December 13, 2022
U.S. new homes sales rose +7.5% m/m in October, but were down -5.8% from a year ago.
Existing home sales fell -5.9% m/m in October, down -28.4% from a year ago.
The media sales price of new homes rose +8.2% m/m in October, up +15.4% from a year ago.
The Case-Shiller U.S. National Home Price Index appears to have peaked in June. It fell -0.8% m/m in September, but was still up +10.7% from a year ago.
The NAHB/Wells Fargo Housing Market Index continued falling in December, down another -2 points to 31 (sharply down from 84 a year ago).
U.S. new single-family housing starts fell -0.5% m/m in November down -16.4% from a year ago.
New single-family residential construction permits fell -10.6% m/m in November, down -21.9% from a year ago.
U.S. private residential construction spending peaked in May. It fell -0.3% m/m in October, but is still up +8.6% from a year ago. However, this is not adjusted for inflation.