Monthly Archives: April 2016

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Sales of new single-family houses in March 2016 were 511,000 at a seasonally adjusted annual rate (SAAR), down 1.5 percent from February’s revised rate but up 5.4 percent from March 2016

Lotsa Labor While the economy may not be sparkling, labor market hiring is excellent! Last week first-time unemployment claims fell to 253,000, the lowest reading since 1973 and the 58th week in a row that initial jobless claims have been … Continue reading →

Building permits in March 2016 were at a seasonally adjusted annual rate (SAAR) of 1,086,000, down 7.7 percent from the revised February rate, but up 4.6 percent from March 2015. Housing starts in March 2016 were at a SAAR of … Continue reading →

Diminished Domiciles While inventory of homes is low, commonly used measures such as months of inventory or number of units for sale, severely underestimate the shortage. The number of units for sale divided by the number of households has been … Continue reading →