Home Prices

Housing Less Affordable.

Redbook Chain Store Sales (week ended 10/22/2016) – Store Sales year/year +0.3%. Previous was +1.0%   FHFA House Price Index (August 2016) – month/month change +0.7%. Previous was +0.5% – year/year change +6.4%. Previous was +5.9%   S&P Corelogic Case-Shiller HPI (August 2016) – 20-city, seasonally adjusted month/month +0.2%. Previous was +0.0% – 20-city, not

How to Make Housing More Affordable.

  Living in the San Francisco Bay Area since 1968 I now feel that I am an expert on how to make housing unaffordable. The following is based on a piece written by Randy O’Toole of the Cato Institute. The entire piece is at http://object.cato.org/sites/cato.org/files/pubs/pdf/pa802.pdf O’Toole refers to the problem as “Growth-Management Laws” but I

Jobless Claims Remain low but…

Initial Jobless Claims (week ended 9/17/2016) – New Claims seasonally adjusted 252,000. Previous was 260,000 – New Claims unadjusted, totaled 205,751 an increase of 12,460 from previous – 4-week Moving Average seasonally adjusted 258,500. Previous was 260,750. Initial Claims has remained near record lows but people getting laid off is not the largest part of the

National Home Price Increases slow.

Redbook Chain Store Sales (week ended 8/27/2016) – Store Sales year/year +0.6%. Previous was +0.2%   S&P Case-Shiller Home Price Index (June 2016) – 20-city seasonally adjusted month/month -0.1%. Previous was -0.1% – 20-city, not seasonally adjusted month/month +0.8%. Previous was +0.9% – 20-city, not seasonally adjusted year/year +5.1%. Previous was +5.3% Weakness is regional

Housing Data.

MBA Mortgage Applications (week ended 8/19/016) – Purchase Index Week/Week -0.3%. Previous weeks were -4.0%, +3.0%, -2.0%, -3.0%, -2.0%, +0.0%, +4.0%, -3.0%, -2.0%, -5.0%, +12.0%, -5.0%, and +5.0%. – Refinance Index Week/Week -3.0%. Previous weeks were +10.0%, -3.0%, -15.0%, -1.0%, +11.0%, +21.0%, -2.0%, +7.0%. -1.0%, +7.0%, -4.0%, +0.4%, and -4.0%. – Composite Index Week/Week -2.1%.