.2 percent year-on-year New home sales in April rose 0.6 percent from March, but fell 6.2 percent year-on-year.  The median sales price of these homes fell 8.5 percent year-on-year to $309,900, which was largely due to more homes selling under $300,000 at the expense of higher-priced homes over…

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5/21: MetroIntelligence Economic Update by P. DUFFY

April housing starts fall 30.2 percent from March and 29.7 percent year-on-year  Privately-owned housing starts in April were at a seasonally adjusted annual rate of 891,000. This is 30.2 percent below the revised March estimate of 1,276,000 and is 29.7 percent below the April 2019 rate of 1,267,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf   April building permits decline 20.8 percent from March and…

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